{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Danny Buys Houses","title":"Is this cash offer fair, or am I getting lowballed?","html":"","width":"100%","height":180,"duration":565,"description":"Is this cash offer fair, or am I getting lowballed? This question is completely understandable when getting cash offers from house buying companies. When I get these calls at Danny Buys Houses, it is usually because the seller contacted someone to get a cash offer for their home. They got the cash offer, but they did not get any explanation as to how that offer was determined. \n\nThe first thing to mention is that the term lowball could mean simply getting an offer lower than expected. This all hinges on what is expected. If the value Bexar County has assessed your house at for property tax purposes is what you were hoping for, you’re likely to be disappointed and feel you have been lowballed.  Many areas of San Antonio have been over-valued for several years. Homes are simply not selling for what the county has them valued at. \n\nMost sellers that I’ve spoken to over the more than 2 decades I have been buying houses in San Antonio understand that they will likely get a lower offer by selling fast to a cash buyer. The reason is we are buying as an investment and are likely going to fix up the house and sell it. There are a lot of costs involved in buying the house, remodeling the house and then selling the house. When we account for those costs in our offers, they bring the offer amounts down considerably. \n\nConsider that just selling a house in the current market in San Antonio is typically requiring we pay about 10% of the sales price in buyer cost assistance and agent’s fees.  For a house that sells for $300,000, that is $30,000! \n\nYou may have heard about the 70% rule many house flippers and cash house buyers use. We take 70% of the estimated resale value of the home after we make repairs and updates. The 30% reduction is to cover those resale costs, our holding costs (property taxes, insurance, any rehab loan fees, utilities, HOA fees, etc) and our profit.  \n\nTherefore, most cash house buying companies, at least in San Antonio in 2026, are taking what they...","thumbnail_url":"https://img.transistorcdn.com/A4JKPMdBytvaktXFz-p1LEdttLMXeVmRX2kHrDdxJdU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9lYTdj/OTA3NTViNTkxNTgy/Mzk2MWMwYjljMDM5/YjgwOS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}