Our Buying Process

Great Homes LA offers many options for those looking to sell their off-market home to us directly. We provide win-win solutions that are tailored to your exact situation.

Buying options:

  1. Traditional homes on the MLS (which in turn appear on Zillow, Redfin, etc). While we do purchase many homes listed on the MLS, we prefer to buy off-market

  2. Off-market quick sale to us for cash

  3. Off-market quick sale to us using seller/owner financing (more on this below)

Below are examples of a home valued at $1,000,000. We will keep all models at this price to avoid confusion.

Traditional sale

$1,000,000 sale price

Seller pays $50,000 in real estate agent commissions (5% is common)

Seller pays $5,000-10,000 in staging costs

$940,000-945,000 profit before closing costs.

Off-market quick sale for cash

$1,000,000 sale price

Seller pays $0 in commissions

$1,000,000 profit before closing costs.

Off-market with short-term seller/owner financing

Our most flexible option. We pay more than we would with a standard off-market purchase. The seller would receive monthly payments for a short duration, then the remaining balance once we renovated and sold the house. Everything is negotiable, but an example for the same $1,000,000 house as above could be:

$1,050,000 sale price ($50k more to the seller)

Seller pays $0 in commissions

$1,050,000 profit before closing costs