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Fairbrick Home buyers ยท St. Louis

How it works

Four steps, and all the math.

Here's exactly how we go from your first call to a closing, the formula behind every offer, and a fair comparison with listing your house instead.

The four steps

  1. Step 1: Tell us about the house

    10 minutes

    Five quick steps online, or a 10-minute call. Address, condition, timeline. No photos needed.

    • Online in five short steps, or by phone
    • We ask the address, the condition, your timeline and how to reach you
    • No photos, no documents, no credit check

  2. Step 2: We walk through it once

    30 to 45 minutes

    Andre or Marcus visits for 30 to 45 minutes. No cleaning, no staging. Tenants get 24 hours' notice.

    • Andre or Marcus visits once
    • We check the roof, basement, furnace, water heater and electrical panel
    • We measure and take photos so the repair estimate is real

  3. Step 3: You get the offer and the math

    Within 48 hours

    A written offer within 48 hours, with every line shown. It stays open 14 days while you think.

    • A written offer within 48 hours
    • Every line shown: value, repairs, costs, margin
    • Open for 14 days. Ask us anything, or show it to an agent

  4. Step 4: You pick the closing date

    10 to 90 days

    A local title company closes and pays you by wire or check. As soon as 10 days, or up to 90.

    • You choose the date
    • Our earnest money goes to an independent local title company
    • At closing they pay off any mortgage and pay you by wire or check
A hand filling in a repair estimate form on a clipboard outside a house

Offer calculator

Try the formula on your house.

Move the sliders. This uses the same percentages we use on real offers. It's a rough guide, not an offer: the real numbers come from recent sales near you and the walk-through.

$220,000

Not sure? Look at what fixed-up houses on your street sold for in the last year.

How much work does it need?
$41,000
The percentages we use
  • Buying and closing: 1.5% of the fixed-up value
  • Holding about 5 months (taxes, insurance, utilities, loan interest): 4%
  • Reselling (agent commission and seller costs): 7.000000000000001%
  • Our margin: 10%
  • Listing as-is estimate: the fixed-up value minus 110% of repairs, then 7% fees and about a month of holding costs

Your rough numbers

  1. After-repair value What it would sell for, fixed up $220,000
  2. Minus Repairs Priced line by line at the walk-through $41,000
  3. Minus Our costs to buy, hold and resell Closing, taxes, insurance, utilities, resale fees $27,500
    • Buying and closing (1.5%)$3,300
    • Holding for about 5 months (4%)$8,800
    • Reselling: commission and fees (7%)$15,400
  4. Minus Our margin About 10% of the after-repair value $22,000
  5. Equals Rough cash offer $129,500

Rough cash offer

$129,500

Listing as-is, rough net

$160,000

Straight talk

Listing as-is would likely net you about $30,500 more, if you can wait a few months and handle showings.

Three ways to sell

Cash offer, list as-is, or fix it up and list.

Same example house: $220,000 fixed up, $41,000 of repairs. A checkmark shows which way wins each row. We don't win the row most people care about.

Comparison of a cash offer, listing as-is, and fixing up then listing, for the example house
Example house Our cash offer List as-is Fix it up, then list
Example sale price $129,500 (our offer) Better: About $175,000 Better: About $220,000
Repairs you pay for Better: $0 Some, after the buyer's inspection About $41,000, upfront
Agent commission and closing costs Better: $0 from you About $12,000 About $15,000
Holding costs while you wait Better: About 1 month About 3 months About 5 to 6 months
Estimated money in your pocket About $129,000 Better: About $160,000 Better: About $160,000, with more risk
Time until you're paid Better: 10 to 30 days 2 to 4 months 5 to 7 months
Showings and open houses Better: None Yes Yes
Chance the deal falls through Better: Low, no loan needed Higher, buyer's loan and inspection Medium, buyer's loan

Example figures for a St. Louis-area house, rounded. Commissions are negotiable, and your costs will differ. On phones, swipe the table sideways to see all three columns.

List with an agent when

  • The house needs paint, carpet or small fixes, not a roof or a foundation
  • You can wait 2 to 4 months and handle showings
  • A regular buyer's lender would approve the house as it is
  • Getting the most money matters more than getting it fast

A cash offer makes sense when

  • The house needs big repairs a buyer's lender won't accept
  • You need a firm date, or you can't do months of showings
  • The house is inherited, vacant or full of belongings
  • Certainty matters more to you than the last dollar

Get started

Want the real numbers for your house?

Call or fill in five quick steps. You'll get a written offer with the math, and it stays open for 14 days. If listing would net you more, we'll say so.

Call us

(314) 555-0136

Tap to call

You'll get Andre, Marcus or Tasha. No call center, no script.

When we answer

Monday to Friday
8 a.m. to 6 p.m.
Saturday
9 a.m. to 1 p.m.
Sunday
Closed

Leave a message after hours and we call back the next morning.

Or start online

Five short steps: the address, the condition, your timeline, how to reach you, and a review. About three minutes.

Get my cash offer

4400 Chippewa St, Suite 3, St. Louis, MO

Call Get my cash offer
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