cash-for-houses

Cash for Houses in New York City: How Cash Offers Are Actually Calculated

By Alan / April 26, 2018 / Comments Off on Cash for Houses in New York City: How Cash Offers Are Actually Calculated

A cash offer on a New York City house is calculated backwards from what the property will be worth after it is repaired. The buyer estimates that finished value, subtracts the cost of the work, subtracts the cost of holding and reselling it, and subtracts their margin. Whatever survives that arithmetic is the number you…