Can We Buy Ugly Houses Help You?
Many seller clients come to us because they need to sell their home. Most are not yet in a desperate situation, just a situation that could become desperate should a few more months pass without relief from the expenses associated with their home.
But what about if you are in a truly dire situation? While there are times when we can move a house literally overnight, it does not always happen this way. What are some other alternatives?
I am sure you have seen signs around the highways that said “ We Buy Ugly Houses ” , ” We Buy Houses for Cash “, “Sell house fast“and you may be wondering if this might be an option for you.
Are the “ We Buy Houses “ companies a good solution for selling your home fast?
Honestly, it really depends on your individual situation and your motivation. You should understand that the people who will be coming in and buying your home are real estate investors. As such, they have one primary goal – MAKING MONEY. Now, there is nothing wrong with this. But, if you are setting your sights on getting a full price or even a “fair” offer, you are going to be sorely disappointed.
Most We Buy Houses for cash type companies will be looking to purchase your home for somewhere around 65% of its fair market value. They will make any repairs necessary and market your home either for sale or rent. Some will also consider offering it for rent to own.
The advantages to you are that you can have a check in hand in just a few days and move on with your life. Obviously, this entails that you have a great deal of equity in your home. It also means that your financial situation is so bad that you are willing to give this equity to someone else just to get out from under the house.
The reality is that if you are facing foreclosure, you are going to lose your equity anyway. You are going to give the equity to an investor or give it to the bank. At least working with an investor can save you from a foreclosure and everything that goes along with that. You may also be able to get some cash from the situation.
Selling your home fast through the We Buy Houses type companies is not a good solution for everyone, but for those facing foreclosure it can offer welcome relief.
But, before you call on that “Sell house quick“ or “Sell Home Today!” sign by the road give us a call. You never know, we may have a tenant buyer in our database looking for a rent to own home for which your home is just perfect for. The best part? Rent to own contracts can be completed in as little as a day!
