How The We Buy Ugly Houses Process Works
There are a few steps involved when selling an “ugly” house. We’ve outlined them below to give you a quick education on the process so you’re prepared for anything that comes your way.
1. The Homeowner Reaches Out for an Offer
Have you decided to sell your house? If so, this is the first step in the process. If you have a house that needs a lot of work you can reach out to a company like ours that buys homes all the time. Any we buy houses company can provide you a cash offer for the house in its current condition, but not all will provide you with a fair offer. More on that later. Once you submitted your offer request, you will move to the next step in the process.
2. Evaluation of the Property
If you like the initial offer, the next step is to schedule a visit for the real estate investor to view your home. This step is necessary for the investor to inspect the property.
Unlike traditional buyers, an investor buyer is not there to see the property in perfect condition. So there’s no need to tidy up, repair anything, or clean the home. As investors, we’re there to check the overall condition of the property including its foundation to make a fair offer for you.
Since we buy homes in “ugly” conditions to fix up and repair later, you won’t scare us away. Trust us, we have seen some really ugly houses :).
3. The Real Estate Investor Provides a Cash Offer
The next step is our favorite. At Property Nation, we have surprised many homeowners with a fair offer that was beyond what they expected.
This is also where most we buy houses companies drop the ball. They provide a very low-ball offer that may anger you and waste your time.
Typically in this step, you’ll get your offer on the spot or within 24 hours of the investor seeing your property. Keep in mind, this is a cash offer. Not a loan offer that you will have to get approved by a bank or wait months to complete the sale.
This makes the offer much more valuable as you can sell the house faster without waiting for months.
With us at Property Nation, you can think about the offer for up to 14 days, and we never pressure you to make a decision. You can even send it to your lawyer if you want to make sure we’re looking out for your best interests.
Many other we buy houses companies are afraid for you to do this because you may discover that their contracts lock you into something you shouldn’t be locked into.
A common indicator of a shady company is one that pressures you into making a decision or selling. If a company does this and makes you feel uncomfortable in anyway about the situation it may be best to walk away.
4. Go to the Closing and Sell Your House
The last step in the ‘we buy houses’ process is then you the homeowners favorite. That is selling the house and leaving with a large check.
We have a team of licensed professionals ready to ensure the entire transaction is processed smoothly and legally. This is important when choosing a ‘we buy houses’ company to sell to. Make sure they are accredited and work with licensed professionals to make sure the house is sold legally based on the requirements of your state.
Again, we recommend doing your homework and working with a company that is transparent and open to questions. Feel free to ask us any questions you have, we’re always looking to provide guidance.
Dependable Homebuyers
75 Huxley Pl, Newport News, VA 23606
(757) 296-8067
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