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Sell that ugly home today and benefit from a cash lump sum, no middle men, no agents, no fees!
The USA has a diversified housing portfolio, and what works in one area may not work in another. Furthermore, you may not even see a return on your money for the repairs and upgrades, not to mention time lost. There is however, tremendous value to be had by selling to a Property Group direct.
If all you actually want is cash for your house rather than becoming a home restorer or investor and you want to get out fast then you have a few options. You could try and sell the house on the internet, use an agent or sell direct to a Property Group that has a whole portfolio of ‘Ugly Ducklings,’ looking for a spruce up.
Sell that ugly home today and benefit from a cash lump sum, no middle men, no agents, no fees!
The USA has a diversified housing portfolio, and what works in one area may not work in another. Furthermore, you may not even see a return on your money for the repairs and upgrades, not to mention time lost. There is however, tremendous value to be had by selling to a Property Group direct.
If all you actually want is cash for your house rather than becoming a home restorer or investor and you want to get out fast then you have a few options. You could try and sell the house on the internet, use an agent or sell direct to a Property Group that has a whole portfolio of ‘Ugly Ducklings,’ looking for a spruce up.
There are most certainly a number of “buy your house for cash” businesses in your neighbourhood. After determining the worth of your home using a free online property surveying tool such as on ‘UpNest’, you can then begin soliciting offers from local companies that focus on such houses as yours and get a cash offer when the time is right.
The advantages of this method are that you can get multiple offers from different companies. They will take into consideration the area the house is in, the age of the house and any structural damage to the house that needs to be repaired. As there is no middle man, no lawyers fees and other hidden charges to contend with, you will be given the best cash offer. Sellers could make up to $60,000 profit depending on whether the company buying it can see their profit in it post renovations.
There are many firms that only deal in purchasing foreclosed homes. Companies like ‘We Buy Ugly Houses’ will make an offer on almost any house in any condition, apart from mobile homes. They like to scoop up older properties that require remodelling and extensive repairs.
The concept is that you may sell your home quickly regardless of its state, without having to conduct any cleaning or repairs. This can be a real bonus should you want to just get rid of your home without any extra effort or expense on further repairs and renovations. However, everybody wants to make a profit, most Portfolio Companies will try to convince you to accept the lowest possible offer for your house. They may not charge real estate commissions, but they will subtract a significant number of things when making an offer.
Typically the strategy that is used here entails purchasing properties for 50% of their after-repair market worth. When the market is particularly hot and they are convinced they can flip the property quickly with little labour and investment, they may sometimes go much higher.
As an example, if your house is worth $100,000 once it has been refurbished like new, they will remove any repair expenses, fees to hold onto the property, their closing costs, and the profit margin they want to earn, in order to determine your offer. You can probably get a return of around $50,000 to about $70,000, on the high end on such an offer. This isn’t to shabby if you want a quick exit, need that extra cash-flow and don’t want to wait around until the market rebounds.
When you get in touch with such an organisation, they will assign you to a local franchisee who will contact you to schedule a viewing of your property. They will then send somebody from your local area to come to your house and examine it. The surveyor will assess the condition and repair expenditures required to ready it for a full market value sale.
At this point they’ll give you an offer that you may accept or reject. Should you decide to accept the offer on the table, completing of the transaction is usually realised within 30 days. There are firms that will pay you out in cash also, which takes a shorter period to conclude. So long as you have all your paperwork in order, their legal team could sign off on the deal within just one week.
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