The Good, The Bad and the Ugly. Let’s start with the Bad…
The Bad
You need to move, and you can’t afford to lose any money doing it.
You’ve probably been contacted by countless agents who want you to spend thousands of your dollars to make your house more “sale-ready”, or by wholesalers who make low “cash offers” if you put your property under contract with them.
Agents will charge 6% of the sales price and expect your house to be show-ready and fully repaired, often telling you it’ll be worth spending $10,000 to update a kitchen or bath only to increase the sales price by $5,000 (equaling more money for them and even less for you). Not to mention buyer credits following an inspection and the final closing costs which typically range between $7,000 – $15,000 or more and are typically paid by the seller.
Wholesalers send you flyers offering to buy your home in any condition. They offer to put your home under contract for the lowest price you’ll accept, and then they shop that contract around to any investor willing to pay them a $10,000 finder’s fee. Investors then fix and flip your house for a quick profit.
Neither option is great for you.
The Ugly
As shown in the graph, housing prices have been steadily declining since December 2020 to their current lows, and with today’s high interest rates, prices are expected to remain low for some time. Average home prices have fallen from $680,000 in 2020, to $450,000 today. That’s a 33% drop in home prices over the past 2 years, which usually means a recent home-buyer is underwater, which isn’t good when it’s time to move. If you bought your home between 2020 and 2022, there is a very good chance that you have zero or even negative equity and you cannot sell your house without losing significant money.
The opposite is true for those who bought their home before 2019. Chances are their home has gone up in value significantly, creating a lot of equity that is locked in and can’t be touched without opening a high-interest and highly adjustable home equity line of credit. The problem for these sellers is that they’ve made money but they can’t spend it without selling their home, and with today’s high interest rates around 6% nobody can afford to make the payments or even qualify for a loan to purchase the property! What good is the profit you’ve made if you can’t access the money?
This is where we come in.
The Good
The good news is we are able to help where others simply cannot.
We are committed to making the best possible offer for your home. We don’t shop your house around to any investor for a small profit. We make our best offer, no matter your situation, without any sales commission or closing costs, and we don’t ask for repairs or even property clean up!
We are able to make better offers because we are looking to become the owner of your property. No matter the condition, we have a solution for nearly every property. If for any reason it’s not a good fit for either of us, we simply thank you for your time and appreciate the opportunity to present our best offer to you. No harm and no hard feelings.
Why accept less?
