Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
"we buy ugly houses" ....
Has anyone ever used this company? The company is actually called HomeVestors, but their slogan is "we buy ugly houses". I have a rental property that is becoming more hassle than its worth, and has some major cosmetic issues. I really want to just be done with the place, but I don't think I will be able to sell it on the stale local housing market.
I know they won't offer what my typical asking price would be, but at this point a loss might be easier to handle than the constant up keep.
So tell me your experiences or horror stories...
Re: "we buy ugly houses" ....
My Valentine Bookends (2~13~13, 2~15~09)
I've always wondered this. Ugh - I figured it would be like that in order for them to make a business out of it.
AgHeather06,
I have not used HomeVestors before, but from what I understand, they typically do a little bit of what you want and what the other reply said. From my experience in learning about companies similar to HomeVestors, they approach owners with the appeal of getting it sold now (at a remarkable discount...like other reply stated) without the hassle of selling the proprety. Their plan is to turn it in days, with little or no work done, for a profit.
I do not advocate or condemn the business model because there are so many that are willing to avoid the perceived pain of selling the home. Keep in mind, though, the owner must feel the value of cash now is worth the difference of a deeply discounted selling price.
I would suggest contacting a real estate agent in your area to get a solid valuation amongst current sales comparables and make an educated decision on whether you would like to get it sold at a deep discount or sell it around the property's real value.
Hope this helps!
PS- Your tag is "AgHeather06." Does that mean you went to A&M? If so, I did too!
We have not had personal experience with it but a friend of ours flips homes for a living and does not recommend a big name company if you are looking to go this route. I guess a smaller company could offer more $$.
P.S. Chris, I am an Aggie, class of 2008!
Chris and Lindsey, Yes I am an Aggie, Class of 06!
I am fully aware that this type of company will offer a rock bottom price, but their website also states that there is no obligation to sell after they give you an offer. So, I'm thinking it doesn't hurt to look into it.
My other option is to list it on the market "as is" below the tax appraisal, but enough to cover the mortgage. My only worry with this, is that the market is so bad right now there is no telling how long it will sit on the market. Once the current tenants move out (which is probably in June) It will need some definite cosmetic repairs before I would be able to get any other tenants in there. Plus, I am kinda tired of the rental business, and really just want to be done with it.
Ahhh... the joys of owning a property with foundation issues...
No amount of education could convince Betty to be nice to possums
Two Aggies! Fantastic!
I am Class of '02!
Hi AgHeather06,
I work with HomeVestors of America (aka We Buy Ugly Houses) and thought I could chime in on the topic to help answer any questions you or others might have about our company or our home buying process.
While HomeVestors and We Buy Ugly Houses franchisees typically do make offers below market value, our offers are based on how much work needs to go into repairs on the property and a calculated estimate on what the home will be worth once repairs have been made and the home is ready to be rented out or sold. Each time we're contacted by a perspective seller we have a unique set of variables to consider when making a cash offer, which our local franchisees will be happy to go over with you when making an offer.
Depending on the seller's particular situation they may not have enough time, money or patience to make repairs, list their property with an agent and wait for the right buyer to come along. For these types of sellers our cash offers can be very attractive.
If you have any specific questions, or if you are interested in receiving an offer on your property give us a call at 1-800-44-BUYER or fill out the form on webuyuglyhouses.com to have someone contact you. There is no obligation for receiving an offer, and it's free. If you decide not to sell to HomeVestors there's nothing to lose.