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We Buy Ugly Houses

In the event that you don’t have the financial ability to make that House you wish to sell look pretty enough in order to impress a potential buyer, don’t throw in the towel because all hope is not lost yet.

 In this article, we’ll walk you through some of America’s real estate investors from Seattle with the best of business ethics that ensures a win-win situation no matter the state of the house you wish to sell.

 In a market where the interest Rate is constantly rising, comes many economic variables to look into when trying to sell your house. During the great recession of 2008, the rates were set to 0.25 percent due to the lack of demand or buyer confidence. The reason for this was to increase the buyer pool of houses that were available in the market at that time. Ever since the Federal Reserve has continued to raise the rates to 0.5 percent in 2015, 2.0 percent in 2018 and 2019 appears to be a year the Fed may add to the rates.

 The implication of higher interest rates is the fact that a person who could buy your house when the rates were low may not be able to do so in a high-interest rate market environment. Take, for example, a home purchased for $500,000 at 1 percent interest rate rise reduces the buying power to $445,000 and this implies that the buyer may not have the buying power to buy your house anymore when the rates grow.  What is worse is that this could lead to increased supply thereby giving the buyer a wider range of options.

 Sellers in a situation like this are likely to give up on the pursuits to get good cash for their ugly houses and this why we have companies like HomeVestors and the remarkable iwillbuyhouse.com.

 As a seller whose house is not in the best shape, you shouldn’t be scared of putting that house for sale even in the current state of rising interest rates. Alexander Romanov, co-founder of iwillbuyhouse.com stated that his company buys houses and vacant land in the Seattle/ Tacoma areas in an interview earlier this week.

 “We buy houses in ANY CONDITION! And what is interesting is the fact that we pay cash even when we Buy Ugly Houses and you will not pay any commissions or closing costs” Romanov added in a business summit for real estate investors over the week.

 If you are a seller with ugly houses, one of the best things to do is to be very transparent with the buyers, do not try to hide the downsides of the property, after all, nobody will want to buy an ugly house from a seller who is dishonest.  No matter the conditions of the house you wish to sell, there are still very interested real estate experts who are willing to pay in cash for the property in the shortest time and such are those we’ve discussed above. Do get in touch should you be looking to schedule a meeting to cash in on your house as quick as possible.



This post first appeared on Rd Tea House, please read the originial post: here

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We Buy Ugly Houses

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