In our last article we covered “Who Are These People Who Put Up The We Buy Houses signs?” Our readers were also curious about the slogan “We Buy Your Ugly Houses”. You may be wondering what types of homes qualify as “ugly?” After all, both beauty and ugly are in the eyes of the beholder, right? However, what’s considered “ugly” in real estate is usually quite clear cut.
Most people want to think they have a beautiful home and do not want to admit that their house is run down for various reasons. However, many homes have suffered from years of neglect. Peeling paint, an old leaky roof, mold rotting wood, overgrown lawn are just a few of the signs you’ll see. We Buy Ugly Houses Charlotte is one of the authority sites on this topic.
We buy really ugly houses others might pass up. We see past the obvious. What I found was that buying these ugly homes is a very good deal for the seller and investor. People want to buy their dream home so they keep searching for that house. Most people can’t get past an ‘ugly’ house, so the seller can sell fast with no financial output, and the investor typically buys at a discounted price because of the risk and work they accept.
I did a Google search for “we buy ugly homes” to find out what the idea of an ugly house really means.This is a good explanation of what may constitute an ugly home:
1.Structural issues that are not apparent on the surface, such as foundation problems;
2.It holds memories the owner desires to move away from, such as those of a deceased spouse or child, or those following a divorce;
3.It’s located in a neighborhood that the owner views as less than desirable from any standpoint; including, for example, a long commute distance to work, or being located within a flood plain or high-crime area;
4.It has an undesirable mortgage financing structure;
5.Or it has a high mortgage financing rate;
6.Or a mortgage that is more than the owner can handle or wants to deal with; and/or
7.From which an owner would like to move for any other reason, including wanting a larger or smaller house, or needing to move to another city.
I used to sell real estate many years ago when the market was similar to today’s market. The first thing I would tell a homeowner was everything they needed to do to repair and make the house show well. You know, it’s called “curb appeal”. In those days some agents would refuse to sell an ugly house. Putting effort into a house that I was not able to sell could affect my commission, so many would decide that it’s just not worth it.
Today when you see a we buy homes or we buy ugly homes sign, check them out and they will tell you, how we buy real ugly houses. You simply contact them, and tell them you want to sell your house. They run a few numbers and if it makes sense, they make an offer. If you accept the offer, they begin processing the paperwork to close on your home within seven days or less.
Next they take over the home and begin making whatever changes, renovations and updates needed to transform it into a home that buyers ‘want’ to buy. They tend to resell it, or hold onto the house as a rental, or sell once the market returns. When the company buys really ugly houses from motivated homeowners, they make it a win-win situation for everyone involved. We buy real ugly houses makes it easier for sellers to sell quickly without spending money to fix up their homes.