Thursday, May 2, 2024

Frequently Asked Questions From Home Sellers

we buy ugly house

Your local We Buy Ugly Houses® property specialist will be happy to answer all of them. Everyone has been in situations where you mistakenly think, “What could go wrong? Our local property specialist will give you a free, no-obligation consultation at your convenience.

Let’s get you moving with cash in hand and peace of mind.

A man in Broward County, Florida, believed he was signing a document for a home equity loan that in reality was a contract to sell his $100,000 house for $37,500, according to a lawsuit he filed but ultimately abandoned. After paying her $10,000, the HomeVestors franchise sold it for $55,000 without making any improvements. Our property specialists live and work where you do, and our knowledge of the local real estate market means we can provide a fair, all-cash offer right away, often on the same day as our visit. A walkthrough allows us to assess the property more thoroughly than typical online-only valuations, and it saves time since we're able to understand and see all the aspects of the house from the start. Through Simple Sale, HomeLight works to match you with an investor in your area who can make a full cash offer on your property so that you can sell your home on your timeline, in as few as 10 days or whenever you’re ready. The cash offer you receive will be competitive, with no hidden fees or agent commission costs involved.

We are investors that buy houses.

We Buy Ugly Houses® was created to offer ease for home sellers when they feel that the traditional method isn’t the best fit for their needs—we believe different situations call for different solutions. You may recognize HomeVestors® as the “We Buy Ugly Houses®” people. When we started in 1996, we became famous for giving people a fast, easy way to walk away from houses that had serious structural or aesthetic problems. Patriot Holdings no longer uses the lawyer who initiated the lawsuit against the Casanova family, according to a HomeVestors spokesperson. The lawyer has represented other franchises and has attended company conventions.

Selling to HomeVestors

In 2017, Hicks, the HomeVestors CEO, praised Hi-Land’s owner as a “loyal, hardworking franchisee who has well represented our national brand, best practices and values." ProPublica found a pattern of HomeVestors flippers facing allegations they stretched the truth or deceived homeowners in pursuit of deals. For all of its scrupulous image management, the company has at times described its targets in crude terms. Certain homes in its advertising crosshairs are referred to internally as “honeypots.” And in a 2020 interview, Hicks said houses targeted by his company smell so bad flippers want to take a shower after visiting them. We got a very fair price and Mike [We Buy Ugly Houses franchisee] was very good in communicating with us.

The buyer will usually take a look at the house either in person or virtually to see what condition it is in and what needs to be done. They’ll also evaluate the neighborhood and look at market conditions. “Even though we say we are paying in cash, it’s not like we are showing up on their doorstep with a duffle bag full of 100s. It’s amazing how many owners actually expect that,” Weber says, adding the payments are usually in the form of a wire transfer. There are many companies that use similar slogans and tactics to buy homes.

Can you negotiate with HomeVestors?

“I told him, the only way I would sell mine was if the salesman would buy me a house in Erie, PA,” she wrote. Many rehabbers use the flipping industry standard known as the 70% rule, where an investor offers no more than 70% of a property’s after-repair value for a house they plan to flip. They subtract any estimated repair and holding costs from that 70%. The winning property is a West Palm Beach home, renovated by franchisee Don Cameron, and this accolade comes with a $20,000 donation to his local Habitat for Humanity. When Cameron acquired the 1,035-square-foot single-story ranch built in 1959, it suffered extensive fire damage caused by an unattended candle left on the back patio and blown onto a rug. Use HomeLight’s Simple Sale platform to sell when you’re ready without the hassle of paying for repairs, prepping for listing, or dealing with showings.

Buying Ugly Houses (and selling prettier ones) during the pandemic — Q&A with HomeVestors CEO David Hicks ... - The Business Journals

Buying Ugly Houses (and selling prettier ones) during the pandemic — Q&A with HomeVestors CEO David Hicks ....

Posted: Fri, 02 Oct 2020 07:00:00 GMT [source]

Following reporting from WABE, the Atlanta City Council in 2020 prohibited real estate investors from “repeated and unsolicited attempts” to contact a homeowner after being asked to stop. Such overtures now amount to a form of “commercial harassment.” Violators can face fines or up to six months in jail. ” In the early days of HomeVestors, sellers were skeptical that HomeVestors would provide an offer for their properties, which in many cases were falling apart. Donald Cameron, owner of Hi-Land Properties, denied that clouding titles is a predatory practice and noted he often helps people with groceries or electric bills while he tries to buy their homes. The recorded contract is necessary to ward off other investors trying to buy the property.

With HomeVestors®it's as easy as 1 - 2 - 3!

HomeVestors® franchisees are the cash home buyers who will let you skip the stress and uncertainty of selling your house in the traditional way. We buy ugly homes so that sellers can enjoy both the time they save and the convenience of us purchasing their house “as is” for cash. Since 1996, we’ve purchased over 140,000 houses the same way—in person.

Companies That Send People Money When They’re Asked Nicely

In previous interviews and in his retirement letter, Hicks has said he believes HomeVestors helps communities by purchasing difficult-to-sell properties and returning them to the market in an improved condition. “As CEO of HomeVestors, I have witnessed firsthand how we have been able to make a direct impact on people and communities in which we operate. It is this feeling of helping others that has kept me in this business for nearly 20 years,” he said in his letter.

'We buy houses' companies in Texas - Yahoo Finance

'We buy houses' companies in Texas.

Posted: Mon, 20 Mar 2023 07:00:00 GMT [source]

She denied the company had targeted the elderly and pointed to a 96% approval rating among homeowners who sell to HomeVestors, which was calculated internally from what the company says was “over 500” customer reviews. The company had already taken action in some of the cases found by ProPublica, she added, and is investigating others in light of the reporting. Unlike real estate agents, house flippers operate in a largely unregulated space. Real estate agents have a fiduciary responsibility to represent a homeowner’s best interests in negotiations, which is defined in state laws, licensing requirements and an industry code of ethics.

Part of that mission is a promise not to take advantage of anyone who doesn’t understand the true value of their home, even as franchisees pursue rock-bottom prices. In her letter to the company, she invoked a Kansas state law that grants three days to cancel certain sales agreements. She believed it would protect her mother and any other vulnerable homeowners entangled by questionable real estate deals. Her mother had no other place to live and had recently been showing signs of dementia, she said. A woman in Fort Worth, Texas, said in an interview a franchisee told her she could legally sign a contract to sell her late husband’s house even though she wasn’t on the deed.

we buy ugly house

A spokesperson for the ad agency, Imaginuity, said it would be “out of character” for the owner to “disrespect or wish harm” to a client’s customers. Jacqui [We Buy Ugly Houses franchisee] was great to work with, very flexible and listened to our concerns along the way. Our property specialist will give you a free, no-obligation consultation at your convenience.

The homeowner, Corrine Casanova, had bought the three-bedroom Baldwin Park bungalow with her husband in 1961 and now owned it outright. After raising three children there, she was days away from leaving it for an assisted living facility and had called the number on a HomeVestors ad. Ross [We Buy Ugly Houses franchisee] was kind, concerned about me, and extremely considerate. Melanie [We Buy Ugly Houses franchisee] was very helpful and made our experience very easy.

we buy ugly house

Our property specialists are standing by ready to help you with any questions you may have about your unique situation—no obligation, no cost—just give us a call. We’re happy to just talk about your situation and offer any guidance we can. Whatever your reason for selling may be, whether it’s time to downsize, you’ve inherited an unwanted house, or you have a house that’s become too expensive to maintain, you have enough to deal with.

Sal and the team [We Buy Ugly Houses franchisee] were all understanding to our needs, and made the process easier and less stressful. Whether you’re relocating across the country, or retiring and moving to the beach, or simply want a fast, simple, and hassle-free way to sell a home, call us. Jared Peterson and Martin [HomeVestors franchisees] were very helpful. I appreciate the way they treated me and the patience they showed me. It was a pleasure dealing with Chris Johnson [HomeVestors franchisee] and HomeVestors.

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