The quick answer to that question is no.
We work as local cash house buyers in Houston Texas and we often get to work with local homeowners who wish to sell fast, or that just need to sell their house in it’s current ‘as-is’ condition. They have numerous reasons for doing so, and understanding those reasons to provide them with services is what we do every single day.
One of those legitimate reasons is that the house is rundown and in disarray, with the homeowners just not having the time or money to make the repairs necessary to sell it fast on the open market. Buyers are looking for an emotional connection, they want a place that is ready to move into. Not everybody is handy and wants to put in the sweat equity, even for a discount.
However, while such houses are not essentially buying material, or hold much worth, there’s a key reason why you should look at them if you wish to invest in real estate. Here’s the “official” reason we will buy a house in any condition in and around the Houston market (including other cities in Texas).
Why Cash House Buyers In Houston Texas Will Buy A House “As-Is”
Since we typically buy houses with cash and don’t need to get bank approval… we have the flexibility to buy local Houston houses in any condition. We don’t need to worry about terms and condition set forth by a bank or mortgage lender, and we are in position to move quickly. We can exercise our free will and financial resources to purchase any property that we are interested in.
Normally traditional banks won’t finance a house if it’s in a debilitated condition. After all, the bank will consider the required repairs as a sign of weakness in the property. They will not trust you with the repairs and the insurance dealings for the house will turn out to be a mess that they do not want to deal with.
Secondly, buying the house as-is is a great way to ensure that customers are able to leave behind their houses as quickly as possible. At Houston Westside Home Buyers, we look for clients who want to do away with their properties, whether to avoid the cost of repairs or just to do away with it. It’s our job to take care of it afterwards. We take the risks as entrepreneurs – sometimes it works out to be a profitable investment and sometimes it doesn’t, but in all cases we remove the burden from the seller.
They see it as a risk and won’t lend on the normal “fixer upper” house.
That leaves a lot of home owners in our area without a good option to sell the house because 95% of the buyer pool has to get a traditional loan to buy a house.
The reality is the house has to pass an inspection for the bank to consider it as collateral. And their realtors know this. So even if your house is borderline, and might even pass inspection, the buyers agent is going to raise this question with their buyers, at a minimum, and quite possibly steer them toward other listings that are in better condition.
That’s where we come in.
Here at Houston Westside Home Buyers, we are cash house buyers in Houston. Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your house in the condition that it is in currently… then we add value. We fix up the property, beautify the neighborhood, and sell it “move-in” ready to a happy new home owner.
Feel free to take a look at some of the other houses we have renovated around Houston on our projects page. We aren’t just wholesalers, we actually do these projects. This is of vital importance to you as the seller, because it means that you are dealing with a real company and not just some random ‘Chuck in a truck’ out handing bandit signs on the corner.
At the end of the day, you have your house sold and money in your pocket – and none of this is contingent on some banker somewhere. Our services offer the following:
We pay for all of the repairs.
We pay for the closing costs.
We do all of the work, so you don’t have to.
Our goal is to make the whole process no hassle for you, so you can move on with your life and put this house behind you.