Selling Your Home With Buy Ugly Houses and HomeVestors vs. Selling With Professional Home Buyers
Selling a home means closing a chapter and preparing to start a new one. However, it’s not as exciting a journey for everyone, especially if they’re worried about unloading a house with limited options. If that’s you, you may be considering selling to We Buy Ugly Houses and HomeVestors, its parent company.
Before you work with We Buy Ugly Houses, it pays to do some research to make sure you’re making the best choice to get a fair offer for your home.
Our team at Professional Home Buyers has over 20 years of experience renting and selling homes in all conditions. We fully understand the dos and don’ts of flipping houses.
Learn why partnering with companies like We Buy Ugly Houses comes with some unexpected downsides — and how to sell your house for cash and get a fair price.
How We Buy Ugly Houses Works
HomeVestors devised the concept they called the We Buy Ugly Houses brand, a large network of independent real estate investors. It pays cash for residences that are not easy to move, perhaps for poor aesthetics, low property value, or stagnant demand.
HomeVestors scouts for undervalued properties, offering these distressed homeowners a payment.
Because they provide cash offers within 24 to 48 hours and close the property in around three weeks, you might see it as a lifeline from a money pit.
If you decide to sell to We Buy Ugly Houses, you’ll submit a form that lists your property’s information, like location, square footage, and condition. The company will also schedule an inspection. Since the company accepts most homes, many sellers agree because they believe they have a better chance of unloading onto this company than leaving the place on the market.
After signing the purchasing agreement and accepting their non-negotiable offer, you’ll choose a flexible closing date and receive cash within two to five weeks. At that point, We Buy Ugly Houses and HomeVestors will renovate the property to flip it for a profit.
However, there’s a catch. If you want to get a fair deal for your home, HomeVestors may not be your best option.
Why You Should Think Twice Before Selling to We Buy Ugly Houses
With the rushed take-it-or-leave-it deal, it’s obvious this brand does not want you to compare offers. They design the process that way because if you did compare, you would notice they consistently offer only between 50% and 70% of your home’s fair market value. That means you’ll potentially make half the profit with We Buy Ugly Houses than if you repaired and listed your home with a more reputable company!
With this strict formula and maximum offer, there is no room for negotiation, either. They multiply your After Repair Value by 70% and subtract your estimated repair costs. You’ll get 30% less than your property’s worth, and that’s how they stay in business.
Your Best Alternative! Sell Your Home to a Trusted Local Cash-offer Real Estate Company | Professional Home Buyers
Unlike We Buy Ugly Houses and HomeVestors, Professional Home Buyers’ 90+ five-star reviews and high sales volume speak for themselves.
We go one step ahead of their no closing and repair costs, granting a fair cash offer within 24 hours so you can sell quickly without doubts.
If you want us to buy the house you’re living in, call (316) 202-1628 for a free, no-strings-attached cash offer today!