If your property needs repairs, you may have experienced that it is much harder to sell in this market. Sometimes it can even be impossible to find a buyer, because lenders will not approve a loan on a property that needs excessive repairs or is not to code.
And more often than not, buyers are simply picky, because they have so many properties to choose from if they are qualified to buy.
When you don’t have the means or the time to fix the property before putting it on the market, it can become unmarketable. With lending standards as tight as they are, if you have even so much as a broken door knob, you may be trying to market the unmarketable.
In some cases, if the city or county red-tags the house you can be subject to fines or even lose the property altogether if you don’t take care of the problems.
If you are in that situation, don’t despair – you are not alone! Let your fixup be our burden. We are in a position to pay cash for your property and deal with any repairs after we close and you got your money. Why not get started today and see if your property can qualify for our buying criteria!