We’re betting that you have spotted the signs all over your town that have been stapled to telephone poles or staked into the ground. They say things like “We Buy Ugly Homes” or “We Buy Any House.” These signs are there to tell you that there are companies willing to purchase your house despite how old or run-down it is. These people are generally investors who keep an eye out for homes that they can buy and flip to make a profit. Many real estate investors are now using house flipping as a lucrative way to up their profits, quickly and easily.
When you are trying to sell your home, you may be interested in hearing what these companies have to say. Unfortunately, house flipping investors may not be the right solution for your particular situation. Before calling and inquiring after one, it is important to learn more about what they do.
Remember, the we buy houses company has one major goal in mind- buying homes for as cheaply as possible. Many target desperate homeowners who have been attempting to sell their house for months. They may offer 50% to 70% of how much the actual value of your home is depending on your eagerness to sell. House flipping means that the investor is out to purchase a home for much less than what it is valued at, repair it, and then sell it for a big profit. It is known as a “flip” because it is usually done quickly.