The quick answer to that question is no.
Are you torn between selling your house as-is or investing a little money for repairs? Figuring out which one you should do can be difficult.
At Real Property Buyers, we are local cash house buyers in New York and work with local homeowners who need to sell their houses fast. The homeowners we’ve worked with come to us with all kinds of reasons for needing to sell fast, and we make sure to help them throughout the steps.
One of the most common reasons homeowners sell to us is that their house needs a major renovation or some repairs. Homeowners in a rush don’t have time or money to make the repairs. They choose to sell it fast to investors like us than to have it listed by a real estate agent on the open market. Properties that are listed take longer to sell.
But here’s the “official” reason we’ll buy a house in any condition in ALL CITIES in New York.
Why Real Property Buyers Will Buy Your House “As-Is.”
We won’t wait for bank approval since we already have the cash to use whenever we need to. It means we can buy your house fast for cash; we can close whenever you want to. May that be in a few days or a few months. Because of this, we have the flexibility to buy local New York houses in any condition. Even if it needs major repairs! Usually, major repairs and waiting for a bank approval mean a delay in closing the sale.
Banks won’t finance a house if it’s in disrepair.
They see it as a risk and won’t lend on the usual “fixer-upper” house.
That leaves a lot of homeowners 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 home. Banks won’t approve a conventional mortgage loan in many cases if the house needs a structural repair due to issues with its appraised value. Lenders won’t lend money unless the home’s worth is more than the requested mortgage loan.
That’s where Real Property Buyers come in.
Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your home for cash. We won’t require you to fix anything before we buy your property. Regardless of the condition of your house, we will pay you the amount we promised to deliver.
We pay for all repairs, whether it needs a major or minor repair.
We pay for the closing costs. You won’t spend anything to sell the property.
We do all of the work, so you don’t have to. Just accept our offer, and we’ll do the rest.
Selling your house shouldn’t be that hard and complicated. We aim to give you a better selling experience with less stress and worry. We will do the heavy work for you so you can move on with your life and put this house behind you.