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Message
Those "We Buy Houses" Signs
Posted on 6/10/16 at 1:34 pm
Posted on 6/10/16 at 1:34 pm
Are those legit businesses or am I going to get an offer for half of appraised value?
10
Posted on 6/10/16 at 1:35 pm to PrivatePublic
They are house flippers. They are going to low ball you.
Posted on 6/10/16 at 1:35 pm to PrivatePublic
Of course they are going to low ball you.
Posted on 6/10/16 at 1:36 pm to PrivatePublic
You mean the ones written with Sharpie's and scattered all around NBR? 
Posted on 6/10/16 at 1:36 pm to PrivatePublic
quote:
Are those legit businesses or am I going to get an offer for half of appraised value?
no they are just house collectors, they pay top dollar because their intent is not to resell for profit
Posted on 6/10/16 at 1:36 pm to PrivatePublic
But what if they blow ball you. Would be nice. Put a wig on the goatee dude. Gross.
Posted on 6/10/16 at 1:37 pm to lsuwontonwrap
Don't bother calling them. The signs reads "We Buy Houses" not trailers
Posted on 6/10/16 at 1:37 pm to 777Tiger
we buy GOLF CLUBS
Posted on 6/10/16 at 1:38 pm to 777Tiger
quote:
no they are just house collectors, they pay top dollar because their intent is not to resell for profit
Posted on 6/10/16 at 1:39 pm to PrivatePublic
quote:
Are those legit businesses
Yes
quote:
I going to get an offer for half of appraised value?
Not half, but you won't like their #
Posted on 6/10/16 at 1:47 pm to PrivatePublic
Those are the slum lords of NBR.
Posted on 6/10/16 at 1:49 pm to lsuwontonwrap
quote:
They are house flippers. T
If this was true, wouldn't the sign say "we flip houses"?
Posted on 6/10/16 at 1:52 pm to PrivatePublic
people don't have the money to fix up their house, can't rent it in the condition it is in, can't get bank financing on a property in that condition either.
so they buy houses that are hard to sell with the intent of putting money into it to either make it a rental or resell it.
so they buy houses that are hard to sell with the intent of putting money into it to either make it a rental or resell it.
Posted on 6/10/16 at 2:15 pm to PrivatePublic
think ...the guy on the side of the road selling tickets and the guy next to him needing tickets. Do you think you are going to get a fair price either way?
Posted on 6/10/16 at 2:24 pm to PrivatePublic
Most of those signs are from wholesalers whose goal is to buy the house and quickly resell to another investor that will actual be the person that will renovate and relist the house.
Posted on 6/10/16 at 2:27 pm to ssgrice
Some people need to sell their property in run down condition.
Some are facing foreclosure.
They do not have time or money to get maximum bang for the buck.
So they sell for 70-80% of fixed up value. Those investors with signs have cash. No inspection needed, no appraisal, no fix ups etc.
The seller also saves 6% on realtor fees.
Can be a win-win!
Some are facing foreclosure.
They do not have time or money to get maximum bang for the buck.
So they sell for 70-80% of fixed up value. Those investors with signs have cash. No inspection needed, no appraisal, no fix ups etc.
The seller also saves 6% on realtor fees.
Can be a win-win!
Posted on 6/10/16 at 2:29 pm to MrSpock
quote:
Most of those signs are from wholesalers whose goal is to buy the house and quickly resell to another investor that will actual be the person that will renovate and relist the house.
This. They are looking to sell it to a flipper or landlord usually. So yes two people have to make money on it for them to buy it.
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