There’s probably an advertisement, a flier, or even a sign on the pole: We Buy Ugly Houses.What do We Buy Ugly Houses do? Do they scam people?How much will this company actually pay for your house if this is real?
The company is not considered a scam by most We Buy Ugly Houses reviews. Legitimate franchises operating under the We Buy Ugly Houses brand name are cash buyers who, yes, do buy ugly houses.
It has been reported that We Buy Ugly Houses will pay as little as 50% of the fair market value of an ugly house, which is a steep price to pay for convenience we buy ugly houses There is a catch though: they will not pay anything close to fair market value or what you can make if you sold it otherwise. That is your tradeoff for a quick, easy sale.
Why Do We Buy Ugly Houses?
We Buy Ugly Houses has a simple business model. Our company:
- Identifies undervalued properties and subpar conditions of financially distressed homeowners (“ugly houses”).
- Provides quick cash at below-market prices.
- Quickly renovates and flips the properties or rents them out.
We Buy Ugly Houses may be a viable option for sellers who:
- Are under extreme time pressure due to a divorce, an impending move, or another circumstance
- Inherit property after a death in the family
- with an abandoned or disrepair property
Regardless of their condition, the majority of properties are purchased by We Buy Ugly Houses.
We Buy Ugly Houses: How Does It Work?
These are the steps you can expect to take when selling your home with We Buy Ugly Houses:
Fill out an application. We Buy Ugly Houses” franchisees can be contacted online or by phone for information about your property, including the address, age, condition, square footage, etc.
Arrange for an inspection. We Buy Ugly Houses will view the property as soon as possible. One of the company’s agents will inspect the property and make a cash offer. Normally, this offer is non-negotiable. It’s a “take it or leave it” offer.
Accept the money. In the event you accept this offer, you will sign a purchase agreement and select a closing date. The flexibility in closing dates of cash buyers like We Buy Ugly Houses is greater than that of traditional buyers because there is no financing involved.
Get paid. It can take as little as two to five weeks to finalize the deal and receive cash.
- Franchises Operated Independently
It is important to note that We Buy Ugly Houses is a cash buyer brand owned by HomeVestors. Franchisees work locally as independent operators under the brand name.
We Buy Ugly Houses was founded in 1995 and has grown into one of the most successful franchises in the country. Our team of specialists provides nationwide home buying solutions to homeowners facing tough financial situations. We buy houses for cash, and we buy houses quickly. We Buy Ugly Houses are headquartered in Atlanta, Georgia.
We Buy The parent company trains ugly Houses franchisees, but there is no oversight or guidance from the parent company. Your experience may be different depending on your local franchise. Because of this, you should check the reviews and references of any We Buy Ugly Houses buyer you are considering.
- We Buy Ugly Houses Locations
We Buy Ugly Houses franchise offices in 45 states and Washington, D.C., with multiple locations in many counties and cities.
The company has made it a mission to buy houses that no one wants or needs and make them look good. “We have an awesome team of people,” said Paul S. Johnson, the company’s founder. “We’re kind of like the little engine that could.
We have a lot of horsepowers.” In August 2007, the company bought its first house in the middle-class suburb of Boca Raton, Florida. It was a modest three-bedroom with a pool and a small lawn. But it was on the market for $1.