WeBuyUglyHomes - Philadelphia

[Illan K.]

Hi friends,

Does anyone have actual experience selling to one of these "we buy houses" companies.

I know they will pay you under market value, but does anyone know how much less. Would it make sense to give the house a cheap renovation to get more money from them. Or should I get a quota for multiple constructors saying it will only cost X amount to fix the house. That way the "we buy houses" cant tell me it will cost them 20K over the quota's I got.

Any feedback is appreciated.

Take care!

bkik

[Antoine Joseph]

It all depends on how much you want to do to the house on your end. The whole premise behind offering below market value for your house is that they will buy it "as-is" and you will not have to deal with the issues that come with renovating a house. They will also get your house sold quickly. If there is a time crunch to sell your house, they will have the fastest means to get your deal done. 

However, If time is not very crucial and you decide to make renovations yourself, you should research reputable contractors and have them do the job to your satisfaction. Then find a real estate agent that will get you top dollar for your house. 

That's my 2 cents at least.