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Updated 10 months ago, 02/05/2024
Seller looking for wholesaler
I'm looking into alternative ways to sell a rundown house for my parents. The house is no longer occupied and needs work. It is a large, old Victorian in a small, rural town. We had a couple "we buy ugly houses" type companies come in and offer less than even the lot itself is worth. I know there is cost to tear down, but feel that even though the house needs work it is more valuable than the offers. There is a mortgage so that also adds to the amount desired, though my inexperienced self still feels it would sell for a pretty penny once fixed up. Is this a situation where we (as sellers) would reach out to a wholesaler? Or if those big companies don't want it, is that an indication that no investor would want it? Perhaps sellers do not contact wholesalers at all? Thanks in advance for any input.