Companies That Buy Houses In Any Condition

Undoubtedly you have probably seen commercials on TV about companies that want to buy your house. Companies like Knock, Opendoor and Offerpad and countless local investment companies. So what’s their deal? Do they really buy houses in any condition? That and more we are about to cover.




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Are They For Real?

For the most part, yes. Most of these companies that you talk to or contact are legitimate business’. But just like everything else in life there are scammers and fraudulent people out there looking to take advantage of you. You have to be sure you are dealing with a company that is on the up and up. If they ask for a fee upfront – run.

So Who Are They? gives an excellent description of just who these companies are;

In many cases, these “We Buy Houses” companies are real estate investment firms or individual investors looking to make a quick buck by flipping your home.

If you have a home that investors are interested in, should this be a case of “seller beware?” Not necessarily. At its most basic level, the root of any transaction is based on how motivated either a buyer or seller is at the moment.

In many cases, companies that specialize in fast home sales fill a niche that serves to remove old and vacant homes from the market, oftentimes transforming them into neighborhood gems.

To hasten the transactions, many of these investors will offer cash money. Not only do greenbacks help to reduce the processing costs of a real estate deal, but they motivate the seller to lower the price.

Read The Article Here

A lot of these companies are backed by big hedge funds and are buying up a lot of real estate all around the U.S.

Advantages VS Disadvantages of House Buying Companies

Selling your home to one of these companies is not for every seller. True they are changing how people buy and sell homes, but they only constitute about 10% of all home sales. Why? Because in most cases the seller is going to receive less money than they would if they listed it with an agent.

However, if your home is in need of repairs or if you need to sell quickly for some reason, they may be an alternative for you to consider.


  • It’s Fast – These types of buyers are paying with cash, so the closing process is much quicker. There’s no loan involved and lengthy paperwork.
  • No Commissions – It cuts out having to find a good realtor and having to pay them. This can be beneficial if your home is in need of work in which case you would not be getting as much money anyhow, only to have to pay 5 to 7% of your selling price.
  • Sell Your Home As Is – You can sell your property practically in any condition. Some of the bigger companies may want you to make repairs while others will buy it just the way it sits.


  • Less Money – Like we stated above, you are probably going to get less money than you would if it were listed with an agent. But again, this all depends on the condition of your home.

Bill Gassett goes on to make another good point –

Even homes that are in relatively bad shape can often be improved to attract better quality buyers. In fact, that is probably what the house flipping company is planning on doing with your home.

They will buy it, fix it up, sell it and make a nice profit. When you sell with a real estate agent, you get to make the improvements and reap the rewards. An outstanding real estate agent will be able to guide you on the best improvements for increasing home value.

Read The Article Here

So if at all possible it may be best for you to invest the money into your home so that you can get the most from a sale.

How Much Can You Expect To Get From A House Buying Company?

The amount that you will receive will vary greatly depending on the company that you contact. So how much can you expect to get? Check this out from Investorwize –

Back in the old times, before iPods and Britney Spears, we used to refer to these businesses as EPs, meaning equity purchase businesses. These cash buyers need a fair amount of equity to work with. These companies will need to negotiate the best price feasible based off the after repaired value (ARV) of the home. To find out your net profits of deal, first consider the following:

Your offer will probably be less than 80% of the market value of your home’s minus any repairs that are needed. Remember this is the After repaired value not the current value. This means that if the investor can find a way to improve the property value above what it is currently worth you may be looking at getting more than you expected for the deal. In cases like this it can happen only if the property needs extensive repairs and you have sufficient equity to support the agreed purchase price.

Read The Article Here

We have heard stories of some of these companies going as low as 50% of the ARV! On the flip side we have heard of some going as high as 80%, while the norm seems to be around 70 to 75%.

Is Selling Your Home To A We Buy Houses Company Right For You?

If you are like most home owners in the U.S., probably not. Your best bet is going to be listing with an agent and waiting for a qualified buyer that wants your home. But, if you are in a hurry, have a need for cash fast, well, they might be an option. Just be sure to do some research on the company before you sign on the dotted line.

Learn More:
Sellers Advantage
We Buy Houses Cash
The 10 Best Buy Homes For Cash Companies


Give Your Kitchen Attention When Selling Your Home

As you know there is a lot to do to get ready to sell your house. All of the cleaning and packing, and cleaning some more. It can be really taxing, but if you just keep chugging along you will get it done. In our last article “Bathroom Upgrades To Sell Your House In 2018” we were all in on updating your bathrooms to help sell your property quickly. But besides cleaning and updating your bathroom, what’s one of the best things you can do to make sure you bring in a buyer quickly? Dress up your kitchen or give it a makeover. Kitchens are a big selling point for new home buyers, so if you make yours more appealing than the next one on the market, you are sure to get yours sold quicker. Keep reading to find some small easy and inexpensive things you can do to a major overhaul.

Give Your Kitchen Some Love To Help Sell Your Home Quickly

As we mentioned above, kitchens are a big selling point for a home. Families tend to wind up their day with their evening meal and talk about their day at the dinner table in the kitchen. During the holidays, especially Thanksgiving, a lot of time, if not the entire day is spent in the kitchen.

One of the best things about spending money on your kitchen before selling it is that you will get back most of the money you spend on it, provided you do it properly.  Kitchens are such a big deal that HGTV lists it as their #3 thing to do that pays off:

#3 Minor Kitchen Remodel

Average return at resale: 98.5 percent

A minor kitchen remodel averages $14,913 for $14,691 at resale, a recoup rate of 98.5 percent. Do a minor remodel when your kitchen needs a cosmetic update and not a drastically different floor plan.

A $15,000 kitchen update covers 30 feet of re-facing for cabinets and drawers, a new wall oven, cooktop, sink and fixtures, laminate countertops and resilient flooring.

Put recessed lights 3’ to 5’ apart on center and 18″ from cabinets to light the countertops. Running the lights between two joists is easier than running through the joists.

If your home is worth more than $500,000, go with stone or trendy glass countertops.

Cover old vinyl with floor leveler so the pattern doesn’t bleed through. You can’t put a second layer of vinyl on if the subfloor is below-grade concrete.

Brighten up the kitchen by sanding and painting existing cabinets. It’s much less expensive than buying new ones.

From the article “Top 15 Home Updates That Pay Off

98.5 percent, that is a really good return! The problem is that with even with a minor remodel it may take some time, especially if you have to get estimates from multiple contractors, then decide on one and then get the job started. You may not even have 10 or 15k to put into a remodel, so what then?

If you are on a tighter budget and don’t have tens of thousands to spend on your kitchen, thankfully there are some other things you can do that will breath new life into your kitchen, as mentioned in this article from BankRate:

1. Make your kitchen really cook

The kitchen is still considered the heart of the home. For a few hundred dollars, you can replace the kitchen faucet set, add new cabinet door handles and update old lighting fixtures with brighter, more energy-efficient ones. If you have a slightly larger budget, you can give the cabinets themselves a makeover. Rather than spring for a whole new cabinet system, which can be expensive, look into refacing the ones you have. Many companies will remove cabinet doors and drawers, refinish the cabinet boxes and then add brand-new doors and drawers at a price considerably less than new cabinets. Unless the cabinets are mica, a fresh coat of paint can also do the trick.

Continue reading “Home improvement: 10 cheap upgrades

You would be surprised at how much just changing your faucet and updating the handles for all of the cabinet doors and drawers can make a difference. It’s important to choose items that go with your current kitchen colors and don’t clash. Just because copper looks great in a lot of newer homes, don’t think it will automatically pop in yours. It may be best to buy just one or two handles that you kind of like, then once you have something that looks good, go ahead and buy the entire set.

Now you may be in even a tighter of a pinch funds wise and don’t have the cash for those minor upgrades – what then? Well you may be able to get away with very little, and hopefully your kitchen isn’t dated from the 60’s or 70’s. For more on that, here is what Express Home Buyers has to say:

Can You Get Away With A Coat of Paint?
Sometimes you can get away with simply making a few tweaks. For example, if you have old wood cabinets that are in great shape, a thorough cleaning and change of hardware can give them new life. Or maybe the cabinets would look better with a fresh coat of paint. Add in a new floor, new countertops and a new backsplash and you could be set.

No doubt you’ve heard the importance of a fresh coat of paint. Classic and always in style are shades of white and off-white. However, the kitchen is one place where you may be able to get away with a little bolder of a color than the rest of the house, at least as an accent. In 2016, we’re seeing a trend to warm colors such as apricot, yellows and reds. And on the other end of the spectrum, subdued and relaxing silver blues, gray-greens and tobacco browns found in nature. Figure out what coordinates with the countertops and flooring.

Continue reading “Sell My Home Fast With Kitchen Upgrades – Express Homebuyers

Now we know that they talk about countertops and backsplashes, but what we want you to pay attention to is the colors that they are using. You are not stuck with just boring old white! Just make sure that whatever color you choose that it doesn’t clash with everything else, like drapes or light fixtures.

If you have more money and time to spend on your kitchen, say a weekend, check out this video from The Home Depot:


No matter what your budget is, there is always something you can do to help spruce up your kitchen. Kitchens are probably one of the biggest selling points of your home, so take your time and do it right. Remember that when you spend money on your kitchen, that money you will get back when you sell your property.

Looking for more on how to sell your house? Check out these great blogs:

Home Truths Blog
Home Light Blog
Sell Your Home Fast Blog
For Sale By Owner Blog
Zillow Blog

We have not received any compensation for writing this post. We have no material connection to the brands, products, or services that we have mentioned.

Bathroom Upgrades To Sell Your House In 2018

So the elections are well over. We must admit we did have some serious concerns about how the markets were to which ever person was elected president. After Trump was elected we were still concerned about what was going to happen. As of today, we are optimistic about the future of the markets, and the real estate market as well.

The market continues to look good. With new homes being built still not keeping up with demand, prices continue to rise for properties that are put on the market. This is good news if you are a seller, bad if you are a buyer. However in parts of the country we do see some homes sit on the market longer than others. So what can you do to ensure your property sells quickly in 2018? Make sure your kitchens and bathrooms are up to date as well as nice and clean. Here we will cover how to get the most out of your money for bathrooms.

Giving Bathrooms New Life To Help Sell Your Home Quicker

It’s no secret that the usual two big selling points of a house are the kitchen and bathrooms. While location and nearby schools also make a difference, there isn’t a lot you can do about that for your house that you are getting ready to put on the market. However, you can make your kitchen and bathrooms the nicest in your neighborhood that are for sale to ensure a quick sale of your property. HGTV gives some great advice on this:

“I tell clients if you do a complete gut of a bathroom down to the studs and rebuild from the ground up, you are going to spend $14,000 to $20,000, depending on what [features] you put into it,” Perrin says.

Is that too much? “The kitchen and bathroom sell a house,” says Ken Perrin, president, Artistic Renovations, Cleveland, Ohio. “And most people buy the most expensive home they can afford. So they don’t want to buy a house with a kitchen or bathroom that need to be worked on. That emotional tie is with the house where the kitchen and bathroom are in good condition.”

Ultimately, you want buyers to envision themselves in your bathroom. But you should enjoy the space while you’re living there and include the fixtures and features that will make the bathroom comfortable for your lifestyle. “Too many people say, ‘I want to move, so I have to remodel my bathroom,'” Perrin says. “Then they immediately sell their house. Do it and enjoy it, and if you do it well and it’s quality workmanship, you’ll get your money out of it because the house will sell.”

Read all of the article”Tips for Remodeling a Bath for Resale

14 to 20k, that’s not chump change. Unfortunately a lot of homeowners simply don’t have that kind on money to sink into a property before getting it ready to sell. There is good new though, there are a few things that you can do on a tighter budget to make sure you sell your house fast.

Simply painting, cleaning or redoing grout and maybe some new fixtures can help breath new life into a dreary, worn out bathroom. Jenna Burger has some additional tips for updating your bathroom on a budget:

2. Hardware

The layers of any space are key to making it unique and interesting. An easy upgrade in a bathroom is adding or changing the hardware on the bath cabinet. I’ve found that bath cabinets often don’t have any knobs or pulls, and once added the cabinet always comes alive. The cheap builder-grade vanity in my master bath had no hardware, so using a drill, I drilled 2 holes, added crystal knobs, and now the “black dress” is accessorized!

3. Lighting

I feel the light fixture in a space is so important. A fixture can truly make or break a room, and typically I live by the motto GO big, or GO home! How many of you have those old eye-ball style fixtures with 3 or 5 or 7 bulbs across and every time you walk into the bath you cringe because it’s so bright? {It’s okay to raise your hand}. Ditch em’! I’m all for good light in a bath space, but you don’t need a blinding light that is glaring into your eyes every time you enter. Upgrade to a fixture(s) that is different and maybe not typical for a bathroom.

I’m still loving the $17 light that I found at Lowe’s for my powder room. The ‘before’ light was fine, but expected. This light is functional + exciting >

4. Flooring

I know, it sounds like a big, scary project, but it doesn’t have to be! As you may know, I continually profess my love for groutable luxury vinyl tile (LVT). It’s a quick, easy (no experience needed), and budget-friendly way to cover up the ugly mess of a floor that you may have. And if you don’t have an ugly mess of a floor, you might just want a change and LVT flooring is the answer. There are also a bunch of other flooring out there that you may love and adore, but either way, new flooring will truly jazz up a bathroom hands-down!

Read all of “5 Ways to Update a Bathroom on a Budget

Great tips! If you do decide to tackle the flooring just becareful about the materials you choose because not every flooring is suitable for being used in a bathroom because of the water and humidity that it will be exposed to.

With these tips you will be able to bring new life into your tired bathroom. In the end it will most definitely help your property to sell faster.

Want to know more? Check out these additional articles –

Getting Bathrooms Ready To Help Sell Your House Faster

Cheap Bathroom Remodel

Bathroom Remodeling Ideas

We have not received any compensation for writing this post. We have no material connection to the brands, products, or services that we have mentioned.