We Buy Ugly Homes
Who Is We Buy Ugly Homes?
What is the deal with those billboards that proclaim “We Buy Ugly Homes?” It is actually a make money in real estate in franchise business looking to, yes, buy homes. Considering that it does take $46,000 dollars to get a We Buy Ugly Homes franchise and then the advertising costs before the first home purchase, these franchisees are a legitimate source of home buyers. Understand though, they are looking for bargains. The We Buy Ugly Homes franchise purchase also comes with a two week training course, coaching, designated territory, and specialized software that is all designed at one aim- buying homes below market value. Reportedly that value is 65% of market value. The remaining 35% margin is for renovation and presumably profit. Also, the renovation should also increase home estimate value, but that would not be the home seller’s question/issue.
Is We Buy Ugly Homes Good Source Of Buyer's?
We buy ugly home buyers would be good sources to sell rental properties. If you have rental properties that have not been kept up or were trashed, if 65% of home estimate value for a quick cash sale seems like a worthwhile deal then they would be ones to call. Also, if a quick sale or short sale to avoid a foreclosure or bankruptcy is plausible, then again they would be the one’s to give a call.
Some people inherit properties in bad neighborhoods, because the late elderly relative bought and paid off the house when the neighborhood was much nicer. Trying to sell these homes on the market can be difficult because no one wants to buy a home to live themselves in a bad neighborhood. However, a we buy ugly home investors may be the perfect buyer as they are looking for rental properties. A house can also become distressed after a natural disaster, the market collapsed and no one is buying because the disaster is too fresh in the mind. Again, we buy ugly home investors would be prime buyers of such properties, especially if it was a once in a 100 years type of occurrence.
Actual we buy ugly home franchisees also have custom financing available through their franchisor which goes a long way in today’s credit market. Also, they have a true system they use to buy and ultimately profit from distressed homes. This is good for quick home sellers because the bust of the real estate bubble left many would-be house flippers in bankruptcy. The media has noted the bulk of bank home foreclosures are from real estate investors. Meaning that real estate prospectors are not what they once were, which make we buy ugly home investors all the more important.
Finding we buy ugly home investors is easy as they are aggressive in their advertising with billboards, mailings, television and radio spots, etc.
