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Who will buy my house if it needs work?

I'd have to spend significant money to fix foundation and a few other things prior to placing on the market.  Are there entities out there that would buy my home for a reduced price?
  • August 25 2013 - Dallas
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Answers (8)

Yes, I'm seeing many investors who are willing to purchase a fixer upper.  Bare in mind that they'll likely purchase your home at a substantially reduced price.
  • December 01 2014
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Profile picture for willconnunlimited
All of these are great recommendations but at the end of the day it depends on how quickly you would like to sell the property. I would recommend that you contact an Investor. Investors have the ability to see past the damage, work with contractors or are contractors so that are aware of the cost to repair items. The best part is they will pay CASH for the property as long as it makes sense based on the area, the amount of repair truly needed and ensure it will be cost effective.  I hope this helps.
  • November 25 2014
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Yes, most likely it will be an investor who can see past the required work. 
IF there is significant work it may not be able to get the traditional finance for a buyer  (FHA,VA LOAN) which would reduce your pool of buyers.
But yes priced right it will sell.

Best of luck!
  • September 18 2013
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Absolutey.... pricing a home is the most important thing...contact 3 local realtors for a more accurate opinon....go to agentmachine.com
  • September 02 2013
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Profile picture for sunnyview
For houses with condition issues, cash buyers are a good option, but you also might be able to get a conventional buyer (depending on the bank and condition) with a higher down payment that might qualify.

The house will probably not go FHA so I might state that in the listing, but there are others who will by your house if the price is right.
  • August 26 2013
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Some all cash investors have vision beyond what meets the average eye. So,  an investor or flipper not concerned with lender financing and subsequent non-loan approval due to foundational or structural problems might be a good prospect to buy your house.
  • August 25 2013
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Someone will buy your house if it is priced low enough. Make  sure you disclose any and all repair issues to the potential buyers.
  • August 25 2013
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There is a buyer for every property. Have a few contractors come out and give you quotes as to how much the repairs costs would be and consult a local agent or appraiser to see what investor/buyers typically want for discount over price to repair. Keep in mind if the foundation needs repair the buyer will most likely not be able to obtain a mortgage so it will need to be a cash buyer. In an area as big as Dallas I am sure there are investors who would be interested to buy, repair and resale.
  • August 25 2013
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