August 17, 2020
We bought this Metairie house in As Is condition
We bought this Metairie house in As Is condition. The seller inherited the house from his father awhile ago and now he was ready to sell it. He wanted to move to Florida and didn’t want to spend the time or money updating the house to list on the market. We just wanted a simple transaction where he didn’t have to make repairs, stage the property or have open houses. He just wanted to sell the house fast and move on. We were able to give him the price he wanted and he was excited to be able to pay off all his debts and have enough cash to set up him and his fiance.
The house was in reasonable condition. There were new floors but everything was dated. There was old wallpaper in the entry, the kitchen cabinets were not up to the standards buyers are looking for in Metairie. There was a hole in the ceiling in the garage and few other things that needed to be repaired. The house needed $30K put into it to make it what homeowners are looking for. This is the sort of work we like doing and wasn’t something the seller wanted to do himself so it made perfect sense for us to buy the house in As Is Condition. Since we are cash buyers we don’t have to wait around for financing to be approved and don’t need to get the same rigorous inspections. Once we agree on a price we can close as soon as the title work is done. In this case his sister was living there so we worked around her being able to find a new house.
If you have a house you are looking to sell and think selling it to a cash buyer might be a good option then reach out to us. We are always happy to give advice and help you see the different options you have.
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