October 28, 2020
We bought this Algiers property that was in very bad condition
We bought this Algiers property that needed a lot of repairs. The house needed a significant rehab with lots of holes in the walls and floors, cracks and belongings to clean out. The house had been vacant for several years and at one point there were squatters living in it. While the house needed a lot of work, it also had a lot of potential as well. It was a classic New Orleans house with high ceilings and while most people see all the issues we see the potential. We buy houses like this all the time and enjoy putting our time. money and expertise into bring it back to its former glory.
Houses that need repairs like this generally need to be bought by a cash buyer as the banks won’t offer financing on properties in this condition. We buy with cash in As Is condition so you don’t need to make warranties or be responsible for the condition of the property. This also allows you to sell your house fast as we don’t have all the bureaucracy associated with getting finance approved.
The owners of this property had intended to repair the house themselves but had never got around to it. In the meantime they were paying taxes while squatters and time was eroding the value of the property. In the end they decided to just turn the house into cash and move on with their lives. They were really happy to sell the house and be done and we were happy to have a new project to work on.
If you know someone that has a house like this needs lots of repairs in Louisiana then let them know that Home Buyer Louisiana could be a good buyer for them. We also hold rentals and don’t mind buying houses that have tenants (even if they are bad tenants). We are always happy to offer advice on different options you have to sell your house so don’t hesitate to reach out to us to discuss your situation.
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