September 9, 2020

Our founder talks to Malik Mingo about selling problem properties

Our founder Aussie Steve caught up with Malik Mingo to discuss the process of selling problem properties and how Home Buyer Louisiana helps people looking to sell a house. In the interview you will learn how Home Buyer Louisiana buys problem houses or buys houses from people with problem situations like foreclosure or bad tenants. Malik probes into the house selling process to learn what the normal experience is for someone who is looking to sell their house direct to an investor. Steve explains what the process is like for someone selling their house to Home Buyer Louisiana and what a typical experience looks like for a seller.

Malik dives into when it is best to sell your house through a real estate agent and when it is best to sell direct to cash buyer. Steve explains that most people should sell through a realtor. When your house doesn’t need repairs and you have the ability to stage it and hold open houses a realtor will get the most people through the property and help you find a home owner who will get emotional about the house. When someone is emotional about the house they will pay more and you will get top dollar. He says that it makes the most sense to sell directly to an investor when the house is dated, needs repairs or you can’t stage the property for open houses. In these cases it can make sense to sell to an investor who buys rationally based on the value of the house, cost of repairs and a targeted profit margin. They don’t care if the house is messy or there are lots of things to repair, they just need to figure out what needs to be repaired and what the cost will be.

Malik also finds out about Steve’s background and how he sold out of his Australian business and came to New Orleans for a vacation with his family and fell in love with the City and never left. The interview should give you a good understanding of the process to sell your house As Is for cash and understand more about Home Buyer Louisiana. If you are thinking of selling your house and want to discuss your situation more don’t hesitate to give us a call or fill in our online form. We are always happy to discuss your options and see if we are a good fit as a buyer.


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