June 16, 2023

Can you sell an unfinished rehab?

Can you sell an unfinished rehab? Absolutely, we buy them regularly just like this one in Gentilly. Flipping a house can be hard and even experienced rehabbers run into problems sometimes. If you have run out of time, energy or cash then selling the property to a cash house buyer like Home Buyer Louisiana can be a good option. Watch the video of our Founder Aussie Steve talking about a property we bought like this in Gentilly.

Video Transcript

“Hey guys, this is Steve from Home Buyer Louisiana. We buy houses in any condition in Louisiana. I’m here at a property that we’re purchasing in the Gentilly area of Orleans Parish. Excuse the sweat, it’s very hot outside. Obviously, there’s no AC in this house.

The seller of this house reached out to us because he had actually bought it to flip. He had done some framing and electrical work, but he realized it’s a really big project that would require more time, money, and effort than he was able to give. So, he decided to sell it in as is condition. He reached out to us, and we were able to come to terms on a price.

It’s not uncommon for someone to bite off more than they can chew when it comes to flipping houses. It’s a challenging endeavor, and we’ve had some difficult projects ourselves, so we understand how it can be. However, we have become quite adept at it. We don’t mind taking on big projects like this, although this one is huge. It spans two levels and is over three and a half thousand square feet. It will require a large crew to complete.

With these big projects, rehabbers often face a dilemma. This house is much larger than other properties in the area, which makes it attractive to buyers who like big houses. However, people won’t pay the same price per square foot for a three and a half thousand square foot house as they would for a two and a half thousand square foot house. The cost to renovate such a large house is significant. You’ll need to buy more lumber, materials, sheetrock, tile, and flooring, which can be expensive. Unfortunately, the returns on investment tend to diminish when dealing with very large properties, especially if the area doesn’t have many houses of similar size.

In this case, the person who purchased the house couldn’t manage the costs and didn’t have a crew capable of handling such a big project. That’s why they reached out to us, and we’re glad to take on a project like this. If you have a house you’re looking to sell, whether it’s a flip that you don’t want to finish or a rental property with troublesome tenants, we buy houses in any current condition for cash. We make the selling process easy and quick since we don’t require extensive inspections or bank financing. We use our own cash to close the deals.

If you’re looking to sell a house that needs work, please reach out to us or visit our website at homebuyerlouisiana.com. You’ll find plenty of information about selling your house to Home Buyer Louisiana.  Thanks so much, guys! I’m gonna go ahead and take a shower now.”


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