I contacted the "UG" We Buy Ugly Houses company, you might may recognize their clay like cave man signs throughout your city. I am an investor in Detroit, MI and I own quite a bit of property and I had a few houses I wanted to unload dirt cheap just because I wanted to free up some capital.
So I contact them and it took them a tad bit longer than I had expected to get back to me but they did. The woman gathered some info from me and after doing her research told me that they are only buying homes in my area for between $10,000 & $15,000... I was no happy with the numbers but on one property I hppen to be exactly $15,000 into it investment wise so I said what the hell, I dont mind breaking even on one property, so we schedule for them to come out and evaluate the houses.
I meet the guy who I will not reveal his name, lets just call him "JT" at the house and i will say "JT" turned out to be a real cool guy, he was just doin his job when he told me that Homevestors would only give me $3000 Cash for my house.
Lets keep in mind that when i purchased the home i paid almost double that and it was fire damaged, so i sunk another 10-12k into it with all new windows, plumbing, electricial, paint, doors, the works, and here I am being told hey they will offer you $3000. And this house a year ago had an $80,000 mortgage on it.
My advice is for anyone thinking of selling your home to them you wasting your time and your better off selling it through an agent, I did a tad bit more homework on this company and it seems they give you more of the run around more than anything else, and if you do sell them your home they are gonna turn right aroung and sell it for 20 times more than what they give you for it all along telling you they can sell your house for alot but once the papers are signed they are asking for more than what they told you they could even put it on the market for.
Stay away from www.homevestors.com
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