Kyle Handy

JANUARY 20, 2023

When flipping houses, you’re not just looking for distressed sellers. You want to purchase a property from someone who needs to sell it at a fair value and then renovate it using your knowledge, skills, and connections. A house flipper isn’t just a real estate investor when done right. Expired Listings 2.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

HomeLight

JULY 31, 2021

Famous for its ubiquitous yellow billboards along the interstate featuring a shaggy-haired caveman, HomeVestors of America — better known as the colloquial We Buy Ugly Houses® — has become a household brand in the U.S. We Buy Ugly Houses® was founded by (wait for it) a real estate agent!

House Flipping 96

House Flipping Investor Renovation Sales 96

HomeLight

AUGUST 31, 2021

“You make a phone call or answer some questions online, agree to an offer, and then it’s not something you have to worry about anymore,” says Doug Van Soest , owner of a house flipping company in Southern California, in describing the typical way things go. Even if you’re selling “as is”, an inspection could still be required.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 21, 2022

Not all sellers have the time or budget for hefty renovations necessary for a proper listing, and that’s OK. House flippers look for specific improvements to boost equity, such as cosmetic updates, mechanical repairs, an addition, or a change to the layout. Example house flipping companies: HomeVestors / We Buy Ugly Houses.

Closing costs 96

Closing costs Home sale contingency Investor Closing 96

HomeLight

FEBRUARY 16, 2023

The company will ask you to provide information about your house and property. Some We Buy Houses groups will make a preliminary offer shortly after you submit the request. However, the initial offer is typically subject to change after they have inspected your home. The company performs a walk-through. out of 5 stars.

Purchase and sale agreement 83

Purchase and sale agreement Closing costs Closing Investor 83

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. How do ‘we buy houses’ companies work? These investors purchase a house in poor condition “as is” for less than market value (generally between 50% to 70%). Source: (Joshua Hoehne / Unsplash).

Purchase and sale agreement 108

Purchase and sale agreement Investor Agents Sales 108