We buy old houses in Philadelphia. When you’re in a position where your home needs repairs or its old and weathered even if you’ve been inherited an unwanted home no matter your situation we buy homes for cash. Here’s how we do it. A lot of times a wholesale deal happens between you, a wholesaler, and an investor. Investors are looking to purchase your home no matter the condition and will pay cash, so closing can happen within 14 days and they will have an all-cash offer for you within 48 hours. Most the time you don’t have to pay anything out of pocket as the investor pays all the fees.
The reason these investors want to buy the property is for a couple of reasons.
- Investors buy homes in this condition so they can make the repairs and flip the home.
- Sometimes they keep them for themselves as they see a lot of value in the property and use them as investment properties for themselves. They will then put a renter in the home, most investors have property management companies that they use or do themselves so that they can create passive income.
- Investors are constantly looking to purchase homes no matter the condition. And close quick, by doing this they want to be able to cover their overhead on other properties.
I hope that I was able to provide some value for you and give you a bit of knowledge. Remember, wholesalers are here to help and they are everywhere!