The quick answer to that question is no.
We are local cash house buyers in the North East and work with local home owners who need to sell fast. The home owners we’ve worked with come to us with all kinds of reasons for needing to sell fast.
But one of those is that the house is rundown and in dis-repair and they just don’t have the time, money, or patience to make the repairs needed to be able to sell it fast on the open market with an estate agent.
But here’s the “official” reason we’ll buy a house in any condition in and around the North East property market.
Why Cash House Buyers In North East Will Buy A House “As-Is”
Since we buy houses with cash and don’t need to get bank approval, so no long and messy mortgage applications to process… we have the flexibility to buy local North East houses in any condition.
Normally traditional banks won’t finance a house if it’s in disrepair, this is often overlooked and is a major cause for properties falling through! If the property isn’t deemed habitable then the bank won’t actually lend int he first place, cutting out the large majority of buyers and options for the seller.
They see it as a risk and won’t lend on the normal “fixer upper” house.
That leaves a lot of home owners in our area without a good option to sell the house because 95% of the buyer pool has to get a traditional mortgage to buy a house.
That’s where we come in.
Here at North East House Buyers, we are cash house buyers in North East. Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your house for cash… then us and our local partners fix up the property, beautify the neighbourhood, and rent it “move-in” ready to a happy new home owner.
We pay for all of the repairs.
We pay for the legal costs.
We do all of the work, so you don’t have to.
Our goal is to make the whole process as hassle-free for you as possible, so you can move on with your life and put this house behind you.