Here’s a brief rundown of a recent property we purchased in Abington, PA .
We received an inquiry through our website from a gentleman named Paul, who had inherited a property from his aunt. His aunt has been in a nursing home for the past 5 years and Paul was responsible for whatever upkeep he could manage.
The house was a real gem in its day, which Paul told us all about with the stories of parties and gatherings his Aunt and Uncle used to have. Unfortunately, his uncle passed away in 2001 and his aunt never really was able to keep up with the property even when she was living there. The house still had charm but was definitely showing signs of neglect. The kitchen, bathrooms, flooring, and décor were all original to when the house was purchased in the 1950’s. In addition, with the property being vacant for so long the basement had water damage, and the exterior asbestos siding had significant damage too. On top of all that there was what seemed to Paul as an insurmountable number of personal belongings that accumulated since his aunt and uncle had moved in decades ago. These are some of the many things that would prevent him from listing the house on market with a Real Estate Agent.
Paul was no longer living close by and really did not have the time to make the needed repairs to list the property on market. So, when he reached to us, he was looking for 3 things: A Cash Offer, a Quick Close, and no fixes (As-is).
We booked an appointment to meet him at the property and within 15 minutes of being at the property we had presented him with a cash offer, a closing date that he picked, and the ability to take only the items he wanted and to leave the rest behind. No repairs, no inspections, no false promises.
9 days later we were at our title company signing papers and Paul was on his way with substantial sized check. A substantial sized check that Paul shared with us was more than the other 2 companies he had tour the property prior to our appointment.
We buy houses fast and fair. We always end up offering more than our competitors because we can. We make up for it in our construction costs. Our full-time construction team gives us an advantage that most real estate companies and wholesalers can’t compete with. That is how we constantly put more money in our sellers pockets.
In this situation Paul was able to relieve himself of the physical and financial burden of caring for a property he inherited and wanted nothing to do with.