I always thought these folks were kinda fly-by-night, the “We Buy Houses” crowd. Now I wonder if they are still buying houses or if they’ve flown out in this harsh new light.
As they leave, I only hope they take their ugly signs with them. The worst are the “We Buy Ugly Houses” signs. Can someone please spank those visual polluters with a credit default swap?
The We Buy House for Cash people, ALWAYS buy for pennies on the dollar. It’s the only way to make money in that business. You buy @ 30-50% of market value from distressed sellers, and unload for 60-80% of Market Value. Speed is the name of the game.
Wow! WHo would sell at 30-50% of a house’s value? That has to be some serious distress. You would get more than that with a simple auction.