Our Honest Review About Selling For CASH To We Buy Ugly Houses Companies

We’ve all seen those types of signs plastered on billboards, community bulletin boards, and yard signs littered around street corners, telephone poles, and exit/entrance ramps to the highway.

They’re Basically Everywhere!

The best and most recognized advertisement of all is the cartoon caveman on a billboard or yard sign that goes by the name of Ug Lee. Get it? “Ug Lee”…we buy UGLY houses? It may be silly, but it’s good advertising because it made you chuckle or laugh and especially because you remember it.

And then there are the postcards and handwritten notes on yellow paper, aka yellow letters in the industry, that show up in your mailbox or tucked in the front door of your house. Which sounds kind of weird, doesn’t it? Getting a personal note from a stranger that is offering to buy your house for cash?

Are These Legitimate Companies That Can Be Trusted?

Yes, but proceed with caution. Let me explain.

The signs. The letters. The postcard. The ugly caveman. They all have a buyer behind them. They all have an investor, flipper or wholesaler person or company that really is interested in buying someone’s house.

But for the right price, their price.

For them, it’s a matter of investment and most of these investors and companies are legitimate real estate experts. So don’t expect to get full price or market value when being offered cash for your house. These cash buyers are looking for houses that may or may not need some work and can be sold or held for profit.

What about the scams you hear about?

As for the scam part – that depends completely on who is doing the buying and in most cases, they’re not a scam. A scam implies that something illegal is happening and honestly, being a real estate investor, wholesaler, or flipper isn’t illegal.

Someone may think they got scammed if they didn’t know what to expect, got less money than they thought they should, or didn’t understand the risks of selling to a wholesaler instead of an investor. I get into the differences between the two in another section of this article.

Really, whether or not the seller can make any money or relieve the headache of owning the house depends on the reason the person is selling.

And, just as with any real estate transaction, there are legalities involved. And taxes. And marketing. And home inspections. And all the things that come with buying and selling a house. Things that you might not want to deal with and look for a cash buyer as a solution.

These cash buyers are one of the many options available to sellers and it is up to the seller to be fully informed about how each type of cash buyer works.

But the “We Buy Houses” and “Cash For Your House” companies are mostly 100% legitimate real estate businesses.

What is my best option?

Give us a call and let's chat to determine how to achieve your real estate goals!

Southern Tradition Realty

615-796-6081

www.SouthernTraditionRealty.com