How to Sell Your Visually Unappealing Property to We Buy Ugly Houses

Understanding the Process of Selling Your Unattractive Home to We Buy Ugly Houses

Are you wondering if there's a company interested in purchasing homes that need significant repairs? Fortunately, We Buy Ugly Houses specializes in buying such properties. If your home is in poor condition or in a challenging location, you might consider this option instead of traditional sales. While you’ve likely seen their billboards, many are still unaware of how their process works.

Below, learn how this company operates and what you can expect in terms of payment for your property.

What defines an unattractive property?

In this context, "ugly" isn't just about aesthetics—it's about structural or situational issues.

Questions surrounding what makes a house qualify as "ugly" vary among homeowners. Common factors include:

Homes with structural damages

Properties in undesirable neighborhoods

Properties tied to painful memories like divorce or financial hardship

Houses with problematic mortgage conditions

Homes far from work or amenities

Foreclosed properties

Inherited houses with problematic tenants

Properties affected by termites, water, or roof damage, or that are very old

How does the selling process to We Buy Ugly Houses work?

Follow these steps to sell your home through their service:

Provide property details: Contact them online or by phone, and share basic info such as size, age, condition, and location.

Inspection appointment: They will schedule a visit within 24 hours for an assessment of the property.

Receive an offer: After the assessment, you’ll get a cash offer which is non-negotiable—accept or decline it.

Close the sale: If you accept, pick a closing date and sign a purchase agreement. They often offer flexible closing timelines since financing isn't required.

Get paid: Once finalized, cash is usually in your hands within two to five weeks.

What is the valuation?

The company aims to purchase houses at a discount, often around 50% to 70% of the property's after-repair value (ARV). The actual amount depends on various factors, including the property's condition and location. They typically follow the 70% rule—paying no more than 70% of ARV minus repair costs—to ensure profitability, but offers may sometimes be lower, such as 50% or 60% of the ARV.

Should you sell your house to them?

If you're in a financially vulnerable situation, selling to We Buy Ugly Houses might be an option, but beware of scams. It's recommended to do thorough research before proceeding. The company is generally reputable, with positive reviews and industry awards, making it a good choice for properties that are hard to sell through traditional means. Still, weigh the pros and cons carefully.

Advantages:

Fast transaction process

Recognized success by industry outlets

They cover closing costs

Capable of buying any ugly property

Disadvantages:

Often pays below market value

In summary, if you choose to sell your unattractive property, ensure you review all documents thoroughly to avoid scams. Working with We Buy Ugly Houses can be beneficial for quick sales, especially if your home is difficult to market, but always proceed with caution and research.