Why We Buy Houses
We are a local business that specializes in buying properties for investment in the Hampton Roads area. Sometimes we buy the ugly houses that require a lot of repairs other times we buy houses that are listed with brokers or for sale by owner (FSBO).
Just like any business we must make a profit but we don’t do it at the expense of our customers. We typically make our profit because of who we know such as contractors, painters, carpenters, landscapers and real estate brokers. We generally purchase enough properties in any given year to allow us to get discount prices on repairs, listing fees, materials and labor. This is what allows us to be successful in business. Despite what many may think our profit percentage is usually in the single digits but we are efficient enough to be successful.
We have many ways that we purchase properties including paying all cash. The situation of the seller dictates the type of transaction that we can agree upon. Some sellers need all cash while others are happy to agree on terms. Terms can include a portion of cash with the remaining balance payable in X months or years.
We buy houses to make a profit but we don’t buy any property if it is not a good fit for us or the seller. We believe in win/win situations and ultimately don’t make any deals unless they are such. Contact us today to see how we can present a win/win solution for you.
