The quick answer to that question is no.
We are local cash house buyers in Detroit Michigan and work with local home owners who need to sell fast. The home owners we’ve worked with come to us with all kinds of reasons for needing to sell fast.
But one of those is that the house is rundown and in dis-repair and they just don’t have the time or money to make the repairs needed to be able to sell it fast on the open market with a real estate agent.
But here’s the “official” reason we’ll buy a house in any condition in and around the Detroit market (including other cities in Michigan).
Why Cash House Buyers In Detroit Michigan Will Buy A House “As-Is”
Since we buy houses with cash and don’t need to get bank approval… we have the flexibility to buy local Michigan houses in any condition.
Normally traditional banks won’t finance a house if it’s in disrepair.
They see it as a risk and won’t lend on the normal “fixer upper” house.
That leaves a lot of home owners in our area without a good option to sell the house because 95% of the buyer pool has to get a traditional loan to buy a house.
That’s where we come in.
Here at Detroit Real Estate Investments, we are cash house buyers in Detroit. Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your house for cash… then us and our local partners fix up the property, beautify the neighborhood, and sell it “move-in” ready to a happy new home owner.
We pay for all of the repairs.
We pay for the closing costs.
We do all of the work, so you don’t have to.
Our goal is to make the whole process no hassle for you, so you can move on with your life and put this house behind you.