Renting out a condominium can prove to be very lucrative, and renting to family members can remove many of the hassles of renting. However, sometimes family can take advantage of generosity. That’s exactly what happened to Lynn and Robert. They were renting a condo out to their nephew and his friends in Alexandria, VA, but soon ran into some problems.
Their nephew had stopped paying rent.
He and his friend had fallen way behind in paying their rent. And, on top of that, they had actually caused substantial damage to the property. Lynn and Robert decided that they couldn’t put up with it anymore, and decided to sell the condo.
They were in their 60s, and didn’t want to jump through all the hoops associated with selling their condo the traditional way. So, they did some searching for home buying companies, but didn’t feel very comfortable with the majority of the companies they found.
Then they found Express Homebuyers.
After doing a bit of research, they found out that we have an A+ rating with the Better Business Bureau, and so they decided to contact us. They explained the situation with the tenants and that the property would need some repairs. After their explanation, we gave them a ballpark offer and decided they would like us to view the home.
We met with them to do our viewing and gave them our final offer. They were extremely pleased that we could purchase the property as-is so they wouldn’t have to worry about taking care of the repairs. They decided that the offer was fair, and wanted to close in a week. We signed the agreement that day, and in a weeks time had the title. We completed the paperwork at their home so they wouldn’t have to do anything after meeting us to show the property, and the deal was closed.
Do you have a damaged home that you want to sell?
We buy all kinds of property as-is in DC, Maryland and Virginia. We’ll even buy homes that are in foreclosure! If you want to sell your house in as little as 7 days, then there’s no better company than Express Homebuyers. We’ve been purchasing homes in VA, MD, and DC for over 10 years, and we’re accredited with the Better Business Bureau, so you know you can trust us. Contact us to get the selling process started today!