A locally based corporation HBR Colorado has recently expanded the cities that they are buying homes in with cash. HBR is a real estate investment company based out of Colorado Springs that purchases homes quickly with cash in one week or less. Investors buy homes with cash with the goal of fixing them up and then reselling them back on the open market for a decent profit. Sometimes, they will run into unforeseen repairs and end up losing money on the deal which makes investing in real estate a huge gamble, albeit a profitable one.
Arvada is a large city west of downtown Denver that is home to thousands of residents with quarter-million dollar homes. The average home selling price in Arvada is roughly $300,000 and the days on market is very low for this area as well. Once a home is listed on the market it typically has several offers within the first two weeks and is typically sold in 28 days. Arvada provides close access to Denver, many beautiful parks, and a whole host of recreational activities, night clubs, and entertainment venues.
One major reason that someone would be looking to sell their Arvada house fast is that they don't have enough time or money to spend fixing up their home to get it ready for sale on the open market. When this is the case, choosing a local home buying company that can pay instant cash for a home is probably the best choice. Oftentimes, property buyers will even allow the homeowner to remain in the property for up to 30 days after the closing date, which is another highly attractive proposition for people who have personal property and junk stored all throughout their homes.
Investors tend to be very flexible when they buy houses to give people incentives to want to work with them. It's easy to find out about the public opinion on various companies these days with all of the massive review sites out there such as the BBB, Yelp, Google, Merchant Circle, Foursquare, and others. All it takes is a quick google search of the companies name to uncover a plethora of online reviews where real verified customer feedback is available for all to see. After an overall consensus about one particular home buyer is gathered, the homeowner will have a much better idea about how to proceed with the sale of their home.
Selling a home to an investment company like HBR Colorado is not a good fit for every situation, however, and many people will find that the offers that a property buyer will give them are extremely low. This is because the investment firm needs to ensure that the deal will be profitable before they can purchase it, and this means running formulas and calculations that are typically at 30 - 40% discounts off of retail price, minus repairs. However, there are still a lot of homeowners out there who value speed and flexibility over getting top dollar for their homes, and more investment companies are being started each year with the goal of flipping homes for a profit.
SOURCE: Press Advantage [Link]
HBR Colorado is a professional home buying company based in Colorado Springs, CO who buys houses with cash in one week flat all throughout the state of Colorado.
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