Laurie Thompson admits she needed to sell her townhouse in Smithville, Ont., fast.
The pandemic had done a number on her finances — the bar where she worked had shut down, twice — and rising interest rates meant her monthly mortgage payments of $2,000 were going to almost double last January. Thompson was facing foreclosure.
“I was desperate,” she told Go Public.
Thompson had seen street signs and posters in her neighbourhood — companies offering to pay quick cash for houses. She’d even received what appeared to be a hand-written flyer in the mail, advertising a hassle-free cash sale — no renovating, open houses, or Realtor commissions.
She hit the internet and found a company with positive reviews and attractive promises called Honest Home Buyers Incorporated (HHBI), based in nearby Hamilton.
Honestly, a lot less disastrous than I thought it’d be. She used a sketchy realtor to sell her house but still got 90% of the value.
And, maybe this is just the Vancouver in me talking, but expecting two months to sell a house, wat?
yeah 90% aint bad. I looked up the ug buys ugly houses thing and they evaluated the price fully renovated then took out the expected cost of renovation and then like an additional 30%.