The quick answer to that question is no.
We are local cash house buyers in Phoenix AZ 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 Phoenix market (including other cities in AZ).
Why Cash House Buyers In Phoenix AZ Will Buy A House “As-Is”
When we purchase homes using cash instead of relying on bank loans, it grants us the freedom to acquire properties in AZ irrespective of their condition. Traditional banks typically hesitate to finance houses in disrepair due to the risks involved.
The advantage of our cash-based approach is twofold:
- Cash Transactions and Flexibility:
- By sidestepping the need for bank approval, we expedite the buying process and gain the flexibility to consider properties in any state—whether they need minor touch-ups or major renovations.
- This flexibility allows us to see potential where others might not, as traditional lenders often steer clear of properties that require significant repairs.
- Challenges with Traditional Bank Financing:
- Traditional banks usually have stringent criteria for property condition when granting loans. Houses in disrepair might not meet their standards, making it challenging for sellers to find buyers relying on bank financing.
- Our cash-based approach eliminates these limitations, enabling us to take on properties that may not qualify for traditional bank financing.
Ultimately, our ability to purchase homes with cash allows us to embrace opportunities that traditional financing might overlook, empowering us to invest in properties and revitalize them, benefiting both sellers and the community.
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 Red Rock Properties, we are cash house buyers in Phoenix. 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.