Professional renovators who purchase distressed properties at a discount (often around 70% of the After Repaired Value, or ARV), fix them up, and resell them for a profit.
Some buyers specifically seek out old houses because they value historic character and craftsmanship. who buys old houses
Buyers will look for signs of neglect, such as plumbing leaks or roof damage, which suggest expensive future repairs. fix them up
Foundation issues or cracks are major red flags that can significantly devalue a property. who buys old houses
This is the most common group for houses that require significant work. These buyers are often looking for properties to "flip" or turn into rentals.
Selling an Old House? Here's How to Get the Best Offer Fast!