843 E Calle Del Norte Street, Chandler AZ 85225
Details: 3 Bedroom / 2 Bath / 2 Car Garage
Jason C. was a young father with a new baby who needed a larger home to accommodate his growing family. The home they were in was essentially a starter home, and needed repairs that he couldn’t afford to make, and still be able to afford to move his family into a larger home.
The first challenge this seller faced was that the house had a significant structural issue because of an addition that had been made 10 years earlier. The patio was converted into a bedroom, and though the construction was properly permitted and performed, the ground had shifted, causing the foundation to crack, so that the bedroom was actually separating from the house. The second challenge for the seller was that the property was “underwater,” he owed more money on the house than it was worth. This meant that – in order to sell the property so he could move on – he had to add the money that was still owed on the property himself. The final challenge was that every other “expert” he had consulted had told him it was impossible to fix the problem with the foundation and the separating bedroom, and that his property was essentially worthless because it was impossible to sell in this condition.
What Fair Property Buyers Did
When Jason contacted us and laid out the entire story, we met him within a day to look at his home, and the issue with the bedroom that was slowly detaching itself from the main house. Because our team at Fair Property Buyers has a background and a great deal of experience in the construction industry, we can actually see how to deal with the issues a home may have from a structural standpoint. We understand what needs to be done, we know how it can be done, and we can make an accurate and honest assessment of what it will take to make a property viable. This means we can accurately assess what the current value of a home really is – as is, even when there are significant defects that need to be dealt with, something that most buyers and/or realtors can’t do.
The End Result
We were able to give Jason and his family a fair cash offer within a couple of days, which was more than any other buyer could – or would – give. His father stepped in to loan him the additional money he needed to sell the home, and we closed in 2 weeks. Jason had the money in hand, and was able to put an end to the financial drain of a home that had become a money pit. This was a situation that could have ended very badly for this young family. Because we were able to offer Jason a solution that no one else even had, he was able to keep his credit intact by avoiding a short sale, and move his family into a home they could grow into, rather than outgrow.