Vijay and his wife owned a rental property in Dayton that took a bad turn. The tenant's negligence caused a fire, and between the fire damage and the work required to get the property back to a financeable condition, a traditional listing was off the table. Most retail buyers can't get a mortgage on a fire-damaged home, and insurance paperwork added another layer to an already frustrating situation.
On top of that, the property had been assessed a massive water bill — the kind of number that could swallow whatever proceeds were left. The sellers assumed they'd have to eat it at closing.
When we looked into the water bill, something didn't add up. The usage reported didn't match the property. We worked with the utility to get the bill reviewed and ultimately corrected, saving Vijay and his wife a significant amount of money that they would have otherwise paid at the table.
We purchased the property as-is for cash — fire damage and all — in just a few weeks. Vijay didn't have to negotiate with retail buyers, wait on a fire-loss insurance settlement to clear, or dispute the water bill on his own. We handled the condition, the bill, and the closing.
"The fire was bad enough. Then they hit us with a water bill that couldn't possibly be right. They actually got it corrected for us. I didn't know a cash buyer would go to bat like that."