We Buy Homes As-is for Cash

Faced with the challenge of an off-market, probate sale in Union City, California, Wedgewood Homes’ reliability helped agent Sohrab Sangha provide his client with the perfect home-selling solution.

Selling a home can have its share of challenges. Beyond packing, decluttering, repairing, and pricing, market trends can vary and change quickly and unpredictably, affecting the chances of finding a buyer. But what if the home is in probate and also requires extensive renovations? That was true for a Union City, California, family and Bay Area realtor, Sohrab Sangha, who was faced with selling their property. Sohrab needed to find a solution to the family’s challenges of selling their “fixer-upper” home as is, which, in Sohrab’s words, “needed a ton of work.”

Sohrab turned to Wedgewood Homes to help him resolve a difficult situation. Having partnered with Wedgewood Homes to complete over 20 real estate transactions, Sohrab has come to appreciate the team's reliability, which enabled him to transform a fraught scenario into a positive outcome for the overjoyed family, who had almost given up hope.

“Off-market was their only option.”

When a homeowner passes away, their home may need to go through a probate sale, a legal process involving the court and the heirs of the deceased. A probate sale can be complex and lengthy, as it may face legal challenges, heightened emotions, and family disagreements surrounding the sale of a home with tremendous sentimental value for many people. A probate sale requires the court's approval and the consent of multiple heirs who may have different opinions or interests regarding the property. This can make the probate sale take longer and pose more challenges than a regular sale.

“This process took about a year and a half,” said Sohrab. “The owners specifically wanted a private sale. They didn’t want neighbors and other family members to know they were selling.”

In addition to the probate sale, the dilapidated home was a “fixer-upper” and required significant renovations. “Several family members wanted to fix the home themselves, but they didn’t have the funds. There were safety concerns with the property that would have made a lender flag it — no buyer would have received approval for a loan,” Sohrab said.

Sohrab and his team offered to connect the homeowners with a service that would provide the necessary funds to complete the renovations; however, the home would then need to be listed on the MLS, removing the possibility of a private sale. “Off-market was their only option,” said Sohrab, and it became clear that locating a suitable investor was his team’s best option for achieving a timely sale.

Wedgewood Homes Offers the Best Solution

Sohrab is no stranger to working with investors; he does so on 75 percent of his transactions. When he put out the details of the off-market listing to his local investor network, the sellers received nine offers — including one from Wedgewood Homes.

“Wedgewood Homes was the best offer they received,” Sohrab said. His clients wanted to sell their property as-is, and “they did not want to deal with the hassle of removing all of the belongings left in the home.” After completing the sales transaction, the sellers also wished to rent the home back, and Sohrab was happy to inform his clients that “Wedgewood Homes was able to make it happen.”

Sohrab’s clients chose Wedgewood Homes over the other eight offers because of the company’s successful experience with completing sales transactions, according to Sohrab. While smaller, less experienced investors may back out or fail to secure financing, Wedgewood Homes’ offer was “the most reliable. Wedgewood Homes always performs.” This means that home sellers – and their agents – can trust Wedgewood Homes to provide quick and convenient selling options for their homes.

Wedgewood Homes Remains Sohrab’s Top Choice

Sohrab has been living in the Bay Area for almost two decades, and his education and career have given him a keen interest in working with real estate investors and investment properties. He earned his bachelor’s degree in business administration and economics from Cal State, East Bay. He then joined a major international investment firm that managed $150 billion in private and institutional funds.

Sohrab utilizes his financial background and network of real estate experts, such as contractors, designers, and lawyers, to provide high-quality services and dependable results for his clients. Sohrab remains very satisfied with partnering with Wedgewood Homes because they are trustworthy.

Sohrab said that partnering with Wedgewood Homes guarantees success because they are a leading company in the real estate industry. “There’s no reason the deal won’t get done. There are no cold feet because Wedgewood Homes is such a big player.”

When a Greenville, South Carolina, homeowner had to relocate for a new job, getting his home sold became an urgent necessity. Find out how Wedgewood Homes created a solution that saved thousands.

You’ve just landed your dream job, complete with a move to a fun new town. Great news, right? While it’s exciting, an out-of-state job relocation comes with its own logistical challenges, including the question, “How — and how quickly — can I sell my current home?”

For Greenville real estate agent Daniel Truelove, helping his clients during a relocation to Raleigh, North Carolina, meant figuring out how to sell the home without making costly repairs. He turned to Wedgewood Homes to put together a deal that got his sellers to the closing table and allowed them to focus on getting settled in their new hometown.

“The sellers were having a tough time covering two mortgages”

When Daniel Truelove’s seller clients moved out of state to Raleigh at the end of August, they were experiencing a significant financial challenge relocating to a new home. They had paid thousands of dollars in out-of-pocket moving expenses and were carrying the mortgage on two properties — one in Raleigh and one in Greenville.

“The [Greenville] house looked great on the outside and would have appraised around $300,000,” said Daniel, based on comparable properties in the market. However, there had been plumbing issues upstairs that had caused leaks — and damage. “Because the homeowners were no longer local, they weren’t able to get repairs done easily.”

Once potential buyers saw the unrepaired damage to the home’s interior, they no longer wanted to make an offer. Still, Daniel was going to the home to mow the lawn and do what he could to keep it ready to show at all times.

Next, the sellers purchased materials to renovate the home. They were planning to pay a contractor to do the work so that it could show well and sell. When they couldn’t get repairs scheduled on time and on their now-limited budget, they decided they’d just have to continue to drop the home’s price until someone, anyone, decided to buy it.

The logistics involved in facilitating documents and signatures for the home sale process, trying to keep the house in showing shape from a distance, making major repairs, and carrying the cost of two mortgages—along with two homeowners policies, two utility bills, and two property tax bills—were becoming increasingly difficult.

Along came Wedgewood Homes with a cash offer

As a real estate agent, your job is to solve problems for your clients, offering them options and doing what’s best for them as a fiduciary partner. In this case, Daniel knew that he needed to find a solution that would help his clients get out from under their underperforming Greenville home.

Daniel knew about Wedgewood Homes’ cash offers and believed they’d be a good fit for his clients. Because there are no contingencies and nothing left to chance when working with Wedgewood Homes, Daniel and his clients were confident that the sale would be a “done deal.”

Working with Wedgewood Homes isn’t like working with local investors, Daniel said. “The speed of being able to close quickly and the guarantee that funds will be available” provides peace of mind for both Daniel and his clients.

“Wedgewood Homes’ promptness during the transaction was crucial for my clients because they wanted to sell the home quickly. It was never difficult for us to get hold of someone when we had a question, and the process moved along quickly,” said Daniel.

Finally, Daniel’s clients were free to turn their attention to building their new life in Raleigh and leaving behind the stress of their move. Thanks to Daniel and Wedgewood Homes, they can now enjoy peace of mind and excitement for their future.

Because he was able to get this deal done under adverse circumstances, Daniel made a big impression on his clients. “Their feedback was nothing but positive about the experience of working with both me and Wedgewood Homes.”

Facing the time crunch of foreclosure, Wedgewood Homes helped North Charleston, South Carolina agent Bela Amato provide an exceptionally quick sale.

In real estate, there’s a saying you’ll see on contracts, contingencies, and offers: Time is of the essence. Real estate deals are complex, and their timelines are often tight. However, South Carolina agent Bela Amato recently found herself working with an unusually small window of opportunity to help a North Charleston family facing foreclosure.

Fortunately, Bela turned to Wedgewood Homes to create a plan that allowed her clients to save their home from foreclosure and “salvage a little bit of savings as well,” she said. When timing is everything, you can trust Wedgewood Homes to handle all of the details, even under a time crunch.

"It's another great cause that my work with Wedgewood allows me to support," Bela said.

“They were running out of time”

A South Carolina family found themselves in a challenging situation, struggling to make their mortgage payments and falling further and further behind. They had listed their home on the MLS, hoping that a timely traditional sale would help them avoid foreclosure.

However, the same financial difficulties that had made it hard for the homeowners to keep up with their monthly payments had also meant deferred maintenance and less money for updates and upgrades designed to appeal to buyers in their market. Long story short, their home needed some work, making it less appealing to buyers who were looking for a move-in-ready purchase.

In addition, the homeowners needed to find a buyer who was ready to move forward — and close quickly. When buyers pulled out of a contract at the last minute with the home scheduled for auction within days, and with it, the threat of losing all equity that had been earned -- that’s when Wedgewood Homes stepped in.

“Wedgewood Homes saved [these sellers] from foreclosure, and they were able to pull the home from the auction. Wedgewood was able to provide a contract and send earnest money quickly,” Bela said.

In the meantime, Bela was able to speak to the judge and attorney and pull the North Charleston home from the auction floor.

“The timing of the offer was perfect,” she said. “Wedgewood was able to ratify the contract on a Friday, and the sale was scheduled for that next Tuesday. It was a tight window with many phone calls and jumping through hoops, but Wedgewood got it done!”

Working with Wedgewood Homes was a game-changer in Bella's ability to complete a quick sale. “These sellers had been distraught, and they were extremely thankful that they were able to make the sale happen and salvage some of their equity before going to foreclosure.”

Why work with Wedgewood Homes

Bela loves working with Wedgewood Homes and is thankful for the services they provide. “Every single person I work with at Wedgewood is awesome. They’re extremely responsive and make my job easier.” If she had to rate them, Bela said she’d give “11 out of 10 stars!”

Bela works throughout South Carolina’s Tristate region, and her favorite clients to work with are first-time home buyers. “They are always super thankful and excited. I love to see their smiles once they close on the house and have keys in hand,” she said.

“I love what I do and can’t imagine doing anything else,” Bela said. I’m grateful to be able to help on the listings side and am looking forward to even more success with Wedgewood Homes in the years to come!”

Not all listings are market-ready, either due to condition or financial factors, and listing agents need to be able to provide options for their clients. A cash offer from Wedgewood Homes provides an “easy and helpful” solution for the homeowners Bela works with. “There aren’t any inspections, repairs, contingencies, loans or appraisals needed in the transaction,” she said. “In this market, my clients are still able to be successful.”

Beyond the professional perks of working with Wedgewood Homes, Bela is able to support her community through her work with Wedgewood Homes. As a “huge animal lover,” Bela is always raising money and helping out at her local shelter. For every home she sells, she gives a $50 donation. This year, through her work with Wedgewood Homes, she was able to raise $1700 to help animals in need in her area.

“It’s another great cause that my work with Wedgewood allows me to support,” Bela said.