Video Transcription
Hello everyone, Peter Westbrook here with Westbrook Real Estate Investments. And I’m standing out in front of a house that I’ve purchased. The reason that I’m here today is I want to do a video and talk to people that have houses that are in desperate need of repair. You can take a look at this one. It’s got a new roof that it needs. It needs more than just paint. There are places that have dry rot around the windows. These windows need to be replaced, they’re at least 30 years old. And there’s so much more that needs to be done. If you need to sell your house in Stockton there are cash home buyers that will pay you fair market value minus the cost of repairs. The alternative is sinking thousands of dollars into a house that may never pay you back.
But when you look at a house like this, this is not a house that you can put on the market with a real estate agent. A real estate agent is going to come out and pick out all the obvious things that need to be done and may make recommendations and some of the things aren’t going to be required that they tell you to do. And other things well, I think you can see what I mean. But when you look at this, this is not a house where you can just do cosmetic changes to. And I’m going to back up here and you can take a look at that roof there.
The roof needs to be replaced. And it’s got a full basement, the foundation is good on it. Yet there’s still cracks in the ceilings and that needs to be cut out and re-done. You can’t just fill those cracks with putty and move on. You need to do some substantial work on a house like this. So if a realtor were to look at this house and tell you, “Wow, you’ve got to put 60, 70 thousand into the house.” Well if what you have is a a house and the top of the market is worth 170 and you’re putting 70,000 into it, what are you going to get out of it? And what is the risk and return?
I’m going to walk in and I’m going to show you what else needs to be done in this house. I mean, there’s a lot. First of all, you can’t just pull paneling off the wall and call it a day and paint. What you need to do is re-texture. Second thing is, look at these tiled ceilings. These tiled ceilings need to be removed and restored to what they were. We’ve got an add-on room over here that was probably done without permits. And you know you try to sell a house without permitted work and all of the sudden those are things that get caught right away by inspectors.
But, it’s more than just that. It’s then you walk through and here’s the kitchen. There’s the dining room. And of course it needs to be trashed out as well. There’s a lot of things that have been left behind. You’ve got a wall heater, so there’s no central heat and air. We’ve got cabinets, and this kitchen is dated, obviously. You can see by the style of the cabinets itself. The sink and all of this needs to be re-done, removed. Someone looking for a house today that’s going to be paying top market is going to want to see brand new cabinets, granite counter tops, new appliances, stainless steel preferably.
Then we go through and you’re going to see the bathroom. The bathroom isn’t bad but it still needs to be redone. And the shower stalls probably very good. We’ve got bedrooms, again with tiled ceilings throughout and you can see that they’re buckling here. We’ve got a bathroom on this side. I’m going to show you this bathroom here. This needs to be completely redone. You can see where the mirror is deteriorated. The old toilet that’s here. And then the floor is buckling over here. We’ve got a bathtub and shower surround that needs to be done. These little cabinets, you’re going to see in here. This needs to be redone.
And so when you look at a house like this it needs so much work, how can you possibly, cracks in the walls. How can you, the cabinets over here that probably need to be removed and a closet restored in this room. But how can you justify doing that, hire a contractor, you’re going to pay 30% to 40% more than I do. And so what I’m going to recommend you do is pick up the phone and call a we buy houses company. Or if you know somebody that pays cash for houses. If not Google it.
My name is Peter Westbrook with Westbrook Real Estate Investments. We buy houses in Stockton, Sacramento, Modesto and Manteca. And if you have a house like this that needs repair, that you just don’t want to put another dime into, but you want to get as much as you possibly can of your equity out of it. Then give me a call, my number is 209-481-7780. I’ll sit down with you and we’ll come up with a price that works for both of us. And that’s how it works. And that’s the reason for this video. Please give me a call or visit my website, https://www.Ibuyhousesstockton.com or https://www.webuyhouessacramento.org. And either way I look forward to talking to you and thanks for watching.