One: A Rule Change Made Us Less Competitive Here
The expensive thing to say, so it goes first.
Until recently a burned lot in this city was worth roughly what a replacement house on it was worth, less the cost of getting there. A cash buyer competes reasonably well in that arithmetic.
Since HOME, a qualifying lot may carry up to three dwelling units by right, and those units sit outside the envelope that constrains a single house. A developer buying that entitlement is purchasing more finished product from the same ground than we are, and on a strong central lot they will simply outbid us.
Then Why Are You Still Here?
Two: We Make Money From the Gap, Not From You
Where the money comes from, since it explains our behaviour better than any statement of values would.
We buy at a discount to what the finished property is worth, do or arrange the work, and keep the difference less costs. Nothing reaches us from you: no fee, no commission, no deduction, no charge for a figure or for declining one.
The consequence is that we want to buy property where a real gap exists and we have no interest at all in property where it does not. That is why we will tell you when repairing or developing beats selling. Talking you into a bad sale produces a deal we did not want.
Does That Mean Your Offer Is the Highest?
Three: Almost Everything We Say Is Checkable
Which is the part you should use rather than take on trust.
The ordinances are published in the city's land development code. The lot dimensions, zoning and jurisdiction are on the appraisal district record. Our purchase history is in the county clerk's official records under our entity name. Whether a party needs a real estate licence is answered by the state lookup.
An owner who has checked the lot size and the mapped boundary is in a stronger position with us than one who has not, and we would still rather you did it. A seller who understands their property is faster to deal with than one who has to be persuaded of everything.
What We Buy
Fire-damaged residential property across Austin and the surrounding area, in any condition from smoke to bare slab. Inside the city, in the suburban cities and on unincorporated county land. Claims open, settled, denied and uninsured. Owner-occupied, tenanted, vacant and inherited.
Where we decline it is geography. Beyond the Austin area the rules change again and we would be the wrong buyer.
What We Are Not
Not brokers, not public adjusters, not contractors, not lawyers, and not contract assigners. We buy as principal, in our own entity, with our own funds, and we take title. Nobody else is introduced to your property between the contract and the closing.
Reaching Us
Send an address through any form on this site. Before you deal with us, work through the sequence on our page about how the process actually runs, and read the questions on our page about how to tell local cash buyers apart.