Laurie Thompson admits she needed to sell her townhouse in Smithville, Ont., fast.

The pandemic had done a number on her finances — the bar where she worked had shut down, twice — and rising interest rates meant her monthly mortgage payments of $2,000 were going to almost double last January. Thompson was facing foreclosure.

“I was desperate,” she told Go Public.

Thompson had seen street signs and posters in her neighbourhood — companies offering to pay quick cash for houses. She’d even received what appeared to be a hand-written flyer in the mail, advertising a hassle-free cash sale — no renovating, open houses, or Realtor commissions.

She hit the internet and found a company with positive reviews and attractive promises called Honest Home Buyers Incorporated (HHBI), based in nearby Hamilton.

  • xmunk@sh.itjust.works
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    1 year ago

    Honestly, a lot less disastrous than I thought it’d be. She used a sketchy realtor to sell her house but still got 90% of the value.

    And, maybe this is just the Vancouver in me talking, but expecting two months to sell a house, wat?

    • HubertManne@kbin.social
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      1 year ago

      yeah 90% aint bad. I looked up the ug buys ugly houses thing and they evaluated the price fully renovated then took out the expected cost of renovation and then like an additional 30%.