Selling because of major repairs
Big-ticket repairs are what kill a retail sale. A conventional buyer's lender will not sign off on a house with a failing roof, a cracked foundation, active water intrusion, or a dead HVAC, and even a cash retail buyer tends to discount for the work and then some. Covent buys as-is, prices the work ourselves, and closes without asking you to fix a thing.
The expensive repairs are usually the ones that come due at the same time on an older house: roof, HVAC, windows, water heater, and sometimes the foundation or sewer line underneath all of it. Faced with that list, most owners cannot justify spending money on a house they are leaving, and most retail buyers cannot finance it. That is exactly the gap a direct as-is buyer fills.
Yes. Those are common, and we underwrite them every day. Condition never disqualifies a deal. It only changes the number.
We buy teardowns for the land, including structures that are unsafe to enter. Tell us up front and we will handle access and safety.
We buy across every market we serve, on our own balance sheet and through a network of over 500,000 active, vetted investors.