Recent data from the California Research Bureau indicates that while "We Buy Houses" signs are common, corporate ownership actually accounts for only about 2.8% of single-family homes in the state. Understanding the "We Buy Houses" Model
Approximately 88% of these operators are actually wholesalers who do not intend to buy the house themselves. Instead, they sign a contract with the homeowner and then sell (assign) that contract to a final investor for a fee. Common Pitfalls vs. Benefits “We Buy Houses”: You Lose Out | Nowak Metro Finance Lab WE BUY HOUSES CA
A 2023 study by the Nowak Metro Finance Lab at Drexel University analyzed "off-MLS" transactions where homeowners sold directly to investors. The research found that these homes sold for an average of 51% less than comparable homes listed on the open market. Recent data from the California Research Bureau indicates