What Does “Physically Distressed” Really Mean?
Physically distressed properties can come in many forms, from minor cosmetic damage to severe fire damage and everything in between. In real estate terms, a fixer is usually defined as any property that does not qualify for traditional bank financing. That lack of financing can make selling a challenge, but at Fair Share Properties none of it scares us off. We’ll buy homes in any condition and make the entire transaction as smooth as possible for you. Here are some types of “physical distress” that we’ve encountered: