those companies that claim to buy your house with cash not matter what condition, or how big or small, etc etc?
Does anyone know how much of the appraised value they give you or does anyone have a personal experience with these companies???
2006-07-20 05:53:33 · 5 answers · asked by Rolly 2 in Business & Finance ➔ Renting & Real Estate
I buy properties cash. Of course, I buy it at a discount in order to turn around and sell it quickly. I take a percentage of the lowest comps (to protect my all cash risk) minus the cost of selling it and subtract any repair costs and 2 months of holding cost. Most of my customers are facing foreclosures or are in foreclosure or do not have enough equity to sell the place and pay comissions and closing cost. I enjoy my job because I get paid to help people who would have lost everything.
If you have equity, I suggest you use an agent. Pay the listing agent 1% and the buyer's agent 4-5%. This will make both agents work harder to find a buyer. Also offer cash at closing and/or seller financing. I would also walk into every real estate office in your area and tell them about the 4% commission and offer them a 2k bonus if they find a buyer.
If you need to sell fast (even if you don't have equity) and you're in Southern California, contact me. Since I am a licensed broker,I am able to help you in ways that a private investor cannot and I disclose everything because I could lose my license and get fined where a private investor doesn't have to disclose anything.
Regards
2006-07-20 19:33:22 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I would hire a real estate agent. It's the job of an agent to get your home sold quickly, and remember, we are motivated by a quick sale cause we get paid when you do! Your agent will help you decide the best way to sell your home and advise you on the price, etc. I would stay away from any company that says they buy your home in any condition, etc. because they will gouge you in order to turn a profit when they resell it.
2006-07-20 14:12:18 · answer #2 · answered by akc1106 4 · 0⤊ 1⤋
Go with both, call the company and get a idea of what they are willing to pay, then call a real estate agent and what they would price your place at to sell it in 2 weeks. Then figure out which would net you the most.
2006-07-20 20:52:47 · answer #3 · answered by GaryODS 3 · 0⤊ 0⤋
It is not worth it if you can wait and sell it on your own. You will be able to discount it so it sells quickly, but you can be certain those types of companies are going to give you the least amount possible. Try talking to friends or family and see if they or someone they know might be interested in buying it at a discount without involving a realtor.
2006-07-20 13:06:40 · answer #4 · answered by WJW 2 · 0⤊ 1⤋
You may get about 80% of the value. They have to be able to resell for a profit.
2006-07-20 12:56:09 · answer #5 · answered by travelguruette 6 · 0⤊ 0⤋