Selling a home for cash to a real estate investor, want to make sure we are not being taken advantage of, without spending big bucks. What do you suggest?
2006-08-24 11:18:31 · 7 answers · asked by Janice 10 7 in Business & Finance ➔ Renting & Real Estate
Hirer a real estate appraiser. They will give you their professional opinion, supported by factual data as to the value of your home. They make the same $$ (about $500) regardless of the outcome of the appraisal - so they aren't in it for a percentage or any other vested interest. Good Luck!
2006-08-24 13:11:19 · answer #1 · answered by clueless 3 · 0⤊ 0⤋
If an investor is looking at your home and making a cash offer, they know something you don't know. Maybe your in a hot area, and want to think about if you should sell at this time. Investors no their business for the most part. Find out what it is from a local realtor, newspapares, or your local cdc.
A deal is a deal no matter what, cash or mortgage, it's still a deal. Be more concerned with the interest that is shown in your property and why? Make sure you have your paperwork brokered by a real estate agent or attorney. When dealing with a realtor, which I am, ask to see the comps for your area. Then together you two can up with an almost exact match of what your home should sell for. In this market there should be know reason for over priced listings. Good Luck!
2006-08-24 11:58:53 · answer #2 · answered by phillysrealtor 1 · 0⤊ 0⤋
Well, you need to be equally as careful that someone, such as an attrorney doesn't kill a good deal just because it has creative financing. Also, don't ask the advice of a Realtor, because they'll scorn and regard with contempt anythng that isn't a conventional type of deal.
I would ask on www.creonline.com and feel free to post any question. Although it's a site for real estate investors, people on there are "straight shooters" and they will let you know honestly whether or not you're getting screwed or if the transaction is beneficial to you.
2006-08-24 11:25:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Contact a real estate broker and tell them you are thinking of selling your home and ask them to assess the value of your home and what they think they can see it for. They may overestimate it's value, so a good rule of thumb is to figure within 10% of what they believe your home can sell for.
2006-08-24 11:25:45 · answer #4 · answered by trickygirlb 5 · 0⤊ 0⤋
Have the home appraised by your own agent or call another real estate from another agency to have them do it or recommend someone for you.
2006-08-24 11:25:57 · answer #5 · answered by S.A.M. Gunner 7212 6 · 0⤊ 0⤋
the house is still yours. therefore, you make the call on the selling price...if they wanted it they'll buy it if they don't then there is no deal.
2006-08-24 17:18:24 · answer #6 · answered by alandicho 5 · 0⤊ 0⤋
ask a competitor of his.
2006-08-25 03:47:51 · answer #7 · answered by Piffle 4 · 0⤊ 0⤋