How much does an "I buy homes" company usual offer?

Question

Or should I say, how much below appraised value?

Answer 1

Becareful....They will only offer you about 60-70% of the real value....And if you do sell it to them, make sure to transfer title to them and your mortgage gets paid off!

Answer 2

I am actually a real estate investor. I have paid from 50% to 90% of fair market value. Fair market value is not always appraised value, for example, California appraisals may be high for their current market.

Each house has it's own criteria, how fast does someone need out of their house, what kind of shape is the house in, how is the market, etc. Actually very much the same things a real estate broker asks for.

We can "usually" close faster than someone going thru a broker will, and often closing quickly is all someone wants. Where I live, it can take 60 - 120 days to close.

Personally, I try to make it a win-win deal for everyone. I try to buy houses at enough of a profit, after fix up, to feed my family. And I try to sell it to couples with kids who might not be able to get a house normally and will carry the note for them for a year that way they can refinance.

There is no hard fast rule on how much we buy below since none of the investors I know go off appraised value, we go off fair market value.

Answer 3

Most often, whatever you owe on the property. Make SURE that they pay off your mortgage! There are scammers out there who will give you a couple thousand and get you to sign a deed over to them. They place a tenant and collect rent (without paying on the mortgage) for a few months until it's foreclosed on. The mortgage company goes after you.

Answer 4

Depends on many factors but typically they will offer 10 - 20% less than they can sell it for quickly.

Answer 5

Usually less than the tax assessed value...

Answer 6

Wholesale or less pricing and do make sure the papers are changed or you'll get bent over

Answer 7

Well below fair market.