My husband and I house apprasied for $120,000 and we owe $81,000 on it. There are three vacant homes on our street and several in the subvision that has not been able to sell going on a year now. They are priced between $109,000-$116,000. All of the homes are ranches as well as our w/ 3bd 2 full baths and one car garage, 22 years old. We don't want to go through the hassle of having to wait for it to sell and the high prices realator charges. The house needs about $5000 worth of repairs and updates that needs to be done. We don't want to rent it out because we want to use the money from the sale to put down on a new home. We the we buy ugly option be a good idea for us. Do anyone want know if these are legits compays? We are in Metro Atlanta. Thanks in advance.
2006-11-15 06:31:22 · 3 answers · asked by BB 2 in Business & Finance ➔ Renting & Real Estate
They are real estate investors looking that buy properties (in many cases like yours). Look into HomeVestors http://www.homevestors.com/. Tread carefully. I buy ugly houses too. Any real estate investor will. There are some unscruputlous people out there, so be careful. HomeVestors is nationwide and I they attend the real estate investor group belong to.. The reason I mention them is they have the campaign - "we buy ugly houses".
Good luck!
2006-11-15 06:43:18 · answer #1 · answered by BlankProfile 3 · 0⤊ 0⤋
Yes, this is a real company called HomeVestors. You can see their website at http://www.homevestors.com.
I'd go to bbb.org and look for HomeVestors to see about any complaints about this company. I haven't heard anything about them personally, just seen the signs.
You're probably not going to get a lot of money out of your house as these people specialize in buying houses wayyy cheap and turning a huge profit. I found this article.. .might be interesting:
http://www.fredbernstein.com/articles/display.asp?id=138
2006-11-15 06:44:18 · answer #2 · answered by starryeyedhaze 3 · 1⤊ 0⤋
Do you have a phone number for this company? You can go to the Better Business Bureau's website and put in the phone number. There may be some reports on this company (good and bad). This may help you to decide what to do.
2006-11-15 06:42:53 · answer #3 · answered by Lizzie 5 · 0⤊ 0⤋