Who was the company and what was your experience?
2006-11-25 12:25:11 · 4 answers · asked by Karen T 3 in Business & Finance ➔ Renting & Real Estate
Unless you are in a bind and need quick money or need to sell your house in a week, you should definately not use one of those services. Their business is based on buying homes under market value, making some repairs upgrades (like "Flip this House") and reselling at a profit. The best thing for you to do is consult several Realtors and have them give you a Comparitive Market Analysis on what they think your home would sell for--they will do that for free--or hire an appraiser $300-$400. Then call one of the "we buy houses" people and have them give you a bid. I guarantee their offer will be significantly less.
2006-11-25 13:16:23 · answer #1 · answered by Scott B 3 · 2⤊ 0⤋
I got a quote for a place I was selling in the San Antonio area last year. It was an insult! I sold it a few months later for $25,000 more than they offered.
If you have plenty of equity and absolutely, positively MUST close quickly it might be worth considering. If you're over a barrel it can be a way out without trashing your credit but you WILL lose a chunk of equity.
2006-11-25 13:57:40 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I buy houses in the same manner and I agree with your first response. Some even take it a step further and ask you to commit mortgage fraud by asking you to give money back at closing in exchange for allowing you to live in the home.
Regards
2006-11-25 14:00:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yes i have scam artists
2006-11-26 04:54:43 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋