you know on some websites how they say 'will buy any home in any condition' or 'we buy ugly homes!'.. do they give you a fair price for it? like what you would normally get if you sold it to someone? i am very skeptical and i do not want to lose out on thousands of dollars.
2007-11-29 14:14:16 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Do you actually think that they'll pay you Fair Market Value for your home? Answer: NO.
They buy with margin enough to fix up (or not) and turn it around for market value.
The key is the need of the Seller. You're probably desparate if you contact those types of places, so at that point they've got you by the "shorties".
I've heard as low as 75% of market value. So, like others have said... Find out your market value and go from there.
Good luck!
2007-11-29 16:09:46 · answer #1 · answered by Art 4 · 0⤊ 0⤋
That's exactly what you'll do .....lose. They (the buyers) are out to make money like any other business. It's called flipping, where they buy a house cheap, sock a few dollars into it to make it appear more appealing, and sell it for as much profit as feasibly possible. Usually a lot more than it's worth.
2007-11-29 14:27:34 · answer #2 · answered by Sonny 4 · 0⤊ 0⤋
you may continuously furnish. imagine about attempting yet another realtor. Banks opt to public sale it because it is going to often herald a larger fee than promoting it to you before the regular public sale. in case you would possibly want to promote some thing immediately for $10 that expenditures you $5, might want to you? How about in case you would possibly want to possiblty make $20+ day after today and nonetheless have a reserve of $5 so that you'll not lose any money besides...that are you able to choose?
2016-10-25 05:07:19 · answer #3 · answered by ? 4 · 0⤊ 0⤋
you need to be careful with any company like that.. they know you are most likely desperate to sell your home so you are not going to get "top dollar".. i would suggest finding a realtor and see how they can help you sell your home.. because the market isnt the best you may have to go lower than its worth but its better than being ripped off by one of those companies... found some really good real estate home selling information.. it may not be for your area but i think it will be helpful...
http://www.goduckcreek.net/
http://www.goduckcreek.net/HelpCenter.html
2007-11-29 23:22:05 · answer #4 · answered by Pure Genius 3 · 0⤊ 0⤋
If you are selling to them, they know that they have you "over a barrel," so to speak, so you can bet that they are going to undercut the appraised value by a lot, and then turn around and sell the home for a higher price.
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2007-11-29 14:22:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
At best, you will be offered about 70% of fair market value. Those folks aren't Santa and Mrs. Claus. They are in the business to make money, and that's how they do it.
2007-11-29 15:28:40 · answer #6 · answered by acermill 7 · 0⤊ 0⤋
They have to make a big profit on buying selling and some fix up to pay the wages of everyone.
2007-11-29 14:26:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
have it appraised than go from their in florida u loose alot it depends why u have to sell
2007-11-29 14:25:13 · answer #8 · answered by MeanMax61 3 · 0⤊ 0⤋