 home buying companies (by melinda [MD]) Jun 7, 2023 9:29 PM
 home buying companies (by Ed [CA]) Jun 7, 2023 9:52 PM
home buying companies (by Robert,OntarioCanada [ON]) Jun 7, 2023 10:00 PM
home buying companies (by Ken [NY]) Jun 7, 2023 10:14 PM
home buying companies (by ned [AL]) Jun 7, 2023 10:29 PM
home buying companies (by Ed [CA]) Jun 7, 2023 10:46 PM
home buying companies (by Don [PA]) Jun 8, 2023 12:18 AM
home buying companies (by BRAD 20,000 [IN]) Jun 8, 2023 1:14 AM
home buying companies (by plenty [MO]) Jun 8, 2023 7:40 AM
home buying companies (by Ken [NY]) Jun 8, 2023 8:29 AM
home buying companies (by FloridaNative [FL]) Jun 8, 2023 9:06 AM
home buying companies (by DnB [MA]) Jun 8, 2023 11:30 AM
home buying companies (by don [PA]) Jun 8, 2023 7:01 PM
home buying companies (by don [PA]) Jun 8, 2023 7:05 PM
home buying companies (by Ken [NY]) Jun 8, 2023 8:05 PM
home buying companies (by Allym [NJ]) Jun 8, 2023 10:23 PM
home buying companies (by melinda [MD]) Posted on: Jun 7, 2023 9:29 PM
Message:
Old and tired. Have some rentals that need work. Am contacting some of these companies that buy houses
What type of experiences have any of you had selling them your houses?
Would appreciate any input that you have.
--24.245.xx.xxx |
home buying companies (by Ed [CA]) Posted on: Jun 7, 2023 9:52 PM
Message:
Find out what your properties are actually worth before you contact them. My experience has been that they're bottom-feeding scavengers hoping to prey on the elderly who don't know what their property is worth, so they can take advantage of their ignorance by offering the owner a sum that is way below realistic market value. I would rather pay an agent 6% and have him work to get me the most out of the property that he can.
It's likely you may find a landlord on this site that may be interested in buying your properties for a reasonable amount. --108.201.xx.xx |
home buying companies (by Robert,OntarioCanada [ON]) Posted on: Jun 7, 2023 10:00 PM
Message:
House flippers are not interested in paying good money for house where it is better to renovate one house then sell for maximum amount then continue until everything is sold. Just painting and cleaning up will improve the value of house without doing major renovations if kitchen cabinets are solid and bathroom does not need a lot of work. I had a low ball offer for house 5 years ago where was not interested in selling now slowly renovating personal house where the value will keep increasing. Try renovating one house then see what the market will bear. It does not have to be a rental where here many houses, townhouses and condominiums are sold to become owner occupied. --74.220.xxx.xxx |
home buying companies (by Ken [NY]) Posted on: Jun 7, 2023 10:14 PM
Message:
List with an agent,you will get more than calling an individual company.Let the whole world know it is for sale.I am a WE BUY HOUSES guy,sometimes i buy a house and just list it with an agent and let the market tell me what it is worth --74.77.xx.xx |
home buying companies (by ned [AL]) Posted on: Jun 7, 2023 10:29 PM
Message:
Listen to Ed. Listen to Ken. --74.132.x.xx |
home buying companies (by Ed [CA]) Posted on: Jun 7, 2023 10:46 PM
Message:
How many properties do you want to sell? --108.201.xx.xx |
home buying companies (by Don [PA]) Posted on: Jun 8, 2023 12:18 AM
Message:
They don’t buy them, they put them under contract with a lowball offer and try to sell the contract. If they can’t, they walk away and their contracts specify that they only lose their tiny deposit. List them with an agent. --107.123.xx.xx |
home buying companies (by BRAD 20,000 [IN]) Posted on: Jun 8, 2023 1:14 AM
Message:
melinda,
Before you throw the baby out with the bathwater, what's it hurt to ask them?
DO NOT sign a contract which binds you for 3-60 days while they work to resell it before your closing. The contract can lock you out of selling it traditionally to someone else for more.
If the house needs work... in MY area... the flippers are paying decent money to get the house BECAUSE there are so few for sale.
There ARE some buyers paying full price - I'm always amazed!
I pay a licenses appraiser to calculate a legit market price. It's worth a few hundred $ to me to not accidentally sell too low due to lack of knowledge.
Realtors will run comps for free BUT understand they normally price it a little low for a fast sale - looks good on their record to sell fast.
Locally , even full price homes are selling fast if they are in good condition.
Ya just never know until you try.
BRAD --73.103.xxx.xxx |
home buying companies (by plenty [MO]) Posted on: Jun 8, 2023 7:40 AM
Message:
I've bought from such company, the big national one. Worked well from my position..still own that house today. --172.59.xxx.xxx |
home buying companies (by Ken [NY]) Posted on: Jun 8, 2023 8:29 AM
Message:
Don,I close then resell,I am not a wholesaler --74.77.xx.xx |
home buying companies (by FloridaNative [FL]) Posted on: Jun 8, 2023 9:06 AM
Message:
There are legit investors like Ken that actually buy and close then resale the property.
But there are also a ton of wholesalers you have to weed through to get to the actual investor with the ability to close. The wholesalers tie up the property as long as they can and don't have the money to actually close. They put down tiny earnest money deposits (walk away money) and sell the contract. Stay away from the wholesalers.
Actual investors can show you proof of funds and close right away (less than 30 days).
As mentioned find out what your property is worth AS IS and price accordingly. In my market investors are looking for fixers all the time. Some investors pay market, some won't go above 70% of market and there are all kinds in between the two extremes.
List it to get the highest and best cash offer. --98.211.xxx.xx |
home buying companies (by DnB [MA]) Posted on: Jun 8, 2023 11:30 AM
Message:
Get maximum exposure to the market = list it with a savvy and intelligent Realtor. MLS is gold !!
You of course do this yourself, but it could be a lot of work and you dealing with showings, offers etc. and you sound as though you are not into that. --209.6.xxx.xx |
home buying companies (by don [PA]) Posted on: Jun 8, 2023 7:01 PM
Message:
Get a lawyer to advise you re the sales contract BEFORE you sign it. Tiny deposit? NO! Liquidated damages clause + tiny deposit: NO, NO, NO! No proof of funds accompanying the offer: NO,NO,NO,NO!
Some of these jokers offer "contracts" that are based on their "inspector" (not a home inspector) approving the condition, with no objective standard. In effect, an illusory promise and not even a legal contract in my opinion. --70.90.xx.xxx |
home buying companies (by don [PA]) Posted on: Jun 8, 2023 7:05 PM
Message:
The wholesalers tout that their offers may be low, but hey, no commission, no repairs, no inspections, no closing costs. If you want a quick sale with no mortgage or repair contingencies, you can list the house that way with a real estate broker. Simply tell the broker that the house should be advertised that only cash offers in as-is condition will be considered, and you will not assist with closing costs (no point anyway if you are dealing with cash deals). --70.90.xx.xxx |
home buying companies (by Ken [NY]) Posted on: Jun 8, 2023 8:05 PM
Message:
I pay cash,they can leave nything they dont want to take with them,i have my attorney do all the paperwork at my expense,i pay filing fees,i pay back taxes owed,judgments and they get a certain amount of money so no matter what they get x amount of dollars,no adjustments so they know exactly what they are getting --74.77.xx.xx |
home buying companies (by Allym [NJ]) Posted on: Jun 8, 2023 10:23 PM
Message:
As is means nothing. they can offer you a price and then keep cutting it down until you are tired of the game --173.61.xxx.xxx |
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