Are any of those signs you see that say "I Buy Houses" really legit? Do you know anybody who does that? I've had my house for sale for three months now with no offers. I really want to get rid of it in the next 2 months because we're going overseas for a few years. The bank suggested doing a short sale (selling for less than its value), but my realtor doesn't know anything about that. Her contract is expiring soon and I want to get this done. Any suggestions would be appreciated. By the way, it's a beautiful almost new house on a great piece of property in Dell Meadows subdivision. 2400 square feet, currently listed at 235k.
Typically, from what I understand, they are going to be investors looking to buy your home CHEAP so they can make money. Be very, very careful. If it sounds too good to be true, it is.
Yeah they aren't going to want to give you anything near what the house is worth. You'd be lucky to get the payoff from them, but I even doubt that. They like the folks that are about to lose their house. I know how frustrating it is to be in your position. I was there myself this time last year. Hang in there and when you least expect it, it will happen! I know you've heard that before but it is so true. Good luck!!
I'm not a realtor or anything ... but it always seems like the homes sell faster in my neighborhood over the summer. I could be wrong, but it seems like many folks wait until school lets out to make a move. That's not very long from now.
Before we moved to JoCo, we were desperate to get out of Raleigh. We contacted one of those companies - and we eventually just sold FSBO. I wish I could remember what company it was, but I can't. They wanted us to sell it to them SO much cheaper than what it was worth. Then they turn around & rent it out or sell it. It was a good 30% less than market value. We were miserable there - but not THAT miserable! :lol:
Tell your realtor she gets double her percentage if it sells within the next month. If it doesnt sell in that month, the next month she only gets half her percentage. They tend to work ALOT harder if pushed for time and money.
Short sale should be a last resort before foreclosure. You are asking the bank to take less than what your loan is for the house. It will reflect badly on your credit. Ask you realtor what the average days on the market is for your neighborhood. What have comparable homes sold for in your neighborhood? Is you house priced right? Offer an incentive for to selling agents. You give $500 or $1000 to a selling agent that brings you a client who puts in a good offer and buys your house. If your agent's contract is about to expire ... you may want to find another agent who is more aggressive and more knowledgeable. Do you have any equity? Try cutting the to the point you make no profit but walk away without owing. Another option before short sale is to cut the price even if you have to pay some of the closing cost or realtor fees out of pocket from other savings.
I know folks that buy houses like that. Yes, they give you below market value. However, if your house is in good condition, many times the amount they offer is very close to what you would get from a sale where you had to pay a real estate agent's commission. Usually, they also can close quickly which is good if you need to sell in a hurry. I know it is not for everyone... if you can sell your home and make a profit, that is definitely what you should do. However, if the home needs repairs, is nearing foreclosure, or you need to get out quick, those folks that invest in real estate can be life-savers. I'm sure some of those folks are predators. If I were considering that option, I would contact at least 3 of them and let them give you their best offer.
The best advice I can offer is hang in there. Things seem to have picked up dramatically in the last few weeks. Homes I had that were getting NO showings, had several this past weekend with serious buyers. I am hoping the same for you in the near future! Good Luck!
While many of these our legit dealings, be very careful when dealing with them. I've heard that although they represent themselves as buying out your mortgage, be very careful that your name doesn't remain on the mortgage title or any other piece of paper that cooresponds with the banks, mortgage company or at the court house in any way, shape or form. Read all the fine print and by all means get a lawyer involved to make sure things are on the up and up.
Since someone asked: here's the listing for the house. Not sure how to get it to appear as a regular link. Feel free to PM me if you want additional information. Seems to be competitively priced, but there are a lot of houses for sale in my area. http://www.realtor.com/search/listi...1691cffc&lid=1094572496&lsn=8&srcnt=19#Detail Wish me luck.
Looked up your neighborhood on how.com. Based on the mls #, a house about the same size and price as yours has been on the market much longer than yours. Do you know why that house has not sold?
