Drive down just about any major road in this country and you’ll probably see the signs: “We Buy Homes Fast!!”
They’re often loud and obnoxious. They offer quick cash settlements. Sometimes they mention ugly homes. Have you ever considered calling the number on one of those signs? Ever wonder what they’re all about?
First thing you should do is find out what your home is worth. This is where an appraisal is needed. Why go into a negotiation without any information. Contact the appraisers at www.scappraisals.com for your appraisal and value questions.
These signs are put up by real estate investors. There are a million flavors of real estate investor but these signs most likely belong to a real estate flipper or a wholesaler and they’re looking for the really incredible deals. If you’re looking to get top dollar for your home, then don’t waste your time calling these guys. If you have a home that needs major work and you don’t have the time or desire to deal with tire kicking home shoppers, home inspectors and contingencies of all sorts, then these guys might be worth considering.
Call the number on a sign that offers a quick, cash closing and you’ll probably get someone who will offer you about 50 to 60 percent of what your home is worth in top condition. It’s very unlikely that you’ll be offered any more than that.
Let me tell you why. When I’m considering a home, I budget in about 15 percent in costs just associated with the process of buying and selling the home. There are transfer fees, taxes, and attorney fees when I buy it, plus real estate agents and seller concessions (what the seller agrees to pay toward the buyer’s closing costs) when I sell.
Read more at: http://www.washingtonpost.com/blogs/where-we-live/post/selling-a-home-to-a-real-estate-investor/2012/12/11/5907944e-40bb-11e2-a2d9-822f58ac9fd5_blog.html
Disclaimer: for information and entertainment purposes only
Green Real Estate Appraiser 