Need to sell house STAT and desperate

[Anonymous]

Anonymous wrote:If the house is truly worth $540k after you fix a few things, then $495k is not a bad offer, and getting to $500k sounds reasonable. I'd go for that.

I'm surprised, frankly. Those type of house buying places tend to low ball by 20%.

Exactly. The house is worth a lot more than $540 for them to be offering $495. They fix up and resell. That's their business model. There is no Profit buying a house worth $540 that needs work for $495. Get a Realtor to tell you what it's really worth before you make a dumb decision

[Anonymous]

The OP doesn't have the funds to fix it up themselves and they would loose 5-figures to both real estate agents. Not to mention repair concessions. Give it to the we buy houses people and move on in peace into 2017.

[Anonymous]

Anonymous wrote:The OP doesn't have the funds to fix it up themselves and they would loose 5-figures to both real estate agents. Not to mention repair concessions. Give it to the we buy houses people and move on in peace into 2017.

So that automatically means they should blindly give away any equity that they might have to the first company that offers to buy their house at a bargain to them below market price? Without even Determining the true value? Suppose it would still attract good offers and sell quickly at a discounted price to account for repairs needed but not so steep a discount?

[Anonymous]

Anonymous wrote:If you're willing to sell for $500k, then counter the We Buy Houses people at $500k. Seems simpler than trying to find another home buying firm and hoping for more.

(I think you should go stay at a friend's house a few nights a week while you fix it up and sell it in the spring, but acrimonious might mean something less extreme to me than it does to you.)

YES! Just counter, sell it and be done with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The OP doesn't have the funds to fix it up themselves and they would loose 5-figures to both real estate agents. Not to mention repair concessions. Give it to the we buy houses people and move on in peace into 2017.

So that automatically means they should blindly give away any equity that they might have to the first company that offers to buy their house at a bargain to them below market price? Without even Determining the true value? Suppose it would still attract good offers and sell quickly at a discounted price to account for repairs needed but not so steep a discount?

Not pp but what kind of offers? What is peace of mind worth to you?

[Anonymous]

Anonymous wrote:If the house is truly worth $540k after you fix a few things, then $495k is not a bad offer, and getting to $500k sounds reasonable. I'd go for that.

I'm surprised, frankly. Those type of house buying places tend to low ball by 20%.

This is true. If they offer you $495 your house is likely worth $50-80k more. Make sure you know how much it's really worth. Have you met with a realtor? Perhaps the repairs aren't essential.

[Anonymous]

Consult a realtor to get a market analysis and weigh that against your current offer. But if you need to pay for the peace (sell at $500k and move on) do that. Some people are greedy and dont get that sometimes you have to make hard decisions to get to a better place