Yes, I know they’re scummy as fuck. Yes I know they’re gonna turn it into yet another overpriced rental. But I’m mostly asking if they’re otherwise legit.
I get those offers all the time and typically shitcan them immediately. The most recent offer I got is for twice what I paid for the place, and honestly, it’s enough to be my ticket out of this backwards-ass shithole state. Otherwise, barring a surprise lottery windfall, I’m stuck here for the foreseeable future.
Assuming all is above board, the main concern I have is if it’s worth that much to them, wouldn’t it be worth that much to me? FWIW, I like my house and my neighborhood, but it sadly exists within a shithole of a redneck state where I’ve been disenfranchised all my life, and I want the fuck out of here.
What’s wrong with the traditional route? A Realtor will list any house. Just empty it out, sweep it clean, and put it on the MLS. If you ask below market it will sell. If the price is right, it will sell the first day on the market. You don’t need to do anything more than clean it. No painting, no staging. You can probably even sell the house as-is, if repairs are needed.
You’ll come out better than with the scam company, even with paying the commission.
I suggest researching your market. No one is offering more than your house is worth, more likely you just don’t realize how much your house is worth at the moment. But, you should also research wherever you want to move to, of course.
Nothing wrong with a realtor, but I’d have to have somewhere to move to while it’s on the market which could be any length of time. I only skimmed the offer, but it mentioned something about transition period for moving, etc.
I was mostly hoping this would let me short-circuit the usual process of selling and moving, letting me get the money for it, and find somewhere temporary while I look for something permanent.
Other than just wanting out of this awful state, I really don’t want to move/sell. I’d worry about finding another job later as I work remotely now but am expected to go in on occasionally so couldn’t work from another state for too long.
But as the replies have made clear, this entire industry is more of a scam than I assumed it already was, so I’m just gonna keep buying lotto tickets and hoping for the best.
During the sales process, you have to clear the inside and the near-outside of your house of junk: Throw it a way, put it away into storage, fill your garage to the gills with it, rent one of those driveway storage containers
I go through houses on sale that have the owners still living in them all the time…
It’s not easy, it’s not quick, but is it worth to you the multiple $100k’s that you can get for your house?
You are absolutely right, but the time frame for a traditional house sale is still in the month range, at least. The only way around it is a cash buyer that voids all inspections, because just coordinating a mortgage, appraisal, inspection, and mandatory repairs takes some time.
If you are lucky, you’ll find a cash buyer with no contingencies, but it’s rather rare, depending on how (little) desirable the property and the location are.