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.
Edit: Thanks everyone. I knew they were scammy/scummy but several of the replies cleared up how they operate, and it’s scammier than even I was thinking. Back to buying my weekly lottery ticket and hoping for the best. 🤞
lol, yeah.
I went through inspection and appraisal 5 years ago when I refinanced, so that’s all fine. But I would lose my insanely good mortgage (15 year at 2.2% APR) and have to start again with whatever current rates are though I could likely put down a very large down payment.
I wasn’t seriously considering the offer so much as wondering how legit it was in preparation to sit down and think about thinking about considering the offer lol. But the replies here have cleared up how predatory these offers are, so, yeah, it’s going in the trash with the rest of the similar offers.
Lol the shit hole state part was all the damning evidence I needed.
Yeah, it just isn’t worth it. Selling is, all things considered, pretty painless, especially if you have no work needed. Just sit and listen to offers, and try to determine which ones are real people vs private equity if you want. Although when I sold mine, we had people literally break our counter during a viewing? Lmao so that kinda sucked but it was a minor inconvenience.
Lmao it was surreal. The next viewing was there early in the driveway waiting to go in, and they heard a like crashing noise, then the people inside quickly left, and made it a point to say “yeah the counter was already broken” and just dipped lmao. The 2nd groups realtor told ours, because obviously why wouldn’t they lol