- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Experience with We Buy Houses
Posted on 3/3/15 at 2:33 pm
Posted on 3/3/15 at 2:33 pm
Anyone sold their property to an investor or wholesale outfit like one of these We Buy houses companies? I'm looking for a reputable one that I can at least consider.
4
Posted on 3/3/15 at 2:41 pm to ThuperThumpin
I'd think someone would have to be desperate to consider one of those places. JMO
Posted on 3/3/15 at 2:43 pm to VABuckeye
quote:
I'd think someone would have to be desperate to consider one of those places. JMO
Ding Ding. These are companies for properties that are less than desirable or people that need crack money fast
Posted on 3/3/15 at 2:53 pm to ThuperThumpin
quote:
Anyone sold their property to an investor or wholesale outfit like one of these We Buy houses companies? I'm looking for a reputable one that I can at least consider.
Those are my signs if you see them in north Alabama.
What questions do you have?
Investors will close quick but be prepared to sell your house for 50 to 70 cents on the dollar.
Posted on 3/3/15 at 3:14 pm to I Love Bama
Are all those signs part of a company or just individual investors?
Posted on 3/3/15 at 3:19 pm to Creamer
Mostly individual investors although I'm sure there are some major companies doing a lot of volume in big cities.
I've had mixed results with the bandit signs but some guys swear by them.
I've had mixed results with the bandit signs but some guys swear by them.
This post was edited on 3/3/15 at 3:20 pm
Posted on 3/3/15 at 3:22 pm to I Love Bama
What is your experience with them, I feel like the title work of the people calling in would be a train wreck.
Posted on 3/3/15 at 3:27 pm to Creamer
quote:
I feel like the title work of the people calling in would be a train wreck.
You get a lot of dumb asses who will call you with "I got my house on the mls if you wanna buy it" or some POS house worth $20,000 and they are trying to get 50k for it.
The one good deal I got was when some kids inherited the house and wanted cash quick. That was good but overall I would say it hasn't been worth the time and money for me.
This post was edited on 3/3/15 at 3:28 pm
Posted on 3/3/15 at 4:08 pm to I Love Bama
quote:
be prepared to sell your house for 50 to 70 cents on the dollar.
That is really all I need to know. The property is in great shape and is in a good location I just may need to sell fast if I re-locate.
Posted on 3/3/15 at 4:11 pm to ThuperThumpin
If you price your house below market value, you will generally be able to sell it if it's in a desired location. The faster you need to sell it, the more below market value you should list it for.
Posted on 3/3/15 at 4:48 pm to ThuperThumpin
It's like selling your watch to a hock shop. Good if you need money quick
Posted on 3/3/15 at 4:55 pm to ThuperThumpin
quote:
That is really all I need to know. The property is in great shape and is in a good location I just may need to sell fast if I re-locate.
How much do you owe on it vs what it is worth? I may buy the damn thing.
Posted on 3/3/15 at 5:00 pm to ThuperThumpin
I called one of those outfits in Houston when we sold our house, just to see. We did this before it went on the market. They offered about 60 percent of what we thought the value was, and we ended up selling it for about 98 percent of the value we thought it had.
Posted on 3/3/15 at 5:04 pm to LSUFanHouston
quote:
I called one of those outfits in Houston when we sold our house, just to see.
They are real estate investors. Not interested in paying you what something is worth. That's not how we make money.
What a waste of everyones time...
Posted on 3/3/15 at 5:32 pm to I Love Bama
Eh... I was actually curious. I knew they were trying to make money... but I was surprised at how they came in. I could not imagine anyone ever taking an offer like that.
Posted on 3/3/15 at 8:06 pm to LSUFanHouston
I have also run into several outfits trying get sellers to enter into assignable contracts. They then run around trying to sell the contract for $5,000 to $15,000.
Posted on 3/4/15 at 8:38 am to I Love Bama
I owe around 112,000. I have not had it appraised but the Zillow estimate is 146,000. Its a 2 bed 2 bath town home in Baton Rouge
Posted on 3/4/15 at 10:52 am to ThuperThumpin
So how will you arrive at a sales price?
Don't assume Zillow is even close.
Don't assume Zillow is even close.
Posted on 3/4/15 at 12:23 pm to I Love Bama
Bingo.
We want motivated sellers not a guy who wants FMV.
We want motivated sellers not a guy who wants FMV.
This post was edited on 3/4/15 at 12:24 pm
Posted on 3/4/15 at 12:28 pm to DieSmilen
quote:
I have also run into several outfits trying get sellers to enter into assignable contracts. They then run around trying to sell the contract for $5,000 to $15,000.
AKA "wholesalers"
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News