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Started By
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"Dale buys houses" and other investors.
Posted on 7/15/19 at 11:00 pm
Posted on 7/15/19 at 11:00 pm
I have a house I may be trying to unass in a few months. Has a few issues I don't feel like dealing with. What local (greater BR) alternatives are there to "Dale"? He pays about $.75 on the dollar from what I understand. I'd like to get $.80-85 if possible.
8
Posted on 7/15/19 at 11:33 pm to dragginass
Plenty of other flippers and investors. Where (roughly) is the house located?
Posted on 7/16/19 at 12:26 am to Golfer
Its in Central. Didn't flood.
Posted on 7/16/19 at 3:22 am to dragginass
Zillow has a service now. Why not just stick a for sell sign out and see who turns up?
Posted on 7/16/19 at 9:44 am to dragginass
quote:
I'd like to get $.80-85 if possible.
Unless your house will be easy to flip, and in a hot market, I don't see you getting this. At some point it doesn't make sense to the flipper as he has to consider a lot of things and need the cushion.
Posted on 7/16/19 at 9:53 am to dragginass
Send me the info.... I will check it out.
<--- @gmail.com
<--- @gmail.com
Posted on 7/16/19 at 10:03 am to stout
quote:
Unless your house will be easy to flip, and in a hot market, I don't see you getting this. At some point it doesn't make sense to the flipper as he has to consider a lot of things and need the cushion.
It doesn't really need "flipping" per se. It's more of a situation where a higher end house needs finishing. I'll post more soon when I'm certain I'll be divesting.
Posted on 7/16/19 at 12:53 pm to dragginass
Just list it yourself...
Posted on 7/17/19 at 8:00 am to dragginass
Posted on 7/17/19 at 9:46 am to Motorboat
Any of those we buy houses are going to be bad for you. Just list it at a good price. If it needs work, a good realtor will account for that in the price. The flippers will still be able to look at it once it’s listed.
Posted on 7/17/19 at 2:01 pm to LSU1018
A typical buyer will not qualify to purchase this house, since it's unfinished. That is why I was targeting the investor angle. I may just finish the dang thing, however.
Posted on 7/17/19 at 2:38 pm to dragginass
Sure they would if they did a construction to permanent loan.
This post was edited on 7/17/19 at 2:38 pm
Posted on 7/17/19 at 7:56 pm to dragginass
Put it on Zillow FSBO right now until you find something. Lots of agents will call however
Is Opendoor or Perch in BR? Redfin started buying houses too. Not sure if I’m your area yet.
Is Opendoor or Perch in BR? Redfin started buying houses too. Not sure if I’m your area yet.
Posted on 7/17/19 at 8:50 pm to LoneStarRanger
How big is the house in central?
Posted on 7/17/19 at 10:30 pm to dragginass
There are many different loan options. If a person has good credit and you are asking less than appraised value, financing won’t be an issue for a buyer with good credit.
Posted on 7/19/19 at 12:43 am to LSU1018
Never flooded + in central = sounds like a fast sell to me!
Posted on 7/19/19 at 1:08 am to omegaman66
quote:
Never flooded + in central = sounds like a fast sell to me!
The property isn't finished. Not liveable.
The mortgage companies expect 75% of the value on a good home after foreclosure and expenses.
That is why your "ugly houses" people sit on that mark. It is where the investors are.
If you can't make it work at 75%, then put a little sweat equity and get 95%-100%.
I don't know the area, but it sounds like a good listing/realtor could get 105%
Posted on 7/19/19 at 10:01 am to dragginass
A lot of the “we buy houses”people do not actually buy your house. They’ll walk around it it, make you feel like there is a crap ton of work to do, and try to get you to sign a contract to sell at an undervalued price. Then, they rush to find a buyer before the contract expires. Tough to find a flipper to buy if it isn’t run down.
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