You may have seen ads for “Home Sold Fast,” an organization which will create a money provide for your property as-is, even if it’s not in great shape.
The value proposition is that they’ll take the property off your hands quickly therefore you don’t need to wear down unloading it via the standard route, that is either through a true realtor or via a FSBO listing. In each alternatives, it will take time to sell your property. That’s why firms like we have a tendency to Home sold Fast exist, therefore you’ll be able to get money for your
home loads quicker, creating a usually illiquid plus a additional liquid one, sort of a stock or bank account.
Additionally, you’ll be able to sell your point its current state, even it’s not in nice form, or perhaps unhealthy form. If you tried that via a standard property listing, you’d most likely face loads of inspection and difficulty in selling your home.
How Home Sold Fast Works
You ask them to make an offer on your home
They conduct a home inspection and appraise the property
If interested in buying they give you a no-obligation all-cash offer
And even pay some of the closing costs
I checked out their website, read their FAQ, and think I have a pretty good understanding about how the process works. It seems fairly straightforward.
Basically you ask them to make an offer on your home and they’ll show up to take a look at the property. They’ll conduct a walk-through, and probably do some appraising once they get back to the office to better understand the property market where ever your home is settled. After all, the property itself simply one piece of the pie – its location is also key to valuing it properly, especially since the home’s current state will likely be improved before it is resold by the company. From there you’ll receive a “no-obligation all cash offer” to buy your home that you just will contemplate, accept, or reject. If you agree, they will apparently pay “most normal closing costs” and you won’t have to worry about things like real estate communications or make repairs.
So the side here is that if you need/want to sell your home ASAP, you would possibly be able to with a buyer like Home Sold Fast with little or no work.
How They Define an “Old Junk House”
It’s not just the outward appearance that qualifies as junk house
They’ll even consider homes with foundation issues
Those in undesirable neighborhoods
And those in which you simply want to unload because of a bad mortgage, bad memory, and more Interestingly, it’s not just outwardly ugly homes that are considered “ugly.” Sure, those are ugly too, but it’s much more than that.
They also consider homes ugly if they have foundation issues, if they’re in undesirable neighborhoods, or simply in an area you no longer feel is convenient.
They also offer to buy homes when the mortgage financing isn’t ideal, perhaps because of a high interest rate and the inability to refinance, or an adjustable-rate mortgage that becomes too expensive. Someone facing the prospect of foreclosure could also potentially own an old nasty home.
Oh, and let’s not forget homes that are simply nasty because of some bad memory, such as a divorce or something much worse.
They also seem to target homes with problematic renters, or homes that were inherited that the family doesn’t want to deal with.
Then there are the typical old houses, such as those in disrepair, water damage, roof damage, or simply those that have been neglected or aged terribly.