Should you sell to a “cash for homes” company?
Should you sell to a “cash for homes” company?
So let’s imagine you have a house in really bad condition. It could be extensive black mold, plumbing or electrical issues, whatever it is. You can’t imagine someone is going to buy the house in its current condition so you wonder if you should call the phone numbers for all those advertisements for the companies that buy houses for cash?
The answer is no, do not call one of these companies that’s always advertising to purchase homes. They will purchase from you for less than half of the market rate.
Find a reputable local real estate agent. Some real estate agents will be quite uppity and refuse to list a house that is in bad condition because either they won’t make a large commission of it or they don’t want to tarnish their reputation. Some real estate firms will assign a more junior agent to these situations.
Once you have a real estate agent, you are going to be targeting investors who will renovate and fix up the house to either sell or rent out. You need to get more than one investor to look and make an offer at on the house.
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