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The buy your house for cash ads.?
I live in a 30 year old house with some updates, the kitchen needs a revamp. House needs some work also, nothing structural. I need to downsize, house was fine when the kids were growing. Should I fix it up or go for the quick cash? In the worst case I should easily walk away with $100k plus. Buy something smaller for cash and save around $900 on mortgage payments ( includes tax and insurance) There is a good chance there were will be no best answers on this but I really do appreciate any thought on this no matter how small.
4 Answers
- Genuine GuidanceLv 71 decade agoFavorite Answer
The "We Buy Problem Houses" or for cash are going to really lowball you. At the very least, they will offer you 30% less than the going price in your market. If you have a good chunk of equity even with them undercutting the price drastically, it might be the way to go if you don't want to deal with trying to sell it.
- 5 years ago
They are for real but they will offer a really, really low ball price for your house. Their intention is to fix it up and resell at a profit. They don't charge to tell you what they will pay for your house and then you can decide if you want to accept that amount. I'd also ask a real estate agent familiar with your area to give you an idea of what they think the house would sell for.
- Anonymous1 decade ago
Those buy your house for cash ads are people who are looking to get places for about 50-60% of value on the open market. I'd get a few more opinions before I went for the quick cash.
- 1 decade ago
I would personaly get ride of the house. You have to think out of what is best for you and seeing as your kids are grown I would down sizes but that's just me, Plus you'll be saving in the long run and seeing as you have already bought a house before you could get a better deal in the long run. Good luck!!
