They may have multiple solutions to sell your property very fast.
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People attracted to these types of opportunities(???) should take great caution to not become more of a victim than they all ready are.
>>> Please keep in mind though that investors are generally looking for properties that are sold significantly below market value, because that's how they make their profit and the investment worth their while.
Either way you go, I would recommend to start out by getting a Market Comp Analysis from a good agent in your area so you know what your home is currently worth, what similar homes recently sold for in your specific area, and how long they were on the market before they sold. This will give you a good basis to make an informed decision and to choose an option that works for you.
The reason that there are more people interested in renting than buying is because their credit is shot or they don't have the savings for a down payment.
Over 25% of homes out there today are underwater. Those that got foreclosed on or did a short sale on their home cannot buy for at least 3 years. Where are they going to live? In rentals.
Those who lost their job recently cannot show steady employment, and thus do not qualify for a mortgage. Where are they going to live? In renals.
Rentals are hot right now. If you have the cash for a down payment without selling your home, I would suggest that you at least consider renting your home out. Consult with a property manager in your area if you don't want to hastle with collecting rents and doing repairs. Also, they can tell you what rental rates in your neighborhood are. With 11 years in your home, you should be able to put a nice part of that monthly rent directly into your pocket and let it help pay for your new mortgage.
Best of luck in what ever you do.
From June 1 to today, there have been approximately 135 homes listed and sold in your approximate area. The selling prices of those homes have a wide and variable range. The approximate high end was around $112,900.00 and the average was approximately $17,605.00. These numbers are examples only, of what may be happening in the location you've indicated your property is in and cannot be relied upon as an accurate market reflection of the value of your home, or price it may bring on the market. You should consult a real estate professional for more specific information about your specific property.
There are plenty of investors out there who are buying. Generally investors, and others who offer quick sales or some other type of program to get you out of your home quickly, are not particularly interested in giving you top dollar for your property so beware of what you might get yourself into. Get professional assistance.
Also keep in mind, this market today may be with us for the next 2,3,5 years or more.
Always My Best,
Michael Bellaire, Broker, ABR
If you have been in your house for 11 years you should have some decent equity in it so you may not want to go the route of selling to investors only. It is true it is not a good market for selling right now but if you sell to an investor you will not get anywhere near what you probably want to sell your house for. Also, please DO NOT contact anyone that has a sign on a post that is offering to buy your house for cash. They are not out for YOUR best interests. If you can it is best to consult with a realtor and receive professional advice on the marketable value of your home and then what you will need to do in order to buy another home. If you would like some help feel free to give me a call. Thanks!