Home Selling in 08021>Question Details

Loretta, Home Seller in South Jersey 08021

I would like to sell my home to an investment company. Any advice?

Asked by Loretta, South Jersey 08021 Wed Jul 2, 2008

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Both previous answers are great. If you still feel you want to go the investor route, go to
realestateinvestornetwork.com.
good luck,
Tina Evans, Principal Broker
Web Reference: http://tinaevans.net
0 votes Thank Flag Link Wed Jul 2, 2008
This question was asked in 2008 so the hosue must be sold by now. But I am answering this so that others in your situation can benefit from it.
Before you sell to anyone please find out the value of the house. Also get a good attorney to represent you.
Beware of investors who will try to take advantage of your situation if you have hardships.
Talk to your lender. Look up resources at http://www.hud.gov and talk to counselors in your area.
Web Reference: http://www.gitabantwal.com
0 votes Thank Flag Link Tue Mar 2, 2010
Hi Loretta. There are a lot of questions to ask when considering this type of transaction. In fact, there are no standards or typical deals. I have been an investor for many years and am a licensed real estate agent. Is your investor a licensed agent? If so, he/she must adhere to additional guidelines and disclose the fact that he/she hold a license. My experience also includes teaching seminars to new investors as well as one-on-one coaching. I would be glad to speak with you about your various options. Where in 08021? Pine Hill, Lindenwold, Clementon, etc? Extremely familiar with the area!
Robert Greenblatt
Keller Williams Realty, Cherry Hill
Agent, Investor & Coach!
856-685-1660
0 votes Thank Flag Link Thu Sep 10, 2009
Hello Loretta,
I'd be happy to make you an offer... yes it will be lower than the market value but I assume that's what you're looking for... a fast cash sale? I'm located in 08021 also so I"m nearby and familiar with the area.
give me a call or an email...
joemonte@hometeamNJ.com or 856-374-2800 x106
Joe Montenigro
REMAX Home Team
Web Reference: http://www.hometeamNJ.com
0 votes Thank Flag Link Sun Sep 6, 2009
there are many flavors of investor out there. if they are just a cash buyer that wants a deal...sure, why not if the price suits you.

if they have any other twist on a pure sale, be careful. this tough market has energized the scammers again and they are out there with all sorts of schemes that are sure to leave you regretting that you ever met them. i had a guy yesterday offer to bring me an offer on a property i have listed. it was an offer that would have resulted in the seller needing to do a short sale...NO PROBLEM...until he says he'd need to do an option to purchase and RECORD it on title. i asked him what get rich quick seminar he had attended, and asked if he had his own forms...of course he did. when i told him to fax them over he got cagey.

i still haven't seen his "forms".

make sure your "investor" has cash and be sure to have an attorney review all documents. it might cost you a few bucks but the downside is far worse. remember...just because you don't get up in the morning with larceny in your heart doesn't mean the scammers don't. be extra careful.
0 votes Thank Flag Link Fri Jul 11, 2008
The downfall for selling to a investor is they will give you a very low price. I'd advise you to test the waters with a agent. If we price it low,but not too low we will see buyer activity. Also with the exposure we provide I can help you with your situation. I have experience with these types of situations, hope I can be of help to you.
0 votes Thank Flag Link Sun Jul 6, 2008
Loretta,

Investors will usually try to purchase your property for 50 to 70 cent on the dollar. They will give you more then one scenario. One is if they renovate the home while you are still owner then share the proceeds of the sale. The other scenario as is sale. You will always get more money on the open market regardless of the condition of your home. Even if your are in a situation when you need to sell fast by exposing your home to the most buyers you will get the highest return. Feel free to contact me if you will like further assistance.

Best Regards,

Jeremy S. Hill, Realtor Associate
Keller Williams Realty
http://www.southnewjerseyhomes.com
1814 Route 70 East
Cherry Hill, NJ 08003
Office: 856.685.1651
Fax: 856.321.1414
Direct: 609.876.5817
"Your Interest 1st Always!"
0 votes Thank Flag Link Wed Jul 2, 2008
Loretta
Why? Investors typically pay 10-20% BELOW retail. They can usually close in 30 days, so that's a plus, but why?
0 votes Thank Flag Link Wed Jul 2, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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