Jeanne and Evelyn both gave excellent answers. Most of those buyouts are designed to give a last resort catchnet to sellers who need to move fast and want to leave the area, knowing that the house they are leaving will not be hanging over their heads months down the road.--- but there is a cost! Usually structured at 75-80% of newly appraised value, with seller ordering & paying for a least one appraisal, and buy-out company paying for one.
You can do very much the same thing yourself by reducing the price for a quick sale right from the start. Contract with someone who you have seen selling homes in your area. Price it right!
Best wishes for a speedy sale and fair outcome.
In addition, 3 bedroom homes that sold in April sold for an average of 90% of the original price, while the 4 bedroom ones averages 83%, and the 2 bedroom homes averaged only 50%!
I am personally involved with the Chester Community Grocery Co-op http://(www.chestercoop.com) and am very familiar with the specific challenges of marketing properties in Chester. Please let me know if I can provide you any further assistance.
Being with a company that specializes in relocation and in Morris County, NJ you need to speak to an expert in that field to visit your home, give you a marketing and merchandising evaluation and a clear plan to get your home sold for the highest price the market will bear.
The renovations may help out the pricing and give you an advantage, but a sit down with a Realtor will give you the answer.
You can call me at 973-538-5555 x302 if you need some assistance.
Jeffrey Halpern, PNJP
"1,001 Tips to Sell A House?
There's Really Only One"....
People send me a lot of books. Most of them come from authors or publishers. They send them to me hoping I'll mention the books on television. The fact that I have never suggested you buy a book doesn't seem to deter them...What I get most is self-help or "How to" books....
.....You don't need "1001 Tips on Buying and Selling a Home".
"Just Reduce The Price" _______________Andy Rooney