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Rosie Bolin
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I am the Broker /owner of Insider Realty. While I specialize in Raleigh and Durham, I have experience in 12 Triangle counties, and have trained and managed
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Rosie Bolin answered:
As a rule of thumb, they will pay 70% of the value of your home. Sometimes they do minor work on the home, sometimes none at all, then they put it on the MLS. If you'd rather take the 30% reduction on your purchase price than try to sell it on your own to a buyer/list it on the MLS, this is a good option.
I know someone who recently went this route, and was overpaid by the company, who felt the home was worth more than it was. The house is still on the MLS, and she is happily in her new home. You could always talk to them to get their figure. As a flipper, you probably have a good idea of what your home is worth. One word of warning, if you go this route, DO NOT allow them to market your home during the contract period, but before the closing. This has become somewhat common in this area, where they try to find a buyer at the higher price during the closing process, and if they don't they cancel the contract.
Good luck finding a great buyer!
Rosie
I know someone who recently went this route, and was overpaid by the company, who felt the home was worth more than it was. The house is still on the MLS, and she is happily in her new home. You could always talk to them to get their figure. As a flipper, you probably have a good idea of what your home is worth. One word of warning, if you go this route, DO NOT allow them to market your home during the contract period, but before the closing. This has become somewhat common in this area, where they try to find a buyer at the higher price during the closing process, and if they don't they cancel the contract.
Good luck finding a great buyer!
Rosie
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