They are real. They pitch to uneducated sellers and aren't looking out for the sellers interest but looking out for themselves. Some will in fact buy it then fix and flip it while others will get it in contract and while in contract attempt to sell to another investor for a profit (wholesale).
Bottom line if you are trying to sell a property your best chance of getting the most money is to put the house on the mls. I have a client that had a fixer who was going to sell to one of those "we buy ugly houses" guys and one offered $95k and another offered $110k. I listed and sold the home for $135k.... more
Actually, I won't be paying for any of those things. I am selling my house. I have an accepted offer. I added the addendum that I will not pay for lenders fees, title fees, inspection fees, or any other fees associated with selling my house. If taxes are prorated, and its short...I have to make that up. If there is a problem with the house inspection I have several options to choose from including voiding the sale all together. If the buyer is working with an agent, the buyer will pay for any and all costs associated with it. This is one of the reasons people decide to sell on their own. Selling a house should be as easy as writing down the intent, conditions and terms. Two parties agree, sign the paper, and each is responsible for their own share of what must go thru the title company. Yep, there are chiselers out there. Yep there are crooks out there. Knowledge is power. Research. Learn. Do. Laws are specific to each state. Learn them. Anything and everything can be negotiated in and out of written documents. If both parties agree to the equality of the sale.....everyone is happy!... more