Home Selling in Mesquite>Question Details

Beckrach123, Home Owner in Mesquite, TX

inheritance of a home -what are the procedures of a broker willing to buy home

Asked by Beckrach123, Mesquite, TX Wed Mar 7, 2012

Help the community by answering this question:


We can help you several ways.

We can list it for sale to the open market which might take longer, but normally gain a higher sales price.

We can also market it to investors who will close quickly in AS is condition, but will want a large discount off the sales price.

Call me and we'll walk you through the steps of an estate sale.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Wed Mar 7, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
You need to assess it's value. You can either pay for an appraisal to get the true market value or have some independant agents complete a BPO for you. You would want at least two. Do not take the word of the buyer what they think it is worth.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Mar 7, 2012
Get at east 2 oponions of the value of the home from others before before selling it!

Best of luck in selling the home.

Bruce Erickson
0 votes Thank Flag Link Wed Mar 7, 2012
The broker is required to disclose he/she is a licensed broker. As a broker / investor myself, I also include a number of other disclosures and special provisions that are not mandatory but are just good business practice.
Web Reference: http://www.phgbrokers.com
0 votes Thank Flag Link Wed Mar 7, 2012
Not unusual at all. I buy houses and I know many other brokers/investors who also buy. Key word here is investor. You may, or may not, get full market value for the property. First the property needs to clear the probate process then you would proceed just like any other transaction. It may be easier for you to work with a Broker/investor if the property is in disrepair, there are back taxes etc on the property.

Best of luck
Helen Karuba SFR, ABR
0 votes Thank Flag Link Wed Mar 7, 2012
Same with any sales transaction .

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
0 votes Thank Flag Link Wed Mar 7, 2012
Let me see... a BROKER wants to buy the home you are inheriting? A bit unusual, but still perfectly OK. Before you settle on a price, get an appraisal done so you know what it is worth. The broker surely knows; you want to as well. Then get an attorney to draw up a purchase contract with all the terms and prices you have agreed to - or have him first look over any contract the broker has given you.
0 votes Thank Flag Link Wed Mar 7, 2012
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