Is "We Buy Ugly Houses" also known as HomesVestors a legitimate business and worthwhile avenue to selling a home?

Similar questions: Buy Ugly Houses HomesVestors legitimate business worthwhile avenue selling home.

Here is an answer We have contacted these people. Here is what will probably happen... A couple or three individuals with money to invest in the real estate market will come out to see you...No matter the condition of the home,,,they have an offer / idea for you... I remember one was, what is the lowest you will take for the home? In other words how much is owed so we can cover the mortgage you don't don't have foreclosure on your credit record... They want that person who has received the final notice and is desperate to sell...Second person, second offer...He would buy the mortgage, we would continue to live there and rent the home from him...The rent would be fixed for 1 whole year, wow!1 whole year...If it sold during that time for higher than what he paid the mortgage, we would split the difference and have about 2 weeks to get out...If it did not sell, then we would have a new probably higher rental rate next year... Third person, third idea... Went something like,,,he would make the payments,,,we would live there and fix the place up some more, show it to buyers, take what ever offer they made as long as it was enough to cover his investment plus some...So Yes, they are legitimate, they have to be... But they are crazy... Home market is so far in the tank, it may not come out until 2020... Ours remained on the market for 19 months now.... Good Luck and Let Amazon know if this was a great or lame answer and vote.

Sources: Spartan Caver Says: .

Yes they are legitimate, but may not be worthwhile The never offer market value. Their offers are normally well below market, and are geared towared owners that need to sell very quickly. If you have been unable to sell a house through a realtor, and need the cash right away, they can perform this service.

But they will only offer between 50% and 75% of the house's value. It will still take a few weeks for the paperwork to be drawn up and signed, so it won't be instantaneous. If you can wait a little longer, you can lower the price on your own (but not that far) and sell it on the open market.

Investors are always looking for a good deal. I hope this helps. Manimal's Recommendations HomeVestors turns ugly houses into pretty cash: using the catchy phrase "we buy ugly houses," this unique franchise concept has found its niche.(Spotlight ... Article): An article from: Franchising World Amazon List Price: $5.95 .

It sounds like they want to make all the money that you could be making It's a well established real estate idea to buy a home that looks bad, but is actually a solid building, and fix it up to sell it for a profit. If you own a home that is in a good market and doesn't have any serious structural problems, you could fix it up yourself and sell it for much more money than you would get from the "Ugly House" buyers. Without even knowing about this specific company, it's pretty obvious what goes on.

They tell you how ugly your home is, how bad the market is, how there's no way your house will sell for anything to anybody, and they're taking a huge risk just to take it off your hands. They point out all the defects, and make it sound like they're going to have to completely gut the house and start from bare beams just to have a shot at making it sell. Then you feel horrible, sell it to them for a fraction of its real value, they do some minor, cosmetic work, and sell it a month later for double what they paid you.

Don't let them make all the money from the minor fixit job. Talk to a real estate agent who is your selling representative, and who can tell you how to best fix up the house - it is in her interest that you sell it for as much money as possible, as she gets a commission based on the sale price. Often times new paint, good landscaping, possibly re-carpeting and adding new fixtures can make an "ugly" house look new and inviting.

Think about it this way: Would you rather sell your house to the HomesVestors for $100,000 or would you rather invest $12,000 into fixing it up, and then sell it yourself to a private buyer for $165,000? MightyCow_DontFollow's Recommendations Ready, Set, Sold! : The Insider Secrets to Sell Your House Fast--for Top Dollar!

Amazon List Price: $15.00 Used from: $2.22 Average Customer Rating: 4.5 out of 5 (based on 7 reviews) Home Staging: The Winning Way to Sell Your House for More Money Amazon List Price: $19.95 Used from: $8.48 Average Customer Rating: 4.0 out of 5 (based on 53 reviews) 301 Simple Things You Can Do to Sell Your Home Now and for More Money Than You Thought: How to Inexpensively Reorganize, Stage, and Prepare Your Home for Sale Amazon List Price: $24.95 Used from: $12.08 Average Customer Rating: 5.0 out of 5 (based on 8 reviews) These might help, and there are dozens of other books with similar themes.

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