The truth about real estate companies that will buy your house.

[@brianbruzewski7910]

If it sounds to good to be true...

[@dklauf]

So what are some of the contingencies and fees specifically? Perhaps there is a sample contract somewhere to peruse.

[@mikecoughlin9437]

These are investors who want to buy your house. Certainly, they must turn a profit on the entire transaction. So why would someone sell to them? 1) they need money quick 2) the house needs work before it sellable and they don't have the resources - but, they need to sell now - this is why most would sell to an investor. How much would an investor pay? You take the estimated sell price of the home (to sell within 30 to 60 days max) once the home has been put into sellable condition and then subtract cost of money; cost of renovation; cost of utilities, cost of property tax; cost of disposition (real estate fees) and closing cost - and then of course 10-15% profit). Generally, this means .7 x final sale price minus the renovation cost.

[@kenwilson9940]

But those guys seem so nice…sharks!

[@KevinEndresNashvilleRealtor]

As I said, you can use them if you want. It's up to you.