Are companies that buy homes for cash legitimate?

Legitimate? Most of them





A good idea? Only if you're absolutely desperate to sell right now.Are companies that buy homes for cash legitimate?
Not sure if this would help. Usually, a housing market correction last for years. It is unlikely things will brighten up in a few months, afterall, this bubble took 5 years for form.





It might be better to give some discount so you unload the house quickly and can use the gain of the home to make money elsewhere quickly. At the same time, you will save money by not paying mortgage for the next 5 months.





For example, if mortgage is $2500/mo. and you have $300,000 gain sitting in the house, by selling it now rather than 5 months later will save you $12500. It will also earn you as much as $7000 from interests (Assuming CD are paying 5.5% or higher).





Total financial benefit for selling early would be $20,000. I would give buyer some discount just because of that.





Finally, keeping a house in selling condition is a lot of work. If your realtor does staging, it costs extra to rent furnitures. If you are living in the unit, it takes extra effort to keep it clean. So, sell it fast!








http://money.cnn.com/2006/09/08/real_est鈥?/a>


http://money.cnn.com/2006/09/05/real_est鈥?/a>Are companies that buy homes for cash legitimate?
yes. however they will usually try and lowball you for the amount since they do need to make a profit off of it.
Yes.





However, they are looking for people who are really desperate for cash. That means there is no negotiating on their end. they won't pay you what you want for your house - or even what it's appraised value is - it'll be much less than that.