The Guaranteed Home Sale

Dated: 05/01/2015

Views: 1191

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    If you’re in the market to sell your home I’m sure you have come across ads guaranteeing to sell your home and if they don’t the company will buy it. I’m pretty sure you’re asking yourself; what’s the catch? How is this possible? Well, we are here to let you know that it is a legitimate offer, but (there is always a “but”) there are restrictions or the proverbial catch.

    The way the program works is that your home must qualify for this program. Yes, just because you are selling your home and hire a certain agent, this does not mean they will place your home on this program. If they do extend the offer you need to take into account that the “guaranteed sale” will not be at a price you are expecting. Let’s say you think your home is worth $250,000, and that is what it will be listed at. The price at will they will offer to buy the home from you is less, usually between $150,000 and $175,000. Next, you will sometimes be asked to agree to large price reduction at designated time frames.

    We are not saying that it’s not a valid program, we are just saying that it’s not for everyone. So, before you go out there thinking this is the solution to all your problems stop and think, ask questions, and make sure you won’t be losing more than you’d be gaining. So for all you home sellers, GOOD LUCK!

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Larry Gilman

I've been involved in the Real Estate business since 1994 and have helped over 1,200 families buy or sell a home, some I've done two and three times. I specialize in creative financing, home marketing....

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