Comments on: Fast House Sale With Fast House Buyers

By: fire_boy807

fire_boy807 — Thu, 16 Jul 2009 06:51:03 +0000

Yeah, its called a rip off for the seller. The problem with that is that the buyer can assume the deed, and may start paying the mortgage (and the mortgage company will accept the payments) but (as you mentioned) the mortgage stays in the sellers name. Thus, if the buyer stops paying the mortgage sometime in the future it the sellers credit that will still get hurt (since their name is still on the deed). Bank will not allow new sellers to assume mortgages (except in very rare cases to avoid having to forclose on the property) and in fact if they find out that the property has changed hands they will immediately call the loan in full.

By: Rebecca Renee

Rebecca Renee — Thu, 16 Jul 2009 01:04:12 +0000

By: RCWoody

RCWoody — Wed, 15 Jul 2009 15:16:53 +0000

Have it appraised as a commercial property. The value will rise considerably, and if they do not buy it, list it with a commercial real estate broker, DO NOT LIST WITH WITH A RESIDENTIAL "I WANT TO DO COMMERCIAL DEALS" agent. They may have sold a "commercial"
property by fluke once upon a time, but they will inadvertently sell you down the road because they do not have the knowledge or expertise to do the best deal. The commercial broker will get you the correct value and terms. Once Wal-Mart is in the value should increase again. The appraisal is well worth the money. Why sell for $49K if it is worth $149K?

By: amphigean

amphigean — Wed, 15 Jul 2009 06:16:58 +0000

Found this website with a few more options:

http://www.fast-growing-trees.com/PrivacyTrees.htm

I've not done business with them so am unable to speak of their products or service.

*~ Good luck ~*

By: WonderWye

WonderWye — Tue, 14 Jul 2009 01:03:17 +0000

The land is very expensive, I suppose. Also, do prefabs have the resale value of houses?
Actually, I'd like to see each house built with the potential for extension – attic rooms, etc etc.
The most sensible house I ever came across was built by a couple who added a floor to their house when they could afford it.

By: Stacy's Mom

Stacy's Mom — Tue, 14 Jul 2009 00:38:06 +0000

The big factor for the owners should be insurance. Next will be the vulnerability of the property. As a Realtor, I have to regularly check my vacant properties, because if I don't, someone will either vandalize it or take up residence there. The owners will either have to pay to get the property fixed or sell it as is with the damage.

Pricing the property high is unwise in most markets, if it is too high, no one will even look at it. There are too many properties on the market for people to waste time on something that is obviously overpriced. If they price it high and there are subsequent price reductions, buyers assume that something is wrong with the property.

The owners would do well to price the property to sell.