Question: We have a home that we have not kept updated
and is in fair to poor condition. Our friend said we need to sell to a company
that buys distressed properties. She said she heard this was the way to go. We
have found a company that does this. Can you recommend another company that can
help us?
Answer: Don’t sign
anything and stop taking Real estate advice from your friend. Yes, we can
recommend a company and it’s not a distressed property company. We would recommend
you call a Real estate brokerage company. Yes, a local Realtor. Here’s why. There
are 4 types of property conditions: Beautiful & updated, the average range,
below average and the distressed property condition homes. Each higher level of
condition commands more value.
By calling a company that buys distressed properties, you
will be getting a distressed property price for your home. Since you know
little about real estate values, why not call a local Realtor to establish a
likely market sales price based on the condition of your home?
The Realtor may recommend a few inexpensive improvements that
you, a family member or even that know it all friend could do, which would
escalate your homes’ value to a different condition category. A few hundred dollars of investment could
possibly yield you thousands more in sale price. You won’t know until you do this little bit of
research.
E-mail us your Real estate
questions at: Cathyah@aol.com
