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When a Company Buys your Home

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

I went on a listing opportunity a few months ago, and was a referral from another client.   They are both military families, and have worked with so many over the years, thought it would be a slam-dunk!    Boy, was I wrong!

 

After I got to their home, did the walk-through (and was very impressed), I presented my listing details and prepared a net sheet for them.    Their home was the largest in the neighborhood, but definitely well-taken care of, and would show well.    It was only a few years old, and there were no comparables in the last year for this size home.

 

Before I was completely finished, the husband mentioned he was very impressed with a company that buys them out.  They would not have to be bothered with showings, and would get their money right away.   I was a bit baffled by this answer, as they were 85% moved out when I was there already, and would be completely moved out when it came time to set up showings.

 

Yesterday, I saw their home came back on the market - for a HUNDRED THOUSAND DOLLARS more than I thought it would sell for.   AND, at the price I was quoting, would set a new threshold for this neighborhood.  We currently have quite a few companies doing this, and offering money to homeowners for the convenience of a quick sale, and no showings.

 

Wonder how long this home will be on the market?   Will be interesting to watch!

 

 

 

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments (8)

Rachel Morin
Red Rock Real Estate - Saint George, UT
morin2realty

Wow!  That is interesting!  Keep us posted, for sure, Joan! 

 

Jun 13, 2021 09:57 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Joan - ah, yes -- a company may say they are buying your home but does it close?  It's more than semantics but I sense what may be a suspicious sales call.   Actions speak louder than words.  Other thoughts come to mind.  Let's hope I'm wrong - but it doesn't look good for sellers who really need to move.  

Jun 13, 2021 10:00 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rachel, I knew they would have to buy it for much less to make some money, but $100K???

Jun 13, 2021 10:41 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael Jacobs I can't say who bought it, but the sellers told me they were going with them, it was easy.    Now a company has this house for sale, so pretty sure the buy-out happened.

Jun 13, 2021 10:42 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would be willing to bet that somehow the company is making out a lot better than the seller and the seller is losing out on more than they realize for the convenience being offered.

Jun 14, 2021 05:53 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian England when I was at the listing, I told them that USUALLY they offer $50-75k less than fair market value so they can make some money.  Wonder if they know what their home is on the market for.

Jun 14, 2021 09:17 AM
Sara Mehrpouyan 818.903.2040
Beverly & Company Properties 818-903-2040 - Sherman Oaks, CA
CA- Sherman Oaks and Woodland Hills Real Estate

I think that we are going to see some of these companies buying out properties here and there. But, it will be interesting to see how they will do when the real estate market changes.

Jun 15, 2021 08:28 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sara Mehrpouyan that is true, and will be interesting to see how long they last when it shifts.

Jun 16, 2021 08:23 AM