11–14 of 14 posts
Inventory is low, so if someone is forced to move to your area, then sure, your house might sell. Otherwise, everyone is waiting.
Weird. Where I live home owners get calls multiple times a week from corporations trying to buy their homes in cash.
(i used to make these offers, ama)
Earlier quoted context omitted.
Hah, yup. "And all for the fantastic price of [~25% below market]!" I got one of those calls. The VM left said that "I could have the money in my account in as little as a week! We could pay as much as (emphasis mine) $485,000 for your home!" Weird. Taking it with a requisite grain of salt, Redfin's median home value for my home is $660,000. Even my county's valuation for property tax is in the mid 500s.
It’s sight unseen, and true ‘spot’ price for something in that situation. Which could be anything from a hoarder to a granny that keeps everything spotless and perfectly maintained, and is having cash flow issues. If you can sell it on the normal market, it takes awhile but you’ll almost certainly get a higher price. Working as expected.
Randomly, I looked up the US state capitals (since I live in one) for market appreciation, or depreciation. My state is in the top ten, still seeing >3% YoY appreciation as of last month.
Earlier quoted context omitted.
It’s sight unseen, and true ‘spot’ price for something in that situation. Which could be anything from a hoarder to a granny that keeps everything spotless and perfectly maintained, and is having cash flow issues. If you can sell it on the normal market, it takes awhile but you’ll almost certainly get a higher price. Working as expected.
"as much as" implies that it's not going to be truly sight unseen and that that is going to be what granny's perfectly maintained home will get. Randomly, I looked up the US state capitals (since I live in one) for market appreciation, or depreciation. My state is in the top ten, still seeing >3% YoY appreciation as of last month.