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Old 01-24-2009, 08:31 PM
 
239 posts, read 467,950 times
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Is anyone familiar with realators who advertise to sell your home and if they don't sell it tell guarantee to buy it. I have seen several of these ads in the paper and I am wondering if anyone has any details they can pass onto me. One question I would like to know is if the price you list the home for the same price they guarantee to buy it for?
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Old 01-25-2009, 07:09 AM
 
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You agree on a preset price--usually 20-50% below market value if they don't sell your home in a certain time frame. You are locked into that price, even if the market improves.
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Old 01-25-2009, 06:49 PM
 
Location: Orlando FL
1,065 posts, read 4,146,685 times
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As I understand it they simply set a floor for the price you will sell your property for, it is up to you whether you want to sell it to them for that price or not.

There was a pretty detailed thread in the Real Estate section of the site, here http://www.city-data.com/forum/real-...e-sell-my.html

Keep in mind there is no "standard" for that kind of offer, so make sure to find out the details of the brokerages specific plan. I see a VERY limited use for that kind of offer. Never knew anyone that actually did something like that myself.
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