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Old 07-11-2018, 12:04 AM
 
929 posts, read 399,102 times
Reputation: 761

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I'm exploring all kinds of option to maximize my profit for when I sell my house. Anyone have any experience with of any of the above? Obviously, you have the traditional way of doing things but if I can get more money even if I pay just a bit more but with zero hassles related to selling a home, I'd go for it. Anyone?
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Old 07-11-2018, 09:25 AM
 
Location: Henderson, NV
1,073 posts, read 1,042,814 times
Reputation: 2961
//www.city-data.com/forum/real-...offer-pad.html

Search RE Forum. Also, this thread belongs in RE Forum. Good Luck.
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Old 07-11-2018, 10:03 AM
 
Location: Lone Mountain Las Vegas NV
18,058 posts, read 10,338,167 times
Reputation: 8828
Quote:
Originally Posted by WVREDLEG View Post
//www.city-data.com/forum/real-...offer-pad.html

Search RE Forum. Also, this thread belongs in RE Forum. Good Luck.
I think I shut that thread down.

Worked one a few weeks ago. In fact one where the concept breaks. Open door does not work in a gated community. You have to put people up to tail gate to get in...no gate code as the RE agent would have.

this place was in Astoria Estates in the NW. Opendoor bought it in March for $406,000 and sold it in late June for $427,000. They did a good bit of work on the place so they likely lost money on the sales transaction. And in some ways the place was not in good shape. The outdoor kitchen for instance was missing all the working parts. I would think though the seller did fine. Unloaded a place tht needed work and got a reasonable price. I do not know what fee the seller paid so it is hard to come to a conclusion.

I would be skeptical in any gated situation.
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Old 07-11-2018, 05:51 PM
 
96 posts, read 80,538 times
Reputation: 81
If i would be selling i would use Redfin - i think they take just 1% too.
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Old 07-11-2018, 06:21 PM
 
Location: Lone Mountain Las Vegas NV
18,058 posts, read 10,338,167 times
Reputation: 8828
Quote:
Originally Posted by spectras View Post
If i would be selling i would use Redfin - i think they take just 1% too.
It is difficult to get good insight...but here are a few of the bad side...

https://www.consumeraffairs.com/housing/redfin.html

Actually I do not know where the truth lies. But I do know that the last deal I worked with Redfin cost the seller 5 to 10K at least.
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Old 07-11-2018, 10:51 PM
 
929 posts, read 399,102 times
Reputation: 761
Quote:
Originally Posted by lvmensch View Post
I think I shut that thread down.

Worked one a few weeks ago. In fact one where the concept breaks. Open door does not work in a gated community. You have to put people up to tail gate to get in...no gate code as the RE agent would have.

this place was in Astoria Estates in the NW. Opendoor bought it in March for $406,000 and sold it in late June for $427,000. They did a good bit of work on the place so they likely lost money on the sales transaction. And in some ways the place was not in good shape. The outdoor kitchen for instance was missing all the working parts. I would think though the seller did fine. Unloaded a place tht needed work and got a reasonable price. I do not know what fee the seller paid so it is hard to come to a conclusion.

I would be skeptical in any gated situation.
Thanks for the link, the thread is still up. For now I think Opendoor sounds appealing, as long as they give a fair market value. The biggest upside I see with these companies is that I get to skip the major hassles of selling the house(I have 4 kids as it is)..i.e. no showings, no major cleaning, no moving of furnitures or renting a storage place to store some stuff out of the way, but the most important thing to me is that I don't have to worry if the deal will go through because some buyer can't get their finances together. It's almost a guaranteed sell no matter what. Of course I could go with Redfin or traditional agent, but you know I'd be willing to pay 2-3K above standard fees for time and convenience. Who knows when I sell in early 2019 it might be a different story.
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Old 07-12-2018, 05:34 AM
 
Location: Here and there, you decide.
12,908 posts, read 27,982,887 times
Reputation: 5056
Quote:
Originally Posted by spectras View Post
If i would be selling i would use Redfin - i think they take just 1% too.
No Redfin minimum is 2% on their end..2.5 on buyer end
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Old 07-12-2018, 05:36 AM
 
Location: Here and there, you decide.
12,908 posts, read 27,982,887 times
Reputation: 5056
Quote:
Originally Posted by MaryoVilla View Post
Thanks for the link, the thread is still up. For now I think Opendoor sounds appealing, as long as they give a fair market value. The biggest upside I see with these companies is that I get to skip the major hassles of selling the house(I have 4 kids as it is)..i.e. no showings, no major cleaning, no moving of furnitures or renting a storage place to store some stuff out of the way, but the most important thing to me is that I don't have to worry if the deal will go through because some buyer can't get their finances together. It's almost a guaranteed sell no matter what. Of course I could go with Redfin or traditional agent, but you know I'd be willing to pay 2-3K above standard fees for time and convenience. Who knows when I sell in early 2019 it might be a different story.
So you would take 240k for a 300k house? Use a realtor, suffer the inconvenience for a day..geez.

Unless the house needs work and you overprice it, it’s easy
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Old 07-12-2018, 06:51 AM
 
799 posts, read 708,047 times
Reputation: 904
Quote:
Originally Posted by MaryoVilla View Post
Thanks for the link, the thread is still up. For now I think Opendoor sounds appealing, as long as they give a fair market value. The biggest upside I see with these companies is that I get to skip the major hassles of selling the house(I have 4 kids as it is)..i.e. no showings, no major cleaning, no moving of furnitures or renting a storage place to store some stuff out of the way, but the most important thing to me is that I don't have to worry if the deal will go through because some buyer can't get their finances together. It's almost a guaranteed sell no matter what. Of course I could go with Redfin or traditional agent, but you know I'd be willing to pay 2-3K above standard fees for time and convenience. Who knows when I sell in early 2019 it might be a different story.

I completely understand your feeling. It's not easy to just pick up the kids, or pets, and vacate the house for a viewing. Or to keep it in "show ready" condition. But, it seems right now Las Vegas is a sellers market, so you might be amazed at what sort of offers over list you might get if you list it. Nothing wrong with either way, but it does happen, and something to consider.
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Old 07-12-2018, 07:08 PM
 
Location: state of transition
390 posts, read 306,678 times
Reputation: 808
I know someone who has used them. Open door bought their home and then turned around and sold it a month later for $18K more.

Last edited by RoadLessTraveled2015; 07-12-2018 at 07:09 PM.. Reason: someone already posted this link.
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