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Old 02-29-2008, 08:31 AM
 
Location: Atlanta, GA
1,479 posts, read 4,666,675 times
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When you see a real estate sign that says "you buy this house, we'll buy yours for cash", how does that work? Is this some type of gimmick? Do they give you some kind of low ball offer?
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Old 02-29-2008, 11:14 AM
 
Location: Salem, OR
14,936 posts, read 36,679,955 times
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Yes, it's a gimmick and usually they buy yours for below market value.
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Old 03-01-2008, 06:29 AM
 
Location: LEAVING CD
22,973 posts, read 24,732,095 times
Reputation: 15600
There is one real estate company that offers to buy your house if it doesn't sell in 6 months and it's no scam. They will actually buy it BUT there are a few things that have to happen first. The upside is they're upfront about everything before you sign with them including how much they'll pay if your house doesn't sell. For us the downside was they couldn't pay enough to make it worthwhile (at least at this point) but I could see how it could work for many people.
If you can accept their offer then you have absolute peace of mind knowing that no matter what in 6 months you're moving, and since they've agreed to buy it you can look for another place right away knowing exactly when you'll be ready.
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Old 01-30-2009, 11:30 AM
 
3 posts, read 31,511 times
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Default jimj

what is the name of the realestate company
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Old 01-30-2009, 11:36 AM
 
3 posts, read 31,511 times
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are you there jimj?
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Old 01-30-2009, 02:06 PM
 
Location: LEAVING CD
22,973 posts, read 24,732,095 times
Reputation: 15600
Prudential.
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Old 01-30-2009, 02:34 PM
 
Location: Austin
7,238 posts, read 19,867,100 times
Reputation: 9967
In my market, most of those are, if you buy one of the agent's current listings, then they'll buy yours, however, it's usually about 85-90% of THEIR appraisal. Keep in mind, the agent has to turn around and sell it and not lose any money on the deal, so why would they buy your house for market value when the agent loses in the end?
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Old 01-30-2009, 04:17 PM
 
3 posts, read 31,511 times
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I looked at the prudential site it says nothing about them buying,,,,can you help me out jimj and post the link?
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Old 01-30-2009, 04:25 PM
 
Location: Columbia, SC
10,147 posts, read 19,858,555 times
Reputation: 8818
Actually, it's ERA. It's called the seller security plan. If you have them in your area just call one of the Realtors and ask them to come over and explain the SSP. It's not a gimmick but your home does have to qualify.
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Old 01-30-2009, 06:42 PM
 
Location: LEAVING CD
22,973 posts, read 24,732,095 times
Reputation: 15600
Quote:
Originally Posted by Brandon Hoffman View Post
Actually, it's ERA. It's called the seller security plan. If you have them in your area just call one of the Realtors and ask them to come over and explain the SSP. It's not a gimmick but your home does have to qualify.
Thank you Brandon, I wasn't sure if it was ERA or Prudential. I still think it's a good program even though I didn't use it, especially if you think the market is still going to fall alot more.
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