Hello all...
Seen these signs around now and then, in various iterations. Sell a house, get cash, quickly.
I'm wondering if there's a formula they use to make their offers, i.e., a certain percentage of market or assessed value?
I realize these are probably "situations of last resort", but could they ever become a realistic "alternative" for a sale, when one can't sell "conventionally"?
I'm thinking, old house, needs LOTS of work, in a declining neighborhood (one literally choking with illegals and illegal "hotels"). No way to get what it _might_ have been worth even 5 years ago. A situation where - if you spend $$$ to fix it up - you'll probably get back 40 cents (or much much less) for every dollar spent. A losing proposition.
Thanks,
- John