Why do people fall for those late night “get rich quick buying Real Estate” scams?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 22-01-2012-05-2008

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Question by trer: Why do people fall for those late night “get rich quick buying Real Estate” scams?
Obviously, it’s not as simple as they make it sound (a) find pre-forclosed property (b) buy it (c) flip it. The best economists cannot time the market so how can some Joe Schmo do it?

Best answer:

Answer by SDD
For the same reason that they buy lottery tickets.

Know better? Leave your own answer in the comments!

Q&A: what are the pros and cons of selling a house to one of those “we buy your house” companies?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 17-07-2011-05-2008

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Question by Mr 777: what are the pros and cons of selling a house to one of those “we buy your house” companies?
I have two houses and in need to sell one ….yesterday

Best answer:

Answer by youradvisor13
The obvious reason – you will sell at a huge discount. They will only buy homes that have equity in them – do you have 25-30% or more? If not, fuggedaboutit…..

Give your answer to this question below!

I need to get rid of my home quick. Has anyone ever done business with one of those “We Buy Houses” companies?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 03-04-2011-05-2008

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Question by nursegoodbodyandmind: I need to get rid of my home quick. Has anyone ever done business with one of those “We Buy Houses” companies?

WE have good credit and the payments are up to date, if that matters.
I’m living in a different state than the house I want to sell. It has been on the market for almost a year. I want to purchase a new home in the state where I’m living. I’m paying the bills and putting savings in the bank. This isn’t a credit issue. This is a geography issue.
The home appraised for K over what I owe last year.
This isn’t a situation where I MUST get rid of it. I just want some of my equity back so I can get a home in the state where my hus is working.
If they low-ball me, I’ll walk away from the deal.

Best answer:

Answer by Alice
I would assume that you would be making a mistake going through an outfit like that.

Here are some particularly good tips:

• Don’t fall for promises like “We’ll save your credit”; “We’ll buy your house ‘as is’”; or “We’ll get you a new mortgage with low monthly payments.”

• Don’t sign away ownership of your property (sometimes called a “quit claim deed”) to anyone without the advice of lawyer you trust. “When people get behind on their loan payments, they get a bit desperate, but the answer is not putting someone else on your title,” says Oakland real-estate attorney James Hand.

• Beware of any home sale contract where you aren’t formally released from liability for your mortgage. Also, make sure you know what rights you’re giving up and that you agree to giving them up.
From http://realestate.msn.com/article.aspx?cp-documentid=13107743

Here is some additional info on scammers who use this approach:

http://www.housebuyernetwork.com/resources/advice/HowToAvoidWeBuyHousesScams.htm

Contact a real estate agent whose signs you have seen in your neighborhood and get their advice for a quick sale.

Give your answer to this question below!

Have you ever used on of those “We pay cash for your home” companies?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 12-01-2011-05-2008

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Question by tgfann: Have you ever used on of those “We pay cash for your home” companies?
We’ve been trying to sell our house for 7 months now. We’ve lowered the price 4 times. We’ve had several people look but as soon as they hear that we need flood insurance … they’re gone! (There’s a creek right alongside our house that comes in from the ocean, but it hasn’t flooded here in over 100 years)

Anyway, we really want to get out of here and we’re considering one of those “We pay cash for your home” companies. The one I spoke with offered us ,000 less than the price we’re at now.

Just wondering if anyone has had any experience with these types of companies? Thanks!
Thanks folks. About the flood insurance, the mortgage company requires it. But we had a new flood elevation map done in August 2005 and they said we could fight it and would probably win. But knowing my luck, I’d cancel the policy and the next day we’d have the flood of the century!

Best answer:

Answer by kamaljots1985
All I can tell you is try harder or find different companies with different offers in writing. Make sure you have it in writing and the amount is not negotiable. Make sure you don’t show them how desperate you are, they aren’t your therapist and there is no need for them to hear your problems. Try to get references through family and friends or even neighbors. Also I don’t know if the 12,000.00 dollar amount is allot or little compared to the total amount your selling your home for. If you are selling it for 120,000.00 dollars then it is a large amount. But if you are selling your home for 500,000.00, then it doesn’t seem like a large amount. Hey long as you are not upside your mortgage (assuming if you have one), then go right ahead.

P.S. Also check with the Better Business Bureau for the company offering to purchase your home.

What do you think? Answer below!

About those “We buy your house… fast!” companies….?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 04-07-2010-05-2008

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Question by lisa m: About those “We buy your house… fast!” companies….?
OK… so my husband and I have two houses. I owned a condo before we got married and then he got the loan for the house we live in now.
We haven’t lived in the condo for 2 years now. The first year it sat vacant while we worked on clearing out our stuff. The second year we spent a few months cleaning and painting. Then we listed it for a few months but the market (Missouri) is slow. Now we’re renting it to a friend of my husband’s. My question is… I’m anxious to sell this thing and get rid of it. I was searching options on the Internet and came across sales pitches that claim to “sell your house fast!!” Has anyone heard anything bad about these companies? Has anyone used them?

Best answer:

Answer by lovingu
i havent even heard of them

Give your answer to this question below!

Ecommerce – Flex Those Marketing Muscles

Posted by | Posted in Buy My Home Fast - Articles | Posted on 04-06-2010-05-2008

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Ecommerce – Flex Those Marketing Muscles

John (or Joan) Q. Citizen probably don’t think of how certain decisions in the business world affected them. The primary thing most are concerned with is making sure they have enough money to pay the bills.

Gas prices rise, but they don’t automatically think of the higher grocery prices they would soon be paying. They just knew things were tighter now than they have ever been.

Unions demanded more money, but they didn’t automatically think of how that might affect the price of their next car or airline ticket they just hoped the car would last a little longer or a great deal would come along.

However, when you work on a new business startup in a world called ecommerce you begin to take notice of the pebbles tossed in the pond you swim in. Suddenly it is much easier to see the ripples those pebbles create and you brace for the aftermath of the wake because there will be a wake.

If you’re going to be in business ecommerce is a wonderful place to launch because overhead is often much less than a traditional brick and mortar store and you likely have fewer employees than a traditional store counterpart.

You may discover, however, that your marketing plan needs a ‘flex’ mode. This means the things you sell online may require certain shifts in marketing depending on regional or national economic indicators.

For instance, let’s say …

1. You sell decorative outdoor lighting fixtures.
2. Your marketing plan has you developing content based on developing pleasing lighting for the home.
3. New housing starts are down and new home purchases are light.

In this scenario there will likely be customers who would be looking for lighting for a home they own and want to improve it for reasons you may have stated in your online content. However, what if you ‘flexed’ your marketing ideals and re-pitched the product as a way of improving the value of a home an individual may want to sell? This could have a profound impact on your ability to boost sales.

You are selling the exact same product, but you recast the product to conform to a real need – selling houses. This need is expressed behind closed doors and at the local coffee shop. It ultimately is translated to the general business climate. There may come a time when you revise your approach once more, but that’s one of the best things about ecommerce, you can recast your sales approach when you need to.

Some of the very dismal things that may be happening in the business world around you may present marketing tools you just haven’t used yet.

When it appears the economy may have dealt a blow to your marketing objectives take some time to investigate if there may be new opportunities in a shifted marketing strategy. Sometimes adversity can allow ecommerce to flourish in new soil.

Look for any and every advantage to marketing your product in light of changing circumstances. Change doesn’t always have to be a bad thing.

Scott Lindsay is a web developer and entrepreneur. He is the founder of HighPowerSites and many other web projects. Get your own website online in just 5 minutes with HighPowerSites at: http://www.highpowersites.com. Start your own ebook business with BooksWealth at: http://www.bookswealth.com