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How do those we buy houses people buy houses with cash even if it is atlike a 30-40% discount?
These are usually investor groups that plan to flip the home for a profit. They prefer owners that have equity in there some still and are in financial trouble because they won't need bank approval. Right now with the market being the way it is, they are going after a lot of short sales (foreclosure type) properties which would require bank approval to sell the home to them. All I know for sure if that you're NEVER getting deal if they buy your house; it's always under valued.
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Friday, October 31st, 2008 at 5:34 pm
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January 6th, 2008 at 12:31 pm
by giving escrow a cashier's check
for the appraised amount minus
40%, presuming that is what the
purchase contract says and
what the seller's agree to.
I am not sure I have understood your query.
lots of people in this nation have
hordes of cash–for specific purchases and investments
References :
RE broker and biz advisor
January 6th, 2008 at 12:36 pm
These investors specialize in identifying property owners with enough equity and enough financial trouble to buy homes at a large enough discount that the investors can turn around and sell the home at a profit at leisure since they paid cash for it. Each time they make a sale they free up more capital to purchase more homes.
Krishna Perkins
New Home Locators
http://www.sahomelocator.com
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January 6th, 2008 at 12:54 pm
These are usually investor groups that plan to flip the home for a profit. They prefer owners that have equity in there some still and are in financial trouble because they won't need bank approval. Right now with the market being the way it is, they are going after a lot of short sales (foreclosure type) properties which would require bank approval to sell the home to them. All I know for sure if that you're NEVER getting deal if they buy your house; it's always under valued.
References :
January 6th, 2008 at 2:30 pm
They are investors that have access to funds to purchase houses.
References :
Oregon Realtor