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I live in a 30 year old house with some updates, the kitchen needs a revamp. House needs some work also, nothing structural. I need to downsize, house was fine when the kids were growing. Should I fix it up or go for the quick cash? In the worst case I should easily walk away with $ 100k plus. Buy something smaller for cash and save around $ 900 on mortgage payments ( includes tax and insurance) There is a good chance there were will be no best answers on this but I really do appreciate any thought on this no matter how small.

3 Thoughts on The buy your house for cash ads.?
  1. Reply
    Ashley N
    November 1, 2011 at 3:42 pm

    I would personaly get ride of the house. You have to think out of what is best for you and seeing as your kids are grown I would down sizes but that’s just me, Plus you’ll be saving in the long run and seeing as you have already bought a house before you could get a better deal in the long run. Good luck!!

  2. Reply
    hanora
    November 1, 2011 at 4:41 pm

    Those buy your house for cash ads are people who are looking to get places for about 50-60% of value on the open market. I’d get a few more opinions before I went for the quick cash.

  3. Reply
    My Take on It
    November 1, 2011 at 5:09 pm

    The “We Buy Problem Houses” or for cash are going to really lowball you. At the very least, they will offer you 30% less than the going price in your market. If you have a good chunk of equity even with them undercutting the price drastically, it might be the way to go if you don’t want to deal with trying to sell it.

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