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7 reasons instant home purchase offers aren’t good for sellers

07/12/2017

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Sue stood in her parents’ San Diego garage, overwhelmed by the years of stuff they’d accumulated and the volume of repairs needed. Add to that the fact that she lived out of state. This sale wasn’t going to be easy. It was certainly tempting to entertain an instant offer to buy the house and walk away from all of it. But her parents needed every dollar they could get out of the house sale. So, they found an agent and the home sold to a cash buyer for full price. Like Sue, many homeowners and property custodians find themselves in a difficult situation. Time-sensitive situations, such as job loss or homes in disrepair because of finances or health, create a desire to quickly dispose of real estate. Companies such as Opendoor and Zillow are making it very simple to get a valuation and accept an offer online. But s for the homeseller and the real estate market. Let’s look at seven reasons to pass on the instant home purchase offer. 1. Inaccurate valuations For yea…

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