[ncfool]

Getting ready to sell my house that I have lived in for 32 years. It’s in a good neighborhood. So I saw this ad for a firm called OPENDOOR which is a Internet buyer of homes. They pimp you by asking you what you think you want so I said 425,000. They came back and said that their average in my neighborhood was 430,000. The next step was to do a virtual walk-through. Since my house is not ready to sell it would be as is where is and they said that is OK. I might go ahead and do the virtual survey because it would be easier than spending the $15,000 to paint and re-carpet to get it ready for sale. Has anybody had any dealings with these virtual buyers of homes.

Evidently Web buyers are driving the prices of homes up. Tempted to give it a shot

[ncalburt]

Run Now

Its A scam .
Your house is probably worth alot more .

Get a few good realtors to do a CMA on the real market value .
Homes are in bidding wars now .

[ncalburt]

Homes sell by value per Sq Ft and lot size and garage size etc,,
Not by a average .
Open Door is a Scam .

[Az Joe]

Kiss about $40k goodbye with Open Door.

[Pelham]

Real estate professionals use staging companies to make houses look good. You could hire one yourself before having Open Door video your place. I suspect that they can fix you up for a lot less than 15K.

[Dr. Sivana]

Has anybody had any dealings with these virtual buyers of homes.

We looked at a couple of houses being flipped by a similar company here in Arizona. It is a legitimate business model. The company that bought the houses does take a 10% commission from the homeowner on the sale, which is how they can give a reasonable price and still make money on the flip. They do a minimum fix up, mostly just paint. In the case of the company selling the houses, they sell, not rent, and around here in AZ our main adversaries are folks with cash from California bidding everything up. We did find a house to buy. It has a solar lease that has to be picked up and that scared off a lot of potential buyers.

[DUMBGRUNT]

—”Tempted to give it a shot”

Whatever you do, use an attorney that specializes in real estate.

There are many verities of attorneys and there can be a huge difference.

About a week before we closed, the owner stopped by our house, totally distraught, his wife had ALS and had taken a turn for the worse.
He handed the title for the house to my wife and said he did not know what to do, his attorney that he had paid in full would not help.
We were all local and I had the misfortune of once using his attorney; bad news.

My wife took the title to our real estate only attorney, he said if necessary he could close without the sellers.

The sellers came to the closing, their paid in full lawyer was a no-show.

They were very nice people and built a log cabin in the woods for retirement and now the wife was in a wheelchair.