Yes, I know they’re scummy as fuck. Yes I know they’re gonna turn it into yet another overpriced rental. But I’m mostly asking if they’re otherwise legit.
I get those offers all the time and typically shitcan them immediately. The most recent offer I got is for twice what I paid for the place, and honestly, it’s enough to be my ticket out of this backwards-ass shithole state. Otherwise, barring a surprise lottery windfall, I’m stuck here for the foreseeable future.
Assuming all is above board, the main concern I have is if it’s worth that much to them, wouldn’t it be worth that much to me? FWIW, I like my house and my neighborhood, but it sadly exists within a shithole of a redneck state where I’ve been disenfranchised all my life, and I want the fuck out of here.
Edit: Thanks everyone. I knew they were scammy/scummy but several of the replies cleared up how they operate, and it’s scammier than even I was thinking. Back to buying my weekly lottery ticket and hoping for the best. 🤞
That makes sense, and is most likely what the offer is. House isn’t a slum, and I’m not facing foreclosure, so I guess they think they can make a profit on it.
I wasn’t seriously considering it, but I was at least looking into it because, yeah, I want out of here.
Yea, most likely. Typically your options for getting out in order from best to worst are:
selling yourself
selling normally with a realtor
selling “as-is”/short sale normally with a realtor
burning the house down
these wholesale guys
foreclosure
though if the house is in decent shape the foreclosure can be better given the current state of the market.