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LITTLE OR NO EQUITY
The little or no equity situation is the most common problem
we come across. In most cases, the homeowner has tried to
sell their house "For Sale By Owner" with no luck.. When
they discover they are unable to sell their home, their next
step is usually to list it with a Realtor. In order to cover
the Realtor's commission and closing costs, they usually
have to dramatically increase the asking price. Since the
price was artificially increased, the likely hood of selling
the house is reduced even further.
Even if the house does sell, any equity that does exist is
quickly eaten away by the Realtor's commission, closing
costs, taxes and holding costs, leaving the seller
responsible for bringing a large check to the closing table.
You don't have to pay real estate commissions and you don't
have to give away whatever equity there is.
We buy homes from people in situations like this all the
time. In most cases we are able to return some of the hard
eared equity to the homeowner or at least eliminate or
reduce the amount of money they have to come up with at
closing.
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