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> These people could hire a realtor and retain 95% of the value of their home. And it would take longer. If my parents house was dilapidated and I had moved a
by scarface74 3y ago
> These people could hire a realtor and retain 95% of the value of their home.
And it would take longer. If my parents house was dilapidated and I had moved away years ago, I would do something like this not to deal with the hassle.
If I had to relocate quickly and didn’t want to sink money into a mortgage waiting for a house to sell, I might use something like OpenDoor knowing I could get more if I made the house ready for sale and use an agent.
- strix_varius 3y ago> And it would take longer. And it might take longer. I recently sold our old house without a realtor. It's the 5th house I've sold, the first one where I did FSBO, and it was the fastest to close. If you presented the same people with: I can get you $150k today or I can get you $300k in 45 days, it's pretty ridiculous to suggest that any reasonable person would choose the former. There are plenty of means to get short-term loans of tens of thousands of dollars, as a homeowner, without setting fire to half the value of your largest asset when you're 65 or older.