Installment Sales Come With Lingering Risk

From: The Washington Post | Date: May 31, 2003| Author: Benny L. Kass | Copyright information

Q We received an advertisement in the mail offering "all cash" for our house, or to give us a monthly payment for our equity. Our house is an investment property that is in need of a lot of repairs, and thus the offer sounds attractive. What guarantee does a seller have that he will get the full amount? Suppose the company goes bankrupt? How can these companies offer such benefits without even seeing the property?

AThis is one of those situations where you should remember the Latin ada...

Related newspaper, magazine, and journal articles from HighBeam Research

Make your home look loved before you put it on market Look at your house through a buyer's eyes and make any needed repairs
The Milwaukee Journal Sentinel ; Unless you're in a truly "hot" market area, you need to go through some preliminaries and perhaps make repairs to get your house in condition to command top dollar when you sell it. Forget the advice about stage-managing the aroma of cookies or bread to allure buyers, says Kenneth Austin, chairman
Look at house through buyer's eyes
Chicago Sun-Times ; The smell of baking bread isn't enough to overcome a potential buyer's concern about major flaws in a house for sale, one of the nation's leading home inspectors says. That is why many sellers are hiring a professional inspector to check out the house before putting it on the market, said Kenneth
Three ways to sell a house in a buyer's market.(Friday Home Guide)
The Washington Times ; A busy market that continues to favor buyers in the D.C. area has Realtors coming up with creative new strategies for sellers whose houses remain on the market for months and fail to sell. The sellers with the greatest challenge are those who have little or no equity in their homes and therefore
Make an Empty House Seem `Alive' to a Potential Buyer
Chicago Sun-Times ; How can you maximize your chances of selling your home if you have to move before it sells? You won't be around to entice buyers with the scent of fresh-baked bread, or to fil a room with fresh-cut flowers from the garden. Empty houses look, well, empty. Unlived in. Uninviting. They can send all
musings; Someday my buyer will come; A frustrated would-be home seller learns that having one's house on the market has surprising similarities to dating.(HOME & GARDEN)
Star Tribune (Minneapolis, MN) ; Byline: Marci Schmitt; Staff Writer After a decade and a half, my house is back on the market, and for an unfortunate reason: divorce. Because it's a buyer's market, I've had a lot of time (too much time, friends will attest) to reflect upon the similarities of trying to sell a house and trying to
Offering an Incentive Can Sell Buyer on Your House
Chicago Sun-Times ; Q. I have had my house on the market for eight months now and no one has made an offer. My agent has had open houses, advertised it in the local papers, and still nothing. I'm getting desperate. A friend of a friend suggested that I throw in my 1965 MG - the one I'd hoped to restore one day - as an
A house; a phony buyer; a lawsuit Agent admits inventing sale
The Boston Globe ; GLOBE SOUTH 1 The buyer was perfect. Real estate saleswoman Karen A. Dotolo told builder John J. Santosuosso that she had found a wealthy Fidelity vice president willing to pay for the $660,000 house he was building in Plymouth. The buyer even picked out expensive granite counters, hickory
Buyer Saves Frank Lloyd Wright House in Glencoe, Ill., from Teardown Fate.
Chicago Tribune (Chicago, Illinois) (via Knight-Ridder/Tribune Business News) ; ... price, Scherubel said. It's a big victory--for now, he said. To see more of the Chicago Tribune, or to subscribe to the newspaper, go to http://www.chicago.tribune.com/ (c) 2003, Chicago Tribune. Distributed by Knight Ridder/Tribune Business News.
DAYS ARE NUMBERED FOR THIS OLD HOUSE UNLESS BUYER IS FOUND, HOME TO BE TORN DOWN
The Boston Globe ; In 1780, Colonel Ezra Morse, a Revolutionary War veteran, built a home on what is now Wolomolopoag Street in Sharon. Nearly two and a quarter centuries later, the natural cedar- shingled Cape-style house still stands at its original location. But the weathered house's days may be numbered. If no
DAYS ARE NUMBERED FOR THIS OLD HOUSE UNLESS BUYER IS FOUND
The Boston Globe ; In 1780, Colonel Ezra Morse, a Revolutionary War veteran, built a home on what is now Wolomolopoag Street in Sharon. Nearly two and a quarter centuries later, the natural cedar- shingled Cape-style house still stands at its original location. But the weathered house's days may be numbered. If no