Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Selling Listed House

  Can I go to one of these places where they buy houses to see if they would be interested in mine if i have a contract with a realtor? I would like to see if they would give me what is owed on my house since we are having such a hard time selling it right now.
 
  If you can't sell it on the open market for enough to cover your mortgage loan, you certainly won't be offered that much by a "cash today for houses" company.  They have to buy at a real discount.  So the question doesn't really matter.  But for the record, you have probably signed a contract promising to pay a commission if the house is sold during the listing period so yes, you'd owe it even if you sold on your own.
    Edith
Originally published on July 22, 2008
 
    Back to Summary