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Joe Doe
 
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Default Contacting contractor to buy our house? (Long)

In article , Cina
wrote:

(This is posted to both misc.consumers.house and alt.home.repair, but
not X-posted. )



We bought our house as a "fixer-upper." We've done a lot of work to it,
but there's still more to be done before we'd be ready to sell it
through a realtor.
Any suggestions?


Cina


If you sold to the contractor and it is sold as a tear down (based on the
neighbor example you cite) the only value the house has to the contrator
is the land value + they face the nuisance and cost of removing the old
house. Any improvements you have made is not worth anything to the
contractor. So from the contractors point of view they would like to buy
the house for value of land - cost of removing house etc. if they intend
to make a profit.

Your improvements are only of value to another homeowner who might choose
to live in it as is.

IF the condition is actually quite good and only a few additional
improvements are needed (like your selling through a realtor scenario),
again the contractor will view this as a pure business decision: can they
make the improvements and sell at a profit. In both scenarios, the
discount has to be sufficiently large for them to be interested.

Roland