Reselling the home for a higher value?

SJVJLHylandGirl
Contributions:1

Up until 3 years ago, my family and I use to own the house (4351 Hyland ave).We had been there for 34 years. My mother grew up there, I grew up there, and it's the only place my father could ever call home. It broke out hearts to sell the house and we would really love to buy it back and were wondering if there's any chance of the soon to be current owners re selling it for a higher value? We missed our chance to enter a bid, but are willing to find a way to buy the house for a higher price... PLEASE we really want our house back.

Question refers to 4351 Hyland Ave, San Jose, CA 95127

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June 15 2009

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Answers (1)

Robert Whitelaw, "RebelBroker"
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You have two options. Walk on over and knock on the door and tell the story you just told here and make an offer or secure the services of a real estate agent to do it for you.

In your situation, I would leave the agent out of it at this point. Head on over and let them know why you want to buy the house they just bought. See how they fell about making a profit on their home. If they agree, then find an agent who will take care of the contracts, etc. for a flat fee. That way it all gets done at a minimal cost.

However, you need to keep in mind that if you are going to finance any part of the purchase, you are likely going to have to come up with more money than you are planning. A bank is going to do an appraisal and if you offer more than these folks paid, the appraisal is going to come in at lower than what you offer. Just keep that in mind. Before you approach the owners, I would talk to a loan person to firm up your options.

Good Luck,
Robert