Zillow Advice: Home Selling - I have been looking at trying to sell my house quickly...do you recommend a company that buys houses http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ Zillow Advice | Zillow Real Estate Hi Ofe,After weighing out ... http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ Hi Ofe,<br/><br/>After weighing out our options we have decided to possibly go through a rent to own program in order for us to have our current mortgage payment paid by a renter instead. &nbsp;After researching our options it seems like he rent to own option is a much better pick for us because there doesn't seem to be as much risk involved. &nbsp;I believe there is more risk with doing traditional renting because the renter doesn't have intentions of buying the property. &nbsp;We would probably want to buy another property after we start renting our property on a lease to own program. &nbsp;I have been reading that most lenders are requiring that you have at least 20% equity invested in your rental property before they will give you another loan. &nbsp;Is this true? Tue, 03 Jul 2012 03:47:00 GMT http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ 2012-07-03T03:47:00Z Hi Mark, you definetely need ... http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ Hi Mark, you definetely need to have a comparative market analysis done on the property so that you know how much over the amount that owe, you are able to go, since you will have closing expenses too. &nbsp; Mon, 25 Jun 2012 23:14:00 GMT http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ 2012-06-25T23:14:00Z Hi Ofe,Thanks for replying ... http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ Hi Ofe,<br/><br/>Thanks for replying back so promptly.&nbsp; I owe $98K on my house right now between 2 mortgages.&nbsp; I have an 80/20 financing plan that I signed to in 2006.&nbsp; I would be willing to accept a payment of $98K from these companies and nothing less to pay off my 2 mortgages.&nbsp; The reason I'm trying to sell my house is that the house repairs/maintanance has been turning into too much for me to handle.&nbsp; The house was built in 1928 so there are alot of expensive repairs that need to be done to it in order to be a responsible homeowner.&nbsp; Anyhow I haven't really done an extensive market analysis just yet.&nbsp; I don't have a listing agent right now, but am very open to talking with a listing agent to help me figure out a solution to my issue.&nbsp; I don't have a real estate attorney just yet, but I will definitely need to get one if I decide to take an offer from one of these "quick buy" companies.&nbsp; Let me know your thoughts Ofe. Mon, 25 Jun 2012 22:57:00 GMT http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ 2012-06-25T22:57:00Z If you wish to sell for approximately ... http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ If you wish to sell for approximately 50% of market value and aren't hoping for a short sale, the companies that buy houses for cash may be for you Mon, 25 Jun 2012 22:40:00 GMT http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ 2012-06-25T22:40:00Z How much $$$ are you willing ... http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ How much $$$ are you willing to accept from those companies?&nbsp; Have you done a comparative market analysis already?&nbsp; Do you have a listing agent?&nbsp; Do you have a real estate attorney to whom you can submit an offer from the company that buys your home? Mon, 25 Jun 2012 22:32:00 GMT http://www.zillow.com/advice-thread/I-have-been-looking-at-trying-to-sell-my-house-quickly-do-you-recommend-a-company-that-buys-houses/448371/ 2012-06-25T22:32:00Z