Orrindale

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Your numbers

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Your best guess as-is. Look at two or three sources: recent sales on your street, an online estimate, your county assessor's value.
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The number in writing. If they haven't put it in writing, that is a warning sign by itself.
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Mortgage, home-equity loans, back taxes, liens. Your lender and tax office can give you a payoff number.
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Leave at 0 if you don't know. A cash buyer takes the house as it is; to list it you might fix some things first.
Ask a local agent. Fees are set between you and the agent and can be negotiated.
Transfer tax, title, and similar. A local agent or title company can tell you the real number for your area.

Did the buyer do any of these?

What this offer means for you

The offer is
Cash to you from the offer, after paying what you owe
Rough cash to you if you listed instead
The difference

Listing can bring more, but it usually takes longer, needs showings, and isn't always possible before a tax sale or foreclosure date. A cash sale is faster and simpler. Both can be the right choice; the point is to know the difference before you sign.

Why a cash offer is usually below full value

A cash buyer takes the house as it is, pays for the repairs, carries the costs while the work is done, and takes the risk of reselling. In return you get speed, no showings, and no repairs of your own. That trade is why cash offers come in under what a fixed-up house would list for.

The simplest way to feel good about a number is to see more than one. Each buyer is pricing the same house, and comparing them tells you where the market really is.

Before you sign anything

  • Get the offer and every promise in writing.
  • Close at a title company or real estate attorney. Never hand over your deed before you're paid.
  • If you're behind on payments or taxes, talk to a free HUD-approved housing counselor first: 1-800-569-4287. They work for you, not for a buyer.
  • Read our guide to spotting foreclosure rescue scams.

This is a rough estimate for comparison, not an appraisal, and not legal, tax or financial advice. Your real numbers depend on your loan payoff, local costs and the buyer's written terms.

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