Anybody Use Roofstock to buy or sell?

Question

I was recently made aware of Roofstock. Does anyone have any experience with them? Basically the will list and sell investment properties with tenants in them to other investors based on cap rate. 2.5% commission.

Curt Davis · Answer

Scott, Here is what I know as my partner is selling his first home through them: disclaimer - my info is 2nd hand so someone else might be able to confirm better then I.

You agree to list the home with them and they lock you in for 45 days. You pay 2% commission. They will come and inspect your home, take pics and make sure it is up to their standards in order to list. They will even make suggestions on sale price and what they think it will rent for. The first 72hrs of being listed, several offers could come in but you can not do anything until that time is up and then you can either counter or select the best one or turn them down. Also was told Roofstock already has the ppl making the offers on your home qualified with financing and once a contract is signed they will move this to closing.

Again this is what I was told. I have a home coming up I might flip and would consider using them.

I would have to think that the many affiliate marketing companies out there dislike them.

Good luck

Anybody Use Roofstock to buy or sell?

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