Tips on selling home to ‘quick cash’ company

Insist on written purchase offer, proper deposit

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DEAR BENNY: Can you advise me about selling to one of the companies that advertise that they buy houses in "as is" condition, for cash, quickly, and with no closing costs. My mother passed away in March 2007 and as the executor of her estate, I am now preparing to put her home up for sale. Due to the current poor market situation, in order to settle her estate within the next six months, I am considering doing this, but I'd like to know the pros and cons of disposing of her house this way. The mortgage is paid and my sister is currently living in the house but will be moving out when it is sold. --Diana DEAR DIANA: There are good companies and bad companies. I would be very careful. You should have a lawyer assist you in this process. First, you should insist that the company present you with a written proposal (an offer), which you will review with your attorney. If the price is acceptable, you will sign the proposal and it then becomes a written contract. The ...