Many U.S. home-owners expect difficulty when selling properties due to the weak demand. But a Dallas real estate brokerage is now offering a guarantee, of sorts, claiming it can sell the homes of its clients.
VIP Realty Platinum said it is now offering its sellers a 60-day home sale guarantee. If the home doesnâ€™t sell within 60 days, the company said it will pay $1,000.
â€œWhile every agent will promise to sell your home quickly and for top dollar, the realty of the real estate market today is that this simply doesnâ€™t always happen this way,â€ VIP Realty said in a news release. â€œThe fact is that the majority of homes listed for sale sit on the market for months and many of these homes never sell at all.â€
The company did not say how it would determine what would be the lowest price discount that it would sell such properties for.
At a low point in 2010, some 40% of properties in the Dallas-Fort Worth area of Texas sold for a loss, according to Zillow.com. As of February, Zillowâ€™s home value index for the area was down 9.3%. The median list price was $139,500, but the median sale price was $110,000.
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