Texas realtor offers guarantee to sell homes within 60 days

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 doesn’t sell within 60 days, the company said it will pay $1,000.

“While 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 doesn’t always happen this way,” VIP Realty said in a news release. “The 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.”

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, Zillow’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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