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Old 10-27-2005, 09:37 PM
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Lightbulb Beware of "We Buy Ugly Homes."

WASHINGTON The signs are everywhere on big, blaring billboards and pieces of cardboard tacked onto telephone poles: "We Buy Ugly Homes." Or sometimes, "We Buy Used Houses." Or perhaps simply, "We Buy Houses."

But if you decide to deal with the "rapid resellers," don't expect to get top dollar.

And exactly how much you'll get doesn't always depend on the condition of your property, either. If you are willing to take your money over time, for example, you may be able to cut a better deal than if you want all your money immediately.

"Everything is negotiable," says Pablo Simmons of Home Seller Solutions, a College Park, Md., company that offers to "Buy Your Home Right Now." Simmons, who's been investing in "any-condition" houses for two years, says he's done deals in which hurry-up sellers netted 95% of the true value of their homes.

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