Austin homeowners trying to unload a property are being hit with a wave of risky “quick fix” offers that can look like a lifeline and end up as a trap. Local real estate agents say these deals tend to show up when a listing lingers, and a seller starts feeling the pressure. On paper, some contracts promise an easy close; in reality, they can quietly hand control of the home to someone else while leaving the mortgage, and all the risk, in the seller’s name.
Tanya Kerr, founder of T. Kerr Property Group, told reporters that she is seeing sellers reconsider deals they would have flat-out rejected when the market was hotter. “When homes are not selling as quickly, and inventory is sitting on the market, people become a bit more desperate to sell,” Kerr said. As…..