Be Wary of Unsolicited Home Offers

A lot is happening in the real estate industry right now. Interest rates are low and real estate inventory is in demand. When a property is listed on the real estate market, you can expect that it will move fast!

While most homes are sold in the traditional way, with a real estate listing and offers from potential buyers, some people are using “off-market” strategies in the industry. But be cautious about moving forward on a deal that seems too good to be true.

Unsolicited Real Estate Offers

One recent report we are hearing is that local homeowners are receiving unsolicited offers. Even though the property isn’t on the market, potential buyers reach out by sending a letter in the mail out of the blue. For example, the offer might include a promise of payment in full within two weeks, as well as cash to cover all costs and fees from the sale.

A purchase agreement is enclosed with the offer. All a homeowner has to do is sign the paperwork. The letter isn’t necessarily a scam, but you need to be careful before you sign on the bottom line.

An Offer from Real Estate Investors

Most of the time, these unsolicited offers are much lower than the market value of the property. Or another strategy of the investor is to offer you an amount in excess of your expectations.  The investor gets you to sign a purchase  agreement to only then to try to renegotiate a lower price upon their physical inspection of the home. 

Real estate investors are using this strategy by sending offers on homes in desirable areas. If the property needs a little TLC and it hasn’t changed hands in a few years, then investors see the opportunity. They want to buy low, invest a bit of money into renovations, then flip it for a profit. 

Why Rely on Only One Suitor? 

 If you desire a no hassle way to sell your home by having no visitors/ no repair requests/ no closing cost/ free rent back period for you to move to your new forever home…..you may have that opportunity.  Greenwald & Gerke can offer you the opportunity  to have 100’s of potential buyers bidding to purchase your home. 

Talk to a Real Estate Agent

At Greenwald & Gerke, our goal is to protect your investment and maximize your equity.  We specialize in real estate services for seniors.  We want to protect you against offers that do not maximize your net worth.  Call to learn more about our approach to your well being: (844)782-9674.  We’re here to mke the rest of your life, the best of your life!