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I Want To Buy Your House

 

Buy your house letters SCAM

 

On my ALL ABOUT REAL ESTATE live radio show today, a caller wanted to know about the cards, letters, flyers, and emails stating, "we will buy your house, no commission, and no repairs." There are some "real-looking" letters.

 

Her question was about selling a home "AS IS" and asking my opinion.

After talking about the two ways of selling a home as-is in our Maryland contract, I proceeded to ask for her description of her home.

Why did she feel the need to " unload the house." She went on to describe the property as a two-story home, only having three bedrooms, one bath, an unfinished basement, no central air, and an older kitchen. She was only telling me what she perceived as the negatives. With more questions, I found out the roof was only five years old, replacement windows, and there was a free-standing two-car garage, which she quickly told me did not have electricity.  I asked if the house was livable. Her answer was, of course. My suggestion was to have a professional Real Estate agent evaluate the property, doing neighborhood comps, but with just her information, I suggested some marketing. 

Without seeing the house (only the owners kind-of- negative description), I suggested the way to advertise this home would be something like this.

"Single-family colonial home with three bedrooms, and a full lower level ready to finish, one full bath, replacement windows, 5-year roof, and a bonus two-car garage!"

The price would reflect the condition in comparison to the neighborhood. This home, to me, sounds perfect for first-time buyers who can do any future updates as they "grow into the house." For someone handy who would enjoy putting in a new kitchen. And that garage has so many possibilities, to park cars, it would make an excellent workshop, playhouse, a hobby area, an artist's studio, a place to work on cars and bikes, etc. 

Without seeing this home, it does not sound like an "AS IS" property ready to be sold for cash, with no repairs and no commission.

And that was a radio caller.

 

 

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Comment balloon 14 commentsMargaret Rome Baltimore 410-530-2400 • January 27 2020 12:49AM

Comments

I had a client that fell for one of those, he had a property in 21206 and just wanted it gone, I kept telling him he'd get more if he listed it, but he didn't listen.  In the end he had to make repairs to the house before it sold and he got less than what he would have gotten otherwise.  He called me in the middle of it crying and I told him sorry, he was under contract and there was little I could do to help him now.  "Seller Beware"

Posted by June Piper-Brandon, Piecing Dreams One Home at a Time (Houwzer LLC) 4 months ago

Sounds like that seller connected with a professional who understands how to market a property to get top dollar.  Hope you get that listing!

Posted by Lynnea Miller, Premier Real Estate Service in Central Oregon (Bend Premier Real Estate) 4 months ago

Margaret,

Good thing she called you, hopefully she will call again when ready to actually sell.

Posted by MichelleCherie Carr Crowe Just Call...408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty) 4 months ago

Morning Margaret.

I wonder if your phone will ring this morning, ending in you getting another listing?  Care to make a bet?

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) 4 months ago

Good morning, Margaret Rome, Baltimore Maryland I'm sure this one and many others are calling to interview you without calling it an interview for a pre-listing presentation.... some homeowners are hesitant to call for fear of being pressured....  your radio program is a "gold mine" for you to introduce yourself to the public...

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 4 months ago

Hello Margaret - this is likely a very common thought(even if not asked) by many homeowners.  Understanding the possible reasons behind the effort should make people think a bit more.  And that's a good thing.  Always.   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 4 months ago

Good morning Margaret. For a positive spin on your home all you need to do is call Margaret Rome. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 4 months ago

June Piper-Brandon Some people have to learn the hard way. Sorry to hear it was a client of yours.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Lynnea Miller You are a sweetheart!

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

MichelleCherie Carr Crowe Just Call...408-252-8900 I enjoyed talking with her on live radio!

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

James Dray As of yet, it has not rung! :)

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Barbara Todaro I am really enjoying the radio show and thanks to your encouragement, I am going to use it more in my print media.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Michael Jacobs The public sees those advertisements everywhere, at intersections, on billboards, in snail mail, email and phone calls. If it sounds too good to be true....etc.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Wayne Martin I love your spin on this. Thank you!

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

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