I got an unsolicited offer in the mail for some property I share my siblings. We set up an LLC (maybe not the best idea) and so my address being the address of record all communication for the property comes to me.?ÿ
This was unusual because the potential buyer sent his offer in a range. The offer is about 1/10th of the lands value.
I looked at it and couldn't figure out why a range of prices, who would pick the lower number. I should have kept it, but it pissed me off and I pitched it. Strange times we live in.?ÿ
I chatted with a person I know and he got a similar offer, although his property was for sale, 18k-30k for his piece was the offer; he ended up selling for 250k.
These people wouldn't exist, if they were unable to find a mark.
Lots of desperate, gullible people out there...
I can't figure it out. I could sell the land before noon to 50 different people I know at that price. There must be some kind of scam attached to this ridiculous number. I can't figure out what it is. It's like offering 5k to someone for their brand new 4-runner. You would have to be more desperate than a meth head.
@mightymoe More like a numbers game where they identify properties from the tax rolls and blanket them with low ball offers and if they only get a couple to bite out of thousands, they're looking at a good pay day. Somebody that inherited property that they've never visited nor have any real idea of the value or wanting quick cash, would be the ideal prospect for their scheme
They all took the weekend seminar about how to buy and sell houses to become a filthy rich millionaire.
I own 8 properties including 2 houses and I think I've received between 4000-5000 texts, phone calls and letters in the mail offering to buy my property in the last three years.
If I feel like talking to them, I tell them that I'm not interested in flipper money, I am waiting for the developer-level of money.
Sometimes, I'll answer the phone and when they say they are calling about my property at #### Main Street, I'll reply, "Yes! I'm glad you called! Could you please hold for the dial tone".
I have a preformatted response for the text messages. "I do not accept unsolicited commercial texts. DO NOT CONTACT ME AGAIN". Unsolicited commercial texts are supposed to be illegal, but that doesn't stop them.
I don't know where they are getting a list of properties cross-referenced to owner telephone numbers. I assume the Appraisal District?
I had been receiving calls at all hours wanting to purchase my property at <address here>. I got so fed up, I finally told them I will be receptive to offers, starting at $300K for my modest home on 4 acres of land. Since then, I have not received any more calls.
@dougie And a few with Alzheimer's. Elderly are particularly vulnerable. An offer might look favorable compared to what they paid in 1954.
I'll bet I've heard from every realtor in Hawai'i about our vacant half acre lot with offers from $2,000 (gotta love the chutzpah there) to $55,000. Sorry guys (and gals) it's in the family trust.
I'll bet I've heard from every realtor in Hawai'i about our vacant half acre lot with offers from $2,000 (gotta love the chutzpah there) to $55,000. Sorry guys (and gals) it's in the family trust.
I get at least two mailings a week about our place on the Island. At least those are reasonably in the ball park.
I used to get unsolicited offers from some outfit from Texas for 15 acres I had on the outside of town. They were offering about 8% of what I paid for the land. Last year, I finally sold for about 3,560% of what they were offering.
Williwaw's point about inherited properties is a good point for my area. A lot of folks bought "retirement" properties on the lake but never retired here. Many of those properties never really increased much in value either. A local guy I do some work for goes through the trouble of finding heirs and making offers on several adjoining lots until he has gathered enough small lots to make a decent piece of property.
@dougie And a few with Alzheimer's. Elderly are particularly vulnerable. An offer might look favorable compared to what they paid in 1954.
I agree 100%...I get several letters a month from these real estate buyers. Every time I open it up, I think about the elderly that are getting taken advantage of.
Maybe it's Vanilla Ice trying to flip your property.
Maybe it's Vanilla Ice trying to flip your property.
...stop collaborate and listen....
There's a residential property here in town that has the same number address (with different street name) as my place. Coincidentally it's also owned by a man with whom I share a first and last name. We've both been here in town over 25 years.
I get at least three or four post cards a week in the mail asking if I want to sell my property. But lately they've had the other gentleman's property and address shown in a photo on the post card.
I've seriously considered selling his property to these sharks. I figure if all I give them is a quit-claim deed the jail sentence might be shorter than if I give them a warranty deed...
I had someone contact me about surveying a property that had received one of these offers. After looking at the property I told him to take the offer. I was going to charge him a minimum of 10K to survey his one acre lot since I had to survey over half a mile through the woods to even get to the lot, and then he wanted his lot marked, and the 30' right of way marked all the way back to the road. I told him he would have more than the $30k the low ballers had offered in his one acre lot, just getting it surveyed, and putting in a road. All of this for a property he had paid $1500 for in '92.
