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Started By
Message
re: Getting a random phone call from someone asking to buy your house
Posted on 7/18/24 at 10:45 am to NatalbanyTigerFan
Posted on 7/18/24 at 10:45 am to NatalbanyTigerFan
I simply state a number I’d accept. If they take it then I’d be happy to move.
0
Posted on 7/18/24 at 10:48 am to NatalbanyTigerFan
They are wholesalers who bought a get rich quick class on flipping real estate.
They try to put the house under contact with you at a significantly below market rate. Then they find a local “investor” who is willing to buy the house and flip it.
They make $10k essentially doing nothing but making a few phone calls.
They try to put the house under contact with you at a significantly below market rate. Then they find a local “investor” who is willing to buy the house and flip it.
They make $10k essentially doing nothing but making a few phone calls.
Posted on 7/18/24 at 11:02 am to OMLandshark
Its not Vanguard or State Street. You have no idea what you are talking about. Those asset managers manage passive index funds and ETFs.
There are not indices there are comprised of single family homes.
You, sir, are an uninformed idiot.
There are not indices there are comprised of single family homes.
You, sir, are an uninformed idiot.
Posted on 7/18/24 at 11:03 am to NatalbanyTigerFan
all the dam. Time
Posted on 7/18/24 at 11:05 am to NatalbanyTigerFan
I live in Baton Rouge, so I don’t get those
Posted on 7/18/24 at 11:06 am to MarsellusWallace
Yeah, I was like wtf. State street? State street couldn’t buy its a-hole’s safety in prison with a carton of cigarettes
Posted on 7/18/24 at 11:07 am to madamsquirrel
quote:
I have had it happen. I did not entertain it.
Same here! Why do people even answer these calls? They left me a message. I deleted it and moved on.
Posted on 7/18/24 at 11:10 am to NatalbanyTigerFan
In the Atlanta metro area where large corporations buy most houses on the market you get 2-5 calls a week from people looking to buy your house.
My guess is they pay less than top dollar but they are looking for people who want to sell their house without goin through the hassle of fixing it up first. May get some kids selling the home of a parent who passed away and they live in different cities.
My guess is they pay less than top dollar but they are looking for people who want to sell their house without goin through the hassle of fixing it up first. May get some kids selling the home of a parent who passed away and they live in different cities.
Posted on 7/18/24 at 11:12 am to NatalbanyTigerFan
I get the weekly mineral rights letter offering about 5% of the EUR value - and thats exrapolated at basement gas prices. The offers could be as bad as 1-2%
I know a redneck that sold his mineral rights on some property for 2 million - his royalty checks would have paid him that in the first year
I know a redneck that sold his mineral rights on some property for 2 million - his royalty checks would have paid him that in the first year
This post was edited on 7/20/24 at 7:03 am
Posted on 7/18/24 at 11:13 am to NatalbanyTigerFan
THis has happened to me a few times; they either call, email, or snail mail. I've had the spectrum of offers, in which they low ball me and others that have offered 25-35% more than the assessed value.
ONe end of the spectrum (lower end) makes me think it's just brokers/ flippers trying to make a quick buck selling to a higher bidder.
The higher end of the spectrum makes me think it's companies like Blackrock, Compass, Hedge Fudge/Venture Capitalist trying to buy homes at almost any cost to essentially force the population into renting. As it is happening everywhere, ATL comes to mind with i believe 18K or 25K homes being owned by 3-4 VCs.
My mother would always tells us that you get rich with selling properties, but you attain wealth with renting it instead; everyone does what works for them in the end
ONe end of the spectrum (lower end) makes me think it's just brokers/ flippers trying to make a quick buck selling to a higher bidder.
The higher end of the spectrum makes me think it's companies like Blackrock, Compass, Hedge Fudge/Venture Capitalist trying to buy homes at almost any cost to essentially force the population into renting. As it is happening everywhere, ATL comes to mind with i believe 18K or 25K homes being owned by 3-4 VCs.
My mother would always tells us that you get rich with selling properties, but you attain wealth with renting it instead; everyone does what works for them in the end
Posted on 7/18/24 at 11:13 am to NatalbanyTigerFan
I had that happen. I told
Them I was very interested and told
Him my firm bottom dollar price was 200% of market value.
Them I was very interested and told
Him my firm bottom dollar price was 200% of market value.
Posted on 7/18/24 at 11:14 am to NatalbanyTigerFan
Get phone calls, texts and emails about this. I always offer it to them for $10 million. And typically get a "Thanks for wasting my time" response.
Posted on 7/18/24 at 11:14 am to NatalbanyTigerFan
Happens pretty often to us. Always tell them if they want it at $850 (its worth about $600K) its theirs. Thus far none have taken me up on the offer but hope springs eternal LOL.
Posted on 7/18/24 at 11:17 am to CleverUserName
quote:
The hook is, for some people, that the offer is more than likely higher than what people paid in 2008-2010 and they see the offer as an increase. In reality their home’s value has increased a lot more.
Apparently there is a rash of folks who bought 3-8 years ago who sell for the higher price only to find they sold for way less than it was worth and can't find anything close to what they need for the money. Lots of dumb people in the world. I heard that on NPR about 3 months ago so it may or may not be true...may be one isolated incident but it sounds like something people would do given the level of dumb some folks work with....
Posted on 7/18/24 at 11:18 am to TheWalrus
I tell my wife our house is always for sale for the right price
Posted on 7/18/24 at 11:24 am to NatalbanyTigerFan
My parents got a letter stating someone was interested in buying their house. They had recently got it appraised at like $210K. I called the number and told them they could have it for $150K. They guy was like, "No....I was thinking more of around $90K or so. I told him "Deal" and he hung up. 
Posted on 7/18/24 at 11:29 am to NatalbanyTigerFan
Never got a call like that, but if I do, I'll tell them $10 million in small unmarked bills, and that I'll have my people contact his people for the arrangements, then hang up.
This post was edited on 7/18/24 at 11:30 am
Posted on 7/18/24 at 11:33 am to NatalbanyTigerFan
Texts too.
Posted on 7/18/24 at 11:45 am to NatalbanyTigerFan
There was a poster on this site about half dozen years ago, that got a call and sold his house to some company (Zillow?) for nearly $200K more than what it was worth. He posted proof of the sale when posters called him out.
The company that bought it went bankrupt shortly after.
The company that bought it went bankrupt shortly after.
Posted on 7/18/24 at 11:47 am to HubbaBubba
quote:
They make $10k essentially doing nothing but making a few phone calls.
Ehh… those are simply called realtors.
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