Unsolicited Offer to Buy Your Home: Scam or Opportunity?

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“I want to supply you with easy funds.” “If a cash offer on your property … would interest you, please read on.”

Most homeowners are familiar with these solicitations, which come in the form of a text or letter from people or companies that want to buy your house, even if it’s not up for sale. 

Stacey Wood, a psychologist and professor at Scripps College in California, sees them a lot when she investigates cases of elder abuse and exploitation. “I’ve been meeting with clients and I can see stacks of letters. There will be phone calls interrupting our meetings, of investors who are trying to get them to sell their house.”

For many homeowners, these calls are a nuisance, a constant barrage of requests to buy a home that they have no desire to sell. But if you’re actually interested in selling, are they an opportunity? That might be the case, but if you decide to sell, you should take steps to protect yourself, experts say. And you might get a better deal by going the old-fashioned route and putting the house on the market.

“If you are looking to sell your house and you think the selling of it can yield profit for you, it’s much better to be simply be affirmative in engaging with a reputable sales person, a…

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