Zillow Advice: Selling Process - Unsolicited letters to buy my house http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Zillow Advice | Zillow Real Estate I get those, too. They obviously ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ I get those, too. They obviously fish through the local property ownership rolls, inasmuch as they &nbsp;are addressed under my previous married name, which is Hispanic. (Oddly enough, the "interested buyers" are also purported Hispanic. Sorry, compadre, that just won't wash!) Now, apparently, they have expanded their approach. I received a phone call from someone (a male, despite the unrecognized female name on the Caller ID), who claimed to be working with some attorneys buying properties. He asked if I were interested in selling my home, and, when I shortly said "No!" had the damned gall to demand to know why not! I told him I did NOT appreciate the call (which was placed through a dummy 999 area code phone number), and, further, am on the Do Not Call Registry, at which he hung up. I reported the call, FWIW, to the DNC Registry. (I also suspect that the mention of attorneys was meant to frighten a female "Hispanic" senior citizen into thinking there is something wrong somewhere, and that I should sell while I can. Inasmuch as I just finished a refi, during which I and my property were thoroughly vetted, nice try, jerks!) Tue, 20 May 2014 17:51:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2014-05-20T17:51:00Z Thank you to everyone for ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Thank you to everyone for chiming in!<br/><br/>I followed up with a couple of the solicitations.&nbsp; I had a conversation with one and told them what I have the house "listed" for here on Zillow.&nbsp; They sent a letter a few days later saying they weren't able to get any where near my price.<br/><br/>The second company offered a price immediately.&nbsp; However it was based upon the current taxable amount found on the county tax rolls.<br/><br/>So, in my estimation this would not have been a good experience with either.&nbsp; Thankfully were not in a situation that requires a quick cash out.&nbsp; I feel badly for those who are.<br/><br/>Thanks again. Tue, 10 Sep 2013 19:43:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-09-10T19:43:00Z As an investor, I do send ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ As an investor, I do send out letters to for sale by owner listings.&nbsp; I agree that in most cases it is in the sellers best interest to list the property with a realtor to get top dollar.&nbsp; <br/><br/>But in those instances where the seller needs to sell quickly and receive a cash offer, investors can make this happen.&nbsp; We also buy less desirable homes that traditional buyers will not buy.&nbsp; My last purchase was a house where the owner thought they would "fix things" and ended up just tearing the place apart.&nbsp; It had been sitting vacant for over a year with no offers.&nbsp; I bought the property and invested in the necessary repairs.&nbsp; I have a nice renter in it now and the town no longer has a purple eyesore. (Yes it was purple) The house before that one smelled so badly with cat urine.&nbsp; We had to take all the floor, ceiling, and wall board out and replace it. Again, an ugly (and smelly) house brought back to life. <br/><br/>I think that many assume investors are out to take advantage of people and yes as in any business there will always be those that do.&nbsp; But we and most will only do a deal IF if is in the best interest of both the seller and buyer.&nbsp; If not, we refer them to a reputable realtor or broker.&nbsp; I did just that twice this week already. Thu, 22 Aug 2013 21:08:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-22T21:08:00Z In most parts of the country ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ <p>In most parts of the country today, there are far more buyers than there are sellers. The solicitations you're receiving are an indicator that the real estate market is still heating up.<br/><br/>If you're interested in selling your property, call a real estate agent and ask the agent to give you a realistic assessment of what your property is worth.<br/><br/>Because the agent makes a commission only upon the sale of your home, he or she will simply give you a realistic selling price.<br/><br/>It is likely to be higher than the prices that the soliciting companies will offer.&nbsp; Those companies, however, always buy for cash and there are no mortgage contingencies to worry about.<br/><br/>Also, if your property is in need of repairs that a mortgage will not cover, then you may want to talk to the wholesale purchasers.<br/><br/>However, if the property is in reasonable shape and you are ready to sell it, you may want to work with the realtor.<br/><br/><br/><br/><br/><br/></p> Thu, 22 Aug 2013 02:34:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-22T02:34:00Z Most of those letters are ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Most of those letters are just "fishing for steals".&nbsp; They are sent out in bulk with minimal filtering.<br/><br/>If they were really interested in the specific property, they would have sent a written formal offer instead.<br/><br/>I've gotten dozens in the past several years.&nbsp; They always go straight in they recycle bin if they don't have a formal offer (with the price and terms....) Wed, 21 Aug 2013 16:49:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-21T16:49:00Z Yeah, I think so too, ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Yeah, I think so too, morningside.<br/><br/> Wed, 21 Aug 2013 16:27:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-21T16:27:00Z THANK YOU!&nbsp; To all of ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ THANK YOU!&nbsp; To all of you.<br/><br/>Multiple great points.&nbsp; All of which I need to follow-up.<br/><br/>I find it interesting and somewhat encouraging that we're receiving these letters now.&nbsp; The house has been rented out for the last 8 years and in that time maybe two letters of this type have been received; we've received five in the past month alone.&nbsp; <br/><br/>To my viewpoint, albeit uneducated and quite myopic, I see this as a turn in the market.&nbsp; Wed, 21 Aug 2013 13:42:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-21T13:42:00Z Well, I have listed and sold ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Well, I have listed and sold two properties this year that received solicitations, and in both cases we netted substantially more than the unsolicited offers would have netted. Tue, 20 Aug 2013 23:57:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-20T23:57:00Z Zillow has a section called ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Zillow has a section called <a href="http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm">"data coverage and Zestimate accuracy"</a>.&nbsp;&nbsp; Click on the link to get a better idea of accuracy for your area.<br/><br/> Tue, 20 Aug 2013 19:53:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-20T19:53:00Z Have an appraisal done by ... http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ Have an appraisal done by a licensed appraiser and then send that to the solicitors.<br/>If you want to sell. Tue, 20 Aug 2013 19:51:00 GMT http://www.zillow.com/advice-thread/Unsolicited-letters-to-buy-my-house/507757/ 2013-08-20T19:51:00Z