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I recently received a letter from a local R.E. agent from a national realty company. The agent states he has a client who wants to purchase my home, all cash with a short closing. The letter says to contact him directly to commence the process.
Foremost, I am not interested in selling. Maybe this is a R.E. tactic to prey on new home buyers who realize they can't afford the mortgage payments or have buyer's remorse. The "all cash" offer is probably way below market value.
Normally I'd toss a letter like this but,
1. The letter was hand addressed to me. It wasn't bot-generated and or computer printed like the other solicitations I've received. The envelope's writing matches the agent's signature on the letter.
2. Maybe the R.E.A.'s client had viewed the property during open house last summer. But the client missed out on writing an offer by the time I had a signed contract to buy it. In that case I would like to inform the agent/client to move on to another property.
3. It feels weird that some client and realtor could be obsessing over my home. I'd rather not have them knocking or stalking me out front.
I will have no problem ignoring the letter if this is a common R.E.A. solicitation to new buyers. If it's legit, I am wondering how to handle it: Should I send a brief e-mail to the R.E.A. saying thanks but I'm not interested in selling? Or just ignore the letter anyway?
I get those letters all the time for my house and my rentals. All are in very desirable areas for one reason or another. I just shred them. I wouldn't bother with a response.
I recently received a letter from a local R.E. agent from a national realty company. The agent states he has a client who wants to purchase my home, all cash with a short closing. The letter says to contact him directly to commence the process.
Foremost, I am not interested in selling. Maybe this is a R.E. tactic to prey on new home buyers who realize they can't afford the mortgage payments or have buyer's remorse. The "all cash" offer is probably way below market value.
Normally I'd toss a letter like this but,
1. The letter was hand addressed to me. It wasn't bot-generated and or computer printed like the other solicitations I've received. The envelope's writing matches the agent's signature on the letter.
2. Maybe the R.E.A.'s client had viewed the property during open house last summer. But the client missed out on writing an offer by the time I had a signed contract to buy it. In that case I would like to inform the agent/client to move on to another property.
3. It feels weird that some client and realtor could be obsessing over my home. I'd rather not have them knocking or stalking me out front.
If this is a common R.E.A. solicitation to new buyers, I will have no problem ignoring the letter. If it's not, I am wondering how to handle it: Should I send a brief e-mail to the R.E.A. saying thanks but I'm not interested in selling? Or just ignore it anyway?
As others have said, it is junk. Investors are trying to get good properties for cheap, and are hoping a cash offer will entice a few owners to sell (so, it is a real offer to buy your home, but you will not get a good offer anywhere near market value). Those letters get sent to lots of owners, not just people who recently bought. I just toss them.
It is not necessarily junk mail. It may be quite sincere, since one never knows for sure unless one asks.
With very low inventory in this area, I have a client who has targeted a few neighborhoods.
I am contemplating similar marketing. It is very time consuming, with a very low chance of success, but I am considering it.
But, since you have no interest in selling, I agree with others. Just toss it out.
Since I just started advertising one of my rentals I have gotten a lot of email offers for if I want to sell or offers to RTO. I politely decline either offer. I'm sure it gets some thinking to sell and it. Works otherwise RE agents wouldn't be doing it
I get those "we want to buy your home" solicitations all the time for a house we own in a very desirable neighborhood. However, I've also written letters for clients who want to live in a particular neighborhood, who, after viewing everything currently on the market, have seen houses (from the outside) that look like they might be what they're looking for, and have successfully closed deals this way. I've usually checked the MLS and tax records to make sure the house isn't a recent purchase, but perhaps not all agents do that.
Either way, if you're not interested in selling, no response is necessary.
Probably junk mail.. if you respond to it, you are probably just setting yourself up for a harder sales pitch.
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