Offers for homes NOT listed for sale

Blackrock

and

I do know recently there was literal grabbing on homes that were listed by MULTIPLE buyers outbidding eachother to get the properties.

In that case, a home seller could make a very nice profit, but then, when they go to buy the next home to live in, they will also likely have to out bid another person if they really want that home. That seems like a losing situation, as you may get more money for sale of your house, but still have to pay more just to get the next one.

Maybe realtors and companies are trying to get ahead of the game (first dibs) by offering to buy homes before they go on market.

they are legit offers but are for way undervalued...trying to buy up homes and land for cheap.

If so, would they be making reasonable offers, or trying to buy for way under what the homes are worth?

So the best thing is to list the homes when owners are ready to sell.

I will let a couple folks I know to not go for those offers they are getting. They thought it was legit as one person had a letter from a local realtor.

i know someone who gets them all the time, because they have a house in a highly desirable area, and some land nearby bordering the area.. but the offers aren't as much as the properties would get in the old fashioned real estate market if they were put up to sell.... they offer like 1/2 of what they could get.

Blackrock is buying EVERYTHING, so they can unload and cause a major crash...

Just watch. Im sitting on Capital now to take advantage when it happens...

sucks to be the lowly buyer.

Oh, they're making reasonable offers alright.

And buying up properties for over asking price.

Kind of reminds me that if you trade your prized vehicle with mural paint, two alarm systems, expensive rims, and bad ass sound system, the dealership will only pay you what the blue book is...Pretty sad and rip off considering.

And of course, that same spruced up vehicle will sell for closer to what it really is worth to someone on the street.

My son bought a Sylvia for 12k several months ago and recently sold it for 25k. Dealership would not have gave a crap about what was under the hood, etc.

That is not what they're doing. These are not 'flippers'.

It's like they don't care about the money, there's long term plans in the works.

Last Edited by CK Dexter Haven on 10/08/2021 03:59 AM

Your phone listens to you all the time. Part of the reason they do that is to determine what ads to deliver to you. Some companies just buy lists of contacts based on keywords and other behaviors. Seem unhappy where you live when at home or when talking to friends? These guys already know that you're persuadable along those lines, so they might cold call to see if you'd like to sell your house. Early bird stuff...and creepy spying stuff.

Alexa might have overheard them talking about it and wanted to help them out by placing an ad?

Billionaires and huge funds that have decided real estate is the best place to park their money. Shutting out small time buyers and limiting options to rentals in certain markets.

Foreign buyers may have even more nefarious motives?

Makes me wonder what those plans would be.

Can leave one also to wonder if selling their homes while they have a chance would be wise, because, maybe in the future, homes will be TAKEN from folks.

And thanks for your input. The people I know bust their asses to have the homes they live in, and a couple are having difficulties, and almost jumped at the thought of an offer without the hustle of putting on market. They were considering contacting those people in hopes of getting a good amount of money for their homes.

A friend of mine noticed her neighbor sold home, and the new buyers immediately rented out the home, renting EACH room to different people to share the house.

Seems like that is also a trend nowadays, as more people losing their homes, or have no where else to go because they cannot afford to buy a home, or pay high rent for a single house.

Sounds like communism to me coming soon, as people will not have their own property, and will have to share a house.

I get several offers a week, mostly via postal mail but sometimes email. I never reply. I'm curious whether they'd go high or low. *shrug* not selling.

I think it's certain areas. These billionaires and fund managers may have inside info about the future of said areas. Eased restrictions on multi unit dwellings, etc.

But I think a lot of it is they are trying to put more of their funds into tangible assets as they see a crash coming.

Of course there's always scammers out there with other tricks up their sleeves.

I have a few homes...

I followed up on ONE of these OFFER'S.... Turned out that offered me nearly 200K under the market price!

I was like, "Phht... FUCK THAT"

They are just trying to get lazy people to grab some money.

Last Edited by Travis Bickle on 10/08/2021 05:13 AM

The offers are real. Not a scam. However, they are trying to purchase below market value.

Typically they are targeting people that have fallen behind on their payments and have some equity. The government has slowed or stopped the foreclosure system as it usually works. So these funds have taken the initiative and are reaching out.

Most markets have less than 2 months supply of homes for sale.

If you know you are behind and will eventually lose the home, I would suggest working with several of these companies and getting multiple offers. Especially while the market is still very good.

Just my 2 cents.

No, not exactly.... They are BLANKET reaching.

My houses have always been profitable.



3.50 earned.

We get no fewer than 2 offers per week - suburb 25 miles S. of Chicago. Mail-drop cards from various companies, with contact info, and a short statement about "No Closing Fees", "As Is Condition", "No Clean-up Necessary"

House needs a little work, and they think it will be a steal.

If the offer is for $1, . . . it is a threat to your peace and safety.

We have gotten two unsolicited offers over the last 12 months. One an offer to buy our home at what they said was just over the current market rate (we have an almost priceless type of estate never going to happen) and then another offer a few months later offering the pay us to cut 5 acres off our plot and subdivide and sell to them with them covering all the expenses as well.

Figure they have made similar offers to the neighbors and now one of them has subdivided their lot and is listing the land for sale for what seems to be a drastic amount even in this crazy market. 7 acres for 2.4 million

One of our realtor friends once told us if we wanted to get a good estate on Jamestown that the best homes usually sell in these seller markets without ever hitting the market and you need to get in touch with the realtors that are based on the island as they move the inside trades and have lists of serious buyers who know what type of estate they are waiting for and have no issue overpaying so that it doesn’t touch the market first

Same. 26acres of undeveloped land. Keep getting offers. Thing is, it's in the boondocks, I own it outright, and taxes are $10 a year. Not giving that one up. The only place they are making new land is in La Palma right now. lol

We’re getting calls, letters, etc all the time. Two different realtors have shown up at our door. (Appreciate the hustle!) Populat neighborhood, supply shortage, prices sky high.

If the realtor wants to buy outright- they can do better, if they want to list it could be worth a meeting if they’d be interested in selling. Always talk to more than one though!!! Always!

Husband and his brothers own a small farm with a poor-folks' FDA house and under 100 acres pasture land. We get mailings at least twice a week, which go straight to the garbage. That land may well be what saves us (if anything will) in the coming down times.

I get mail like that every time I open the mailbox.

My brothers house is worth around 250k he got a offer last week from a Realtor that said she could sell it for 350 - 400K he's seriously considering it. And it's not the first offer he has got and his home is paid for.

He will be screwed looking for something better most of the homes for sale right now are junk and anything good has a retarded premium added to it. I think we are going to witness a 1980s type of event where hones went from 40,000 to $200,000 in about 1 decade of bad inflation.

Starter homes will be 800k and up by 2035

Yes I agree, thats about what I told him.