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May 19, 2022 - 10:12:24 AM
13205 posts since 1/15/2005
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I have gotten several calls in the last few months asking for someone who does not live here .... all on my cell phone. They ask for Ben, Ed, Roger, etc. and I tell them that they must have the wrong number. After an apology, they say "while I have you on the line, do you have any real estate that you would like to sell?" Maybe it is not new, and not really too egregious, but still sort of a slimy tactic to find people wanting to sell real estate. "Slimy", because the first thing they do is tell a lie. Am I wrong or is this a legitimate tactic?

May 19, 2022 - 10:37:33 AM
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banjoy

USA

10269 posts since 7/1/2006

For decades before my mom retired, she was a realtor, and for a while, was the Ethicist (is that the right word?) for the SC Board of Realtors. I think I hear her answer from the grave...

Once is a fluke. More than once is a tactic. An unethical one at that. Folks like that are on a fishing expedition. You are right to be wary.

May 19, 2022 - 10:45:56 AM
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11145 posts since 8/22/2006

You are aware of this now just play along and tell them yes yes I do have handy the GPS coordinates of the White House. OR a bridge in San Francisco.

May 19, 2022 - 11:08:37 AM
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rcc56

USA

4227 posts since 2/20/2016

Around here, the more or less legitimate "investors" looking for homes to buy cheap and flip at a profit don't play games. They call and more often than not, give their names and ask if you want to sell.

Your callers sound like scammers to me.  "Legitimate" buyers access property tax records and know the owner's name and the location of the house before they call.

I have gotten so many of these and other spam calls that if I don't recognize a caller's number, I let the call go to voicemail. If somebody really wants to talk to me, they leave a message. The house flippers don't.

I also get stuff in the mail from flippers-- sometimes 2 or 3 a week.
Sometimes I get tempted to respond and price the house at 4 times its market value.

Edited by - rcc56 on 05/19/2022 11:13:10

May 19, 2022 - 11:19:07 AM
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Texasbanjo (Moderator)

USA

27358 posts since 8/3/2003

I haven't gotten any phone calls about if I want to sell my home, but I do get letters and postcards saying they will buy it and not ask for appraisals and inspections and will pay in cash. I send that information to File 13 immediately. If I got calls of that nature, the call would be blocked as soon as I ascertained it was a scam.

May 19, 2022 - 12:05:54 PM

13205 posts since 1/15/2005
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I have gotten several legitimate letters from corporations and individuals asking about my property. I got one from the Toll Brothers, who are a large residential developer, but was baffled because the size of my property is nothing like what they usually develop. The only thing I can think of is that the location is close to everything and there are just no larger developable tracts of residential land in this location. Plus, now all of the developers are putting way too many houses on too little land.

The other letter was from a man who had sold his house in a very ritzy gated community that wanted my house and land to build a new home. He said he didn't care about the condition of my home. I checked him out and he was legit, but my wife wouldn't even think about talking to him. I would have!

May 19, 2022 - 12:09:46 PM
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banjo bill-e

Tuvalu

12229 posts since 2/22/2007

I would occasionally have salesmen come into my store pretending to be a customer, and as I was attempting to lead them to what they had said that they "wanted", they would slowly transition the conversation to THEIR sales pitch. I would just stop and say "do you really think that I would ever buy anything from anyone who introduces themselves with a deception?"

May 19, 2022 - 12:11:45 PM

rcc56

USA

4227 posts since 2/20/2016

There's been a feeding frenzy on the real estate market here over the last 2 - 3 years. Prices have gone up significantly. In some places they have tripled.

What the "legitimate" investors are looking for is people who are either unaware of the price boom, or folks who are in financial stress and will sell cheap for quick cash. They are bargain hunters who will buy a house for less than market value, spend a few thousand on paint, and resell at full price. They're looking for places they can get cheap enough for them to make a profit. They are not out-and-out scammers in the literal sense of the word because they will write a contract and close a sale for the agreed upon amount.

I'm sure that there are others who are true scammers, and are just looking for a way to hack into bank accounts, or even possibly con an owner out of his title.

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I like my home, and modest as it is, it's paid off.  For me to sell, I'd have to get 3 times its market value to make it worthwhile, because that's what it would cost for me to get a place I liked much better.  The investors are not going to want to pay anywhere near what I would want.

Edited by - rcc56 on 05/19/2022 12:18:40

May 19, 2022 - 12:38:27 PM

RonR

USA

1939 posts since 11/29/2012

I get the letters and calls . I read that big corporations are buying up residential real estate. When they call I always tell them its for sale, give them a high number, and tell them I want half in gold.

May 19, 2022 - 3:00:08 PM

csrat

USA

1110 posts since 9/14/2008

quote:
Originally posted by 5B-Ranch

You are aware of this now just play along and tell them yes yes I do have handy the GPS coordinates of the White House. OR a bridge in San Francisco.


In my early twenties, I lived in an apartment complex that was two, brick buildings of four units each. It was at the end of a pleasant, single residence road in a nice, suburban neighborhood. 

I'd get calls about how nice and carefree aluminum or vinyl siding was, and maybe I'd be interested in a very, special offer to get a big discount on siding, so my home could be used as a model home to show others the beauty and quality of the product!

I gave them the street address, without any apt. number, and waited for the next company to call.

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May 19, 2022 - 3:03:06 PM

13205 posts since 1/15/2005
Online Now

quote:
Originally posted by rcc56

There's been a feeding frenzy on the real estate market here over the last 2 - 3 years. Prices have gone up significantly. In some places they have tripled.

What the "legitimate" investors are looking for is people who are either unaware of the price boom, or folks who are in financial stress and will sell cheap for quick cash. They are bargain hunters who will buy a house for less than market value, spend a few thousand on paint, and resell at full price. They're looking for places they can get cheap enough for them to make a profit. They are not out-and-out scammers in the literal sense of the word because they will write a contract and close a sale for the agreed upon amount.

I'm sure that there are others who are true scammers, and are just looking for a way to hack into bank accounts, or even possibly con an owner out of his title.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------

I like my home, and modest as it is, it's paid off.  For me to sell, I'd have to get 3 times its market value to make it worthwhile, because that's what it would cost for me to get a place I liked much better.  The investors are not going to want to pay anywhere near what I would want.


Bob ..... I think those are some of the ones that put "We buy houses" (for cash) on power poles at intersections.  I guess they get some calls or they would not waste their time doing it.  I guess they are doing what they say ...... but I ain't calling.  

Whta would make a food offer on my property attractive (to me anyway) is that I can quit mowing acres of grass and paying to power a house that is four times larger than we need.  But my wife loves it here and the grandchildren have a good place to play when they visit.  I really can't complain.

May 19, 2022 - 3:05:48 PM

STUD

USA

35825 posts since 3/5/2008

Ha...

When giving them directions to me address at the time...
The last bit of directions.. Ya can't miss me ....I'm the only log cabin on the road

May 19, 2022 - 3:26:12 PM

rcc56

USA

4227 posts since 2/20/2016

quote:
Originally posted by BanjoLink
quote:
Originally posted by rcc56

There's been a feeding frenzy on the real estate market here over the last 2 - 3 years. Prices have gone up significantly. In some places they have tripled.

What the "legitimate" investors are looking for is people who are either unaware of the price boom, or folks who are in financial stress and will sell cheap for quick cash. They are bargain hunters who will buy a house for less than market value, spend a few thousand on paint, and resell at full price. They're looking for places they can get cheap enough for them to make a profit. They are not out-and-out scammers in the literal sense of the word because they will write a contract and close a sale for the agreed upon amount.

I'm sure that there are others who are true scammers, and are just looking for a way to hack into bank accounts, or even possibly con an owner out of his title.


Bob ..... I think those are some of the ones that put "We buy houses" (for cash) on power poles at intersections.  I guess they get some calls or they would not waste their time doing it.  I guess they are doing what they say ...... but I ain't calling.  


In addition to the "power pole we buy houses" people [who are to be completely avoided], there's a new breed that's looking for houses in areas that were modest, but have heated up.  A lot of them appear to be 25 to 45 year old people from wealthy families.  I think they're mostly after poorer or aging owners who want to cash in quickly without the headaches of negotiations or the costs of repairs.  They buy them, clean them up, then flip them, often through high dollar boutique brokers.

When the market crashes, this new breed will disappear, but the power pole guys will still be around.

May 19, 2022 - 3:40:59 PM

Bill Rogers (Moderator)

USA

26041 posts since 6/25/2005
Online Now

I get mail "want to buy" solicitations all the time. From local agents to national investor corporations. All go straight to recycle. The other thing I get is door-to-door house renovation solicitations. I cut them off by saying my niece is a contractor and does all my work; that's true, and it sure saves a lot of time listening to spiels--legit or questionable.

May 19, 2022 - 6:04:16 PM
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donc

Canada

6924 posts since 2/9/2010

All the good contractors around here are swamped with work. You give them your name and they call you in 6 weeks [maybe ?]. If somebody is going door to door they are probably in the middle of a correspondence carpentry course.

May 19, 2022 - 6:41:31 PM

5 posts since 5/1/2022

Sounds slimy alright, but that doesn't mean it's not being used. It's kind of clever if you think about it since they can just randomly cold call anyone and inquire about it. Don't know how much an approach like that would work, but I guess it's worth it at a certain percentage. (I'm not condoning this - I hate tactics like this)

May 20, 2022 - 1:49:32 AM

m06

England

11178 posts since 10/5/2006

quote:
Originally posted by rcc56

>When the market crashes, this new breed will disappear, but the power pole guys will still be around.<


"When the market crashes..." is an often heard remark in regard to housing prices.

History shows us that the unsustainable always burst, even in situations that have been growing in size for 40 years.

We are already far into the red sector unsustainability phase with housing . So why do folks even now, continue to stake claims on the unstable smoking volcano?

Edited by - m06 on 05/20/2022 01:50:49

May 20, 2022 - 3:32:18 AM

1600 posts since 9/6/2019

quote:
Originally posted by BanjoLink

I have gotten several calls in the last few months asking for someone who does not live here .... all on my cell phone. They ask for Ben, Ed, Roger, etc. and I tell them that they must have the wrong number. After an apology, they say "while I have you on the line, do you have any real estate that you would like to sell?" Maybe it is not new, and not really too egregious, but still sort of a slimy tactic to find people wanting to sell real estate. "Slimy", because the first thing they do is tell a lie. Am I wrong or is this a legitimate tactic?


I get these same types of calls only they are soliciting money for some "charity". They'll ask for Marsha, and when you say they have the wrong number they say "Well maybe you can help me". That's about the time they hear a dial tone.

May 20, 2022 - 5:45:16 AM

7960 posts since 9/5/2006

i have got to the point that if i don't know the number ,,they get cut off,,period calls and text are deleted.

May 20, 2022 - 6:18:05 AM
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13205 posts since 1/15/2005
Online Now

quote:
Originally posted by 1935tb-11

i have got to the point that if i don't know the number ,,they get cut off,,period calls and text are deleted.


I wish I could do that Terry, but I am still in business and every call may be a new client.  I still do not answer calls that my answering machine calls "spam" or my cell phone indicate that it's spam.

May 21, 2022 - 8:47:54 AM

2541 posts since 7/20/2004

I get regular snail-mail real estate ads of both the buy and sell variety about farmland, but if there have been calls, they've gone into the voice-mail bucket and have been trashed. The only contact I've ever had about this house is from the daughter of a former owner who asked me to let her know if we ever want to sell. I could sell it in a week for twice what we paid for it, but there's nothing available that I'd swap it for, even at that price.

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