Northwestern Wisconsin home and land owners should be aware of a growing trend: unsolicited purchase offers. With real estate inventories at historic lows, investors from near and far are contacting property owners directly. This means you might receive a call, text or postcard from a stranger offering to buy your property.
While some of these offers are made by genuine investors, a portion of them are made by fraudsters. A scammer might promise a cash purchase, but tell you to send money first for “closing costs.” Once you have sent the money, the so-called buyer disappears, and you’re out thousands of dollars.
In other cases, the offer may be legitimate, but the amount could be significantly lower than actual market value. The investor may even include sales comparisons to support the low offer, but such comparisons could focus on distressed properties, or use outdated sales info. In this situation, the pitch is all about “fast cash” and an “easy sale.” This kind of deal could short you tens of thousands of dollars.
Your best defense against unsolicited purchase offers is to ignore them. When you are ready to sell your Northwestern Wisconsin property, you can trust Six Lakes Realty to give you honest, up-to-date information about your market value, and help you obtain the highest possible sales price. If you are just curious about what your property is worth, we are happy to provide a market valuation without any charge or obligation.
Six Lakes Realty is a locally-owned family business with over 40 years of experience. Call us today for friendly, hometown service!
Six Lakes Realty
Office: (715) 924-4806