{"id":61779,"date":"2023-09-16T11:22:14","date_gmt":"2023-09-16T15:22:14","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/handwritten-notes-flowers-what-buyers-will-do-to-buy-a-home-right-now\/"},"modified":"2023-09-16T11:22:18","modified_gmt":"2023-09-16T15:22:18","slug":"handwritten-notes-flowers-what-buyers-will-do-to-buy-a-home-right-now","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=61779","title":{"rendered":"Handwritten notes, flowers: What buyers will do to buy a home right now"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002499397\" role=\"document\">\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>I live in Southern California, in a neighborhood less than a mile from the beach, on a tree-lined street with great public schools and neighbors who knock on each other\u2019s doors to borrow sugar. My kids can play in the street with their friends, we\u2019re walking distance to shops and restaurants and there are plenty of notable residents in my 24-square mile town.\u00a0<\/p>\n<div class=\"paywall\">\n<p>So for good reason, barely anyone is selling their home here \u2014 despite some jaw-dropping asking prices on the few that have hit the market. But just because a home here isn\u2019t for sale, doesn\u2019t mean a wannabe buyer won\u2019t try to buy it. Recently, I\u2019ve received handwritten notes, typed letters on letterhead in my mailbox and even text messages from supposed realtors claiming they have clients interested in my house and gauging my eagerness to sell.\u00a0<\/p>\n<p>And apparently, this is happening in communities across the nation. \u201cWith so few homes on the market right now, real estate agents and potential buyers are flooding homeowners with solicitations and offers,\u201d says Clare Trapasso, executive news editor at Realtor.com, which is owned by the same company as MarketWatch.\u00a0<\/p>\n<p>For her part, Compass sales agent Lily Goldstucker with the Mysti Stewart Group in Dallas, says she\u2019s seen buyers fall in love with certain houses that aren\u2019t for sale. As a realtor that means\u201d there are times we are dropping off a note, making a call or even dropping off some flowers to go along with our ask. If houses in your neighborhood are getting multiple offers, this is often a tactic agents will do in order to get into a property before it hits the market,\u201d says Goldstucker.\u00a0<\/p>\n<h2><strong>What to do if you get an unsolicited offer on your home<\/strong><\/h2>\n<p>Personally, I don\u2019t have any plans to move, but I suppose given the right price, I\u2019d be a fool not to accept an offer that\u2019s too good to be true. The problem is determining whether or not these interested parties are legitimate or if realtors are just trying to drum up new business.\u00a0<\/p>\n<p>Trapasso confirms that while many of these offers are legit, others aren\u2019t: \u201cHomeowners should do some due diligence, considering whether the prospective buyers are working with a licensed real estate agent, if the buyers plan to finance their purchase and if they can provide a mortgage pre-approval letter from a reputable lender and if any red flags come up, like if buyers keep changing their offer or adding new stipulations,\u201d says Trapasso.\u00a0<\/p>\n<p>Goldstucker says if the note is detailed, handwritten or the phone call includes specific details about your house, it\u2019s probably legitimate. \u201cIf inventory is low in your area, then a pre-printed flier going out to the entire neighborhood might also be real. If you call the number on the flier and they aren\u2019t immediately scheduling a tour, it\u2019s not legitimate,\u201d says Goldstucker.<\/p>\n<p>Anytime you receive an unsolicited offer, site unseen, realtor Justin Feil of The Feil Group at Berkshire Hathaway says, \u201cBe skeptical. Sometimes investors try to get a property under contract just to tie it up and work backward. There are also situations where investors look to get a property under contract and then assign it to another buyer. Could it be a real buyer? Yes, that absolutely does happen.\u201d\u00a0<\/p>\n<p>It\u2019s also important to remember that just because an unsolicited offer from an individual buyer or real estate agent is legitimate, it\u2019s not necessarily a good offer. \u201cA seller\u2019s agent can help you determine whether the offer is a fair price. Unsolicited offers will often tempt homeowners with a streamlined cash transaction, but these cash offers tend to be well under market value and don\u2019t offer room for negotiation,\u201d says Kate Wood, home expert at NerdWallet.<\/p>\n<p>That said, real estate agents can\u2019t sell homes if there are none available to buy. \u201cSince they typically work on commission, part of their job is often to drum up business. Many of the unsolicited mailings, phone calls and even text messages that homeowners are receiving are from agents looking for homes to sell,\u201d says Trapasso.\u00a0<\/p>\n<p>If you get an unsolicited offer from a company or an investor, look them up online. \u201cCheck out their website and look for online reviews. For an unsolicited offer from a business, head to the Better Business Bureau site. Regardless of the source, know that if it\u2019s a printed card, all of your neighbors likely got one too,\u201d says Wood.<\/p>\n<p>Ultimately, Wood says homeowners tend to be at a disadvantage with unsolicited offers because they tend to be take it or leave it propositions. \u201cEspecially when the buyer\u2019s offering cash, they\u2019re not looking to negotiate. Buyers are most likely to make unsolicited offers in extremely hot markets, exactly the market where sellers have the most advantage,\u201d says Wood.<\/p>\n<p>That\u2019s why, Feil says it\u2019s uncommon to receive an actual unsolicited, site unseen, real offer. \u201cIt\u2019s a daily occurrence to receive a letter from an agent saying they have a buyer for your home because it\u2019s a low inventory market. They might have a buyer, but so do many other agents,\u201d says Feil. As the homeowner of an unlisted home, remember that you have leverage. \u201cYou\u2019re not accumulating days on market and are in the driver\u2019s seat and should be able to control the pace, price (within reason) and timing of the deal,\u201d says Feil.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/handwritten-notes-flowers-text-messages-what-desperate-wanna-be-buyers-and-agents-will-do-to-get-a-house-even-when-the-owners-arent-selling-c63492a6?mod=personal-finance\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I live in Southern California, in a neighborhood less than a mile from the beach, on a tree-lined street with great public schools and neighbors who knock on each other\u2019s doors to borrow sugar. My kids can play in the street with their friends, we\u2019re walking distance to shops and restaurants and there are plenty [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-61779","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Handwritten notes, flowers: What buyers will do to buy a home right now | iFintechWorld<\/title>\n<meta name=\"description\" content=\"I live in Southern California, in a neighborhood less than a mile from the beach, on a tree-lined street with great public schools and neighbors who knock\" \/>\n<meta name=\"robots\" content=\"index, follow, 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