There has been a huge rise in private banks, hedge funds, and investors preying on innocent home owners. Their tactic is to bait you into a “cash offer” for your home, with the ability to close in “7 days”. Let’s diagnose why fundamentally this makes no sense for the average home seller.
“So whats the big deal here?”
“MISALIGNMENT OF INTERESTS”
This is a very common phenomenon that can simply be broken down for analysis to see who is actually on your side. Often times, the person trying to be your “friend” and “help” you can really be your “enemy” if their interests are not aligned with your own.
Investors work hard to make you an offer LOWER than your asking price.
We work hard to get you offers HIGHER than your asking price.
If you break it down to the ultimate psychological level, you will see that it is humanly impossible for someone to be doing you a favor, when their best interests are clearly rewarded by putting the least amount of money in your pocket?
“How much money are investors making off me?”
Immediately after an investor, hedge fund, or sleazy cash offer website makes you an offer to buy your house, what happens to your home? Very often, your home is lightly renovated (yes, sometimes “flippers” put less than $5,000 into paint and small fixes), and then your house goes right back on the real estate market just a mere 30 days later. They never wanted to live in your home. They never wanted to grow a family there.
“So how do flippers make any money if they barely renovate it and then re-list it 30 days later?”
OFF OF YOUR IGNORANCE
They don’t make money off their renovations, they make their money on HOW LOW they can get you to sell your house for! Often times, they will give you 10-50% under market value, by listing off every small defect in your house. In reality, most home buyers don’t really care about small defects.
The ironic thing is, when the “house flipper” goes to sell your “flipped” home, they list your property on the MLS, and pay a real estate agent to do so.
“So if flippers list their homes with a realtor, why shouldn’t I?”
Flippers understand how to get the most money possible for their home and understand having a real estate agent is a huge asset. You should list your home for sale on the public market, and let the market do what it does best. Entice buyers to COMPETITIVELY bid on your property, drawing in multiple offers. Home sellers are only taken advantage of when there is a single party making an offer. They can offer you a lower price, and you wouldn’t be any the wiser. Home values are up, so typically, if a home seller hears a decent offer higher than what they were expecting, they would jump on it.
“Your right, that doesn’t sound right. So whats my next step?”
Contact us and we will put a comprehensive plan together for you to list your home on the OPEN MARKET and avoid back room deals where you get cornered by a big bank, hedge fund, investor, or house “flipper”.
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“Steve sold our home for the highest amount since 2006 in our area. A China Cash buyer paid list price just like Steve had said would probably happen .I highly recommend Steve. He has a great personality, is very respectful, knowledgeable, and very timely. He always was on top of everything. I never had to wonder about anything. He always kept us informed. Very important he always listened to all your concerns and did not rush or was never too busy. He took pride to make sure you understood everything and you were always satisfied. Let me say I am 67 years needless to say I have experienced a lot. I would put Steve in the top 10 Individuals I have met in my life and as a businessman in the top 2.” – Phil D
“We interviewed many luxury agents that all claimed the same thing. We saw Steve on TV and heard his radio show straight talk with the hawk. It made sense his high impact luxury marketing the use of the latest technology and professional photographer. Steve’s infomercials, bus tours for china cash buyers and California residents escaping taxes brought in more potential buyers for our home. STEVE sold our house in 16 days. It was a California buyer too. Steve’s High Impact marketing program is no joke. I told Steve to show us the money and he came through.” – Richard J
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