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Suspicious Home Buyers

by Gary Kent / Monday, 17 September 2007 / Published in Uncategorized

“I just got a letter in the mail from someone who says he wants to buy my home. I’m a little suspicious. Do you think it’s legit?”

***ANSWER:
Probably not.

Odds are it’s an investor looking to buy your home way under value or a dishonest agent posing as a buyer.

A client called me in April because of such a letter. I called for her and, sure enough, it was a “bottom-feeder.” That’s our affectionate term for an investor who misleads people to get a good deal and/or wastes their time by making insultingly low offers.

And years ago a dishonest agent had his wife (who had a different last name) send letters to homeowners in my neighborhood. She wove a sad story of how they were unable to find a home and wanted their help. I guess she forgot to mention that her hubby was a shady character misleading people for profit. I never liked that guy!

The point is, most of those letters are bogus. So be careful!

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About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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