Got a Letter Offering to Buy Your Land for Cash? Read This Before You Respond.

If you own land, chances are you have gotten the letter. Someone you have never heard of wants to buy your property, close fast, pay cash, and make it easy. Pat Snyder, managing broker for National Land Realty in western North Carolina, gets about one call a week from landowners trying to figure out whether that letter is legitimate, a lowball, or something to ignore entirely. In this conversation, Pat breaks down exactly who is sending these letters, how the wholesaler business model works, and why the offers almost always come in 30 to 50 percent below what a property would actually sell for on the open market. He covers the difference between a licensed broker reaching out on behalf of a buyer and a shell company running a mass letter campaign, how to look up who sent the letter and what red flags to watch for, why expiration dates on offers are a pressure tactic and not a real deadline, and what to do before you respond to anything. He also walks through a real example where a woman in his area nearly accepted a wholesaler offer that was $80,000 below what she ultimately netted by listing the property instead. If you have ever gotten one of these letters, or own land you might eventually sell, this is the conversation to have before you make any decisions.   Talk with Pat Snyder!  https://nationalland.com/real-estate-agent/pat-snyder   Visit National Land Realty to see our Listings!  https://nationalland.com