{"id":12187,"date":"2016-04-13T23:12:17","date_gmt":"2016-04-13T23:12:17","guid":{"rendered":"https:\/\/arrivity.com\/?p=12187"},"modified":"2023-06-13T07:01:00","modified_gmt":"2023-06-13T07:01:00","slug":"beware-of-unsolicited-offers-to-buy-your-home-cash-as-is","status":"publish","type":"post","link":"https:\/\/arrivity.com\/beware-of-unsolicited-offers-to-buy-your-home-cash-as-is\/","title":{"rendered":"Beware of unsolicited offers to buy your home ‘cash, as is’"},"content":{"rendered":"

By Connie Thompson – Komo News<\/em><\/strong><\/p>\n

“If you own a home in a popular community, buyers could be about to make you a cash offer- even if you have no plans to sell. The offers may sound good, but there can be a major downside. Demand for homes is so high- some buyers don’t wait for houses to go on the market. If your home fits what they’re looking for- you get what’s know as a cold call offer by card or letter.<\/p>\n

Jim LaCour has been getting offers from strangers who want to buy his view home in Seattle.<\/p>\n

“Initially I thought that’s probably a good idea,” said LaCour. “You know, someone is interested in our home and wanted to pay cash for it. I didn’t think about the fact that someone might not give you what it’s worth.”<\/p>\n

Certified Financial Planner Nancy Dienes urges caution. She says unsolicited cash offers are typically far below market value.<\/p>\n

“When they offer you these cash offers, they’re generally at a discount,” said Dienes, Principal at Blue Canoe Financial Planning. “Some of the information I’ve read indicates that a cash offer is going to be somewhere between 70 and 80 percent of what the fair market value would be.”<\/p>\n

Remember, a lot of these solicitations are from investors looking to turn a profit. Don’t make their gain be at your expense. Before you say yes, do your “home” work. Compare online value estimates for your address. Have a real estate office do a value analysis. Or consider paying for an independent appraisal.”<\/p>\n

Read Full Story on KomoNews.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Connie Thompson – Komo News “If you own a home in a popular community, buyers could be about to make you a cash offer- even if you have no plans to sell. The offers may sound good, but there can be a major downside. Demand for homes is so high- some buyers don’t wait […]<\/p>\n","protected":false},"author":6,"featured_media":13865,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/posts\/12187"}],"collection":[{"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/comments?post=12187"}],"version-history":[{"count":5,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/posts\/12187\/revisions"}],"predecessor-version":[{"id":13049,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/posts\/12187\/revisions\/13049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/media\/13865"}],"wp:attachment":[{"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/media?parent=12187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/categories?post=12187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arrivity.com\/wp-json\/wp\/v2\/tags?post=12187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}