They start off subtle, and then before you know it you have a letter reading ‘termination notice’ in your mailbox. A buyer saying they want to buy your house and then giving you a deadline to reach them before their offer expires. Pressuring you with words and phrases like ‘urgent’ and ‘do not discard.’ Many residents are fed up and saying ‘enough is enough.’
You probably have gotten more than one letter from buyers sharing their unrelenting interests in your home. If you haven’t received one of these letters, consider yourself lucky because there are a lot of people who are tired of seeing them.
At the top of the letter, buyers say they can offer you ‘top dollar’ because of their ‘buy and hold’ approach. According to <investorwords.com> , ‘buy and hold’ is an investment strategy in which property is bought and then held for a long period of time, regardless of the market’s fluctuations. The buy and hold approach to investing in property rests upon the assumption that in the long-term property value will go up.
Some might argue that the ‘buy and hold’ strategy isn’t always effective and sometimes buyers lose money. But let’s be real—that is not the case in this situation. For buyers trying to own houses in growing areas near downtown such as the East Nashville community, it is not an assumption that property value will increase. It is a fact. And it is not long term—it can happen as soon as the new house is built.
So what that means is the buyer is going to buy your house for cheap and then sell it for a higher price as soon as possible. The buyer actually tells you his motives right in the letter! But because so many people don’t know the details of the approach, they get bamboozled.
This is why homeowners need to be completely informed when it comes to selling their houses. They need to be sure that what they are being offered is truly ‘top dollar.’
The best way to do that? I said it once, but I’ll say it again: Keep your property for as long as possible. Don’t let these buyers take your homes. If you want to sell your house, do it on your own. You don’t need a middleman trying to take advantage of what is rightfully yours.
They assure you they are doing everything they can to benefit you, but please believe they are really benefiting themselves. They even go as far to say, “My guarantee is to treat you as if I were buying my own mother’s house.” Well I have one question for these buyers: Would you send your mother a termination notice?