What Happened?
When the owner of this house passed away, a family friend took on the role of trustee. Now, this wasn’t just any friend. This guy was a big-shot professor at a top university, a real estate market-savvy homeowner himself. You’d think he wouldn’t make a mistake, right? But even the best of us can trip up.
So, he’s got this outdated house, filled with decades of stuff, and though clean, it needed serious attention. He’s a busy professor, no time for clean-ups and upgrades. So what does he do? He goes for the easy way out, like many others do in such situations.
He sorted through the stuff, handed out valuables to the heirs, and then called one of those “Cash Offer For Your House” ads. Bad move.
The Deception
On a Tuesday evening, a guy pulls up to the property. Friendly, smooth-talking, claiming he buys homes for cash. First lie right there. Turns out this guy is a wholesaler. No intention of buying the house himself. He’s just there to tie up the property, find another buyer at a higher price, and pocket the difference. Classic middleman move.
After an hour of chatting, building rapport, and using all the sales tricks in the book, he makes his offer. He points out every flaw—peeling paint, stains, creaky floors, the whole nine yards. He makes it sound like the house is falling apart, even though it’s just a bit outdated.
The professor, overwhelmed, starts thinking this is a bigger headache than he can handle.
The Hook
Finally, the wholesaler drops his offer: $550,000. Folks, at the time, the median price in that area was $1,245,000. His offer was peanuts—44% of what the house was worth if it were in top shape.
But here’s the kicker: The professor, smart as he is, believes this is the best deal he’s gonna get.
You’re Gonna Do What?!?!?
The professor plans to meet the “cash buyer” to sign the deal. That’s when I get a call from another family member. They’re desperate for a second opinion. Of course, I step in.
I call the professor. He totally believes $550,000 is the best he’ll ever get.
After looking over the house it wasn’t one we would buy but we know a whole bunch of other cash buyers that would.
It took some convincing, but he agrees to give me one week to find a better deal. Just one week. Challenge accepted.
Shocked and Amazed!
I go to work, fast. I get the property in front of my network of top-notch cash buyers. I create a bidding war. Three days later, we’ve got a winning offer: $877,000. That’s right—$327,000 more than the wholesaler’s joke of an offer.
The buyer handles all the clean-out, and we close the deal in 14 days. The estate beneficiaries are ecstatic. Big win.
Important Lesson Learned
No matter how smart you are, there’s always someone out there looking to outsmart you. Many will stop at nothing to take your equity if you let them.
Imagine if the professor had gone with the wholesaler. $327,000 lost. Into the wholesaler’s pocket. Outrageous, right?
Everyone needs an advocate—someone who knows the game, the players, the tactics. Someone who fights for your interests. That’s what we do. We’re in the trenches every day, making sure you get the best deal possible. Don’t get ripped off. Get an expert.
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The Process
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Conclusion
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Nulla consectetur maximus turpis a egestas. Mauris efficitur, ante non bibendum eleifend, diam massa varius ex, non vestibulum risus metus in eros. Proin eu urna vitae ex feugiat interdum. Nunc vel auctor nisi.
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