I’m in the unfortunate position to be job hunting, so I have to answer unknown numbers. For years, I’ve gotten “I’d like to buy your house” spam calls. I’ve never been in a situation where I’d sell to a random caller. I can’t imagine one, either. I can imagine needing to sell my house, but I’d call a realtor or something. I wouldn’t engage a random cold-caller.
Does that ever work? Is it legit? I assume it must be profitable, because they keep doing it.
They’re exclusively targeting people who don’t know how much their property is worth. Usually people in transitioning neighborhoods who bought their home 40 years ago for $10k, who don’t know that their property alone is worth $200k today and will happily take $80k cash from some rando on the phone because they think the 800% return is a great deal.
I’ve lived in neighborhoods like that for a while. The phone calls we receive are insane; in our old house, which we knew was worth $300k because we had just had it appraised to put it on the market, the guy on the phone offered us $65k sight unseen. I was like, “if you even took the twelve seconds to look at this property on Street View you’d know why that is a laughable idea.”