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 are thousands of independent investors, sometimes known as homevestors.com they seek around for homes in disrepair or hoarders or abandoned type. they will cold call and try to make friends to figure out the house situation and why its in a sorry state. they are very patient and understanding, and make clear how the house couldnt be sold through a market listing without major time and expense, and get into detail about all the effort that would be required. then they offer to pay cash off market as-is to take care of everything. typically they aim to calculate the cost required to get it sellable and then make $50-100k profit for the trouble. its a real business that serves a market need to get these homes utilized.
but they hire cold callers to read scripts and bother millions of people to find someone with pain about a house.
these people end up only making a handful of deals a year and sometime lose due to bad timing or unforeseen problems.
We call them house flippers and dont care for them