how can i tell if a real estate offer is legitamit?

Question

someone approched us in front of our home and said they would buy it for a lot of money and offered us a condo too. they were from dolce living developement

Answer 1

It is not unusual for someone to cold call a home owner seeking to purchase a property, if they are trying to develop the area.

Some cities or states prohibit the use of eminent domain to force the sale of people's homes, so they have to approach home owners directly.

First, ask them to put the offer in writing. You don't have to sign anything. Just receive the papers so that you can examine them and take them to a lawyer if so inclined.

If they refuse to allow you to do this, then it is a scam. Legitimate offers have no problem with allowing a legal examination of the offer.

If the offer is legit then contact a certified real estate appraiser. Rather than asking for a full appraisal, ask for a thumbnail appraisal. Some will not do this, others will. It is sort of a quick look at the market.

You may have a Realtor price the property by telling them you are thinking of selling it, but since you aren't really intending to list it, this is more than a little dishonest.

You will also want to look at the condo they are offering. If the price exceeds the value of your house, then the condo may be icing on the cake. If the offer is less than the value and the condo makes up the difference, you will have to determine what the condo fees are and decide if you want the additional expense for the proposed benefits.

Good Luck

Answer 2

Ask a Realtor to do a market study to see if you would want to sell your home.Once you know what it is worth go from thier.Be wise and hire a professional.The condo could have all kinds of liens against it.A sharp Realtor can determin real quick if it is a good deal or not.

Answer 3

if they put it in writing with a signature

Answer 4

scam