[Mjsmithx]

Originally Posted by tophcfa

We are Villages homeowners who split our time between the Villages and our northern home. We get an incredible amount of unsolicited mailings at our northern home offering to buy our Village’s home for cash, in as in condition, with a quick closing. In the last week we have received three separate solicitations, and we have received offers at least monthly for the last several years. Although we have absolutely no interest in selling our home, these offers have me asking myself some questions.
- Are others getting these offers?
- Are the companies making these offers targeting Snowbirds/Snowflakes/Part Time residents only and not FROGS?
- Are they targeting residents whose public records (tax collectors office) mailing address is different than their Villages address?
- Are they targeting certain CDD’s within the Villages?
- Are they targeting homes at certain price points?
- Are they targeting homes with no bonds?
- Are they targeting homes that are older?
- Are they targeting homes with certain features such as a pool?

I am curious if others are getting these offers, and if so what profile their home fits into.

To put our homes profile into prospective, our home was built in the late 1990’s, is in CDD1, the bond was paid off long ago, is a relatively affordable 2 bed/2 bath ranch type layout, and has a pool. I can see how our home would be highly desirable because it’s hard to find a home at a relatively affordable price point that has privacy (it abuts a wildlife preserve) with a nice pool, no bond, is a short golf cart ride to two town squares, an abundance of shopping and dining, and lots and lots of both Championship and real Executive (not pitch and put and putting) golf courses.

I would welcome feedback from others getting these unsolicited offers, inquiring minds want to know.

On another note, I fear these companies represent investors looking to buy easy to rent homes and turn them into more friggin short term rental units. That would totally suck!

We are snowbirds since 2012, live in CDD 6, 3 bedroom courtyard villa, no pool, has bond.
We get these about once a month. They just go to the recycle bin.

[Normal]

Fire back with a quick question to the offer.

“Are you willing to sell your real estate company?”

[Villagesgal]

Most in my neighborhood who bought 20 plus years ago are getting them, including me. I think they are going after people they think are ready to move into assisted living. Public records are easy to get. Just ignore them, they lowball by at least 100,000 of what your home is actually worth. A neighbor was curious, her home is worth about 425,000 per the Villages agent, the buy as is guy offered 258,000. Just throw those solicitations in the trash where they belong.

[Sandy and Ed]

Originally Posted by tophcfa

Not surprised, my best guess is that they are targeting homes below a certain price point without bonds (can turn a profit renting), owned by part timers (higher probability of willingness to sell), north of 44 (not having to compete with high volume of new homes and available rentals)? Additional features such as pool would be a bonus if the home fits other criteria, as they would increase rental demand.

I suspect opportunistic investors are somehow downloading public data records and running it through an algorithm to identify potential sellers of properties that fit a target profile of profitable rental properties. They probably also do drive by’s of the identified homes and cross properties off the list that appear to not be well maintained. They then follow that up with a shotgun mass mailing strategy to their target market in hopes of uncovering motivated sellers willing to dump their properties quickly for cash in “as is condition”.

I could be wrong, but that’s what my sniff test tells me.

Well I too agree with you so we both have good noses I would guess

[Boomer]

The real estate market is so tight everywhere in the country. Some of us boomers and beyond — who have been buying houses since our 20s — might not be aware of how ridiculous the rental market has become because investors are in competition with those who just want to buy a house to live in.

In some areas, homes within an affordable range are being gobbled up by investors who turn them into rentals with high rents. Hard assets — maybe more work than playing the stock market, but must pay off handsomely.

I have heard there are local governments that are trying to do what they can to stop this highly profitable practice that is littering neighborhoods with rentals.

In TV the game might be slightly different and maybe it’s just flippers or wannabe TVers. But my guess is we will be seeing more and more rentals as this US real estate market shows no signs of normalizing.

Boomer

[tophcfa]

Two more in the mail today. Never responded to one. This is getting old. I am going to start writing return to sender and put them back in the mail.

[Rsenholzi]

I live here all year and I am hounded by these crackpots! I even block them when I get texts and calls yet somehow they just persist. It is frustrating

[tophcfa]

Originally Posted by Rsenholzi

I live here all year and I am hounded by these crackpots! I even block them when I get texts and calls yet somehow they just persist. It is frustrating

Never got any electronic communication, just non stop snail mail and all at our northern address.