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  • Property-a-holics

    Is this what they teach at property school?

    In the boring, ongoing saga of me trying to sell my former home and let, I thought I would share an approach I encountered when I initially tried to sell my house privately on social media.  The first time I received this approach my curiosity was piqued.  Then ensues the 30 to 40% BMV offer.  However it was interesting as I received the same verbatim message a number of times from various people so I wonder if this tactic is given out at some Investment course or other.  Here is the message:

    ...........

    I just saw your property advertised and was wondering if we were to pay you cash and complete within 30 days, what would be the lowest offer you would accept?

    I am also very interested in renting your property for 2 years or so while having the option to buy at a later date. That wouldn’t work for you would it?

    ............

    With the ridiculous cash offer and the seemingly pointless idea of them renting my property I have declined a number of these.  I usually say, 'what is the maximum you would be prepared to pay' and they go away.  Still if it ever works - good luck to them.  And if this is specialist knowledge - here you go -  no need to thank me. Wink

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    WeBuyAnyCar

    WeBuyAnyMotorbike

    WeBuyAnyHouse

    It won’t be long before there’s a WeBuyAnything

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    Mr Mark Alefounder

    Mortgage & Protection Broker

    Optimum Independent Financial Advisers

    Mobile 07716 647 928

    Tel: 01206 366700

    http://www.optimum-ifa.co.uk

    The financial regulator, the ‘Financial Conduct Authority’ designates that there are two different types of financial advisers, ‘independent’ and ‘restricted’. The status of an adviser firm will affect the type of advice that is given. A restricted adviser firm can only recommend certain products or product providers, whereas an independent adviser firm, such as Optimum, is able to consider and recommend all types of retail investment products and/or providers that could best meet clients needs and objectives. Optimum Independent Financial Advisers offers genuine unbiased and unrestricted advice.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    Optimum Independent Financial Advisers is authorised and regulated by the Financial Conduct Authority

    Financial Services Register Firm Reference Number (FRN): 223293

    © Copyright 2017 Optimum Independent Financial Advisers. All Rights Reserved

    Why I thought it was interesting is that the email was constructed in exactly the same way - word for word, but they don't appear to be companies - they appear to be separate individuals so I wondered if it was some kind of tactic that had been taught them.  The rental option seems particularly ridiculous.  I wonder if they are looking for people who will be happy to just sign away the property whatever the price after not having to deal with it (assuming it is a problem property) for some time.

    I honestly can't see a benefit to the owner for such a proposition and in my case, the mortgage company would not allow me to give another party the free reign (apparently when you go into it all, it involves them looking after the property in every way, repairing and maintaining it and letting it out to people who may or may not want to buy it after a couple of years).



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    Seems like part two is just a way of testing if you may be open to a lease option. I think this is pretty standard fare on the "property training day" seminars of the likes of PPN, etc.

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