The Carroll Group | Andover Real Estate, North Andover Real Estate, North Reading Real Estate


This morning I got a text messageThat in itself isn’t unusual.  In fact you may have received the same message, as I’ve had several people from the Merrimack Valley, North Shore and Southern New Hampshire tell me they’ve received one.  You may also have gotten a letter in the mail, with the same message. 

“Hi Tom, I’m a local home buyer interested in purchasing your home at (my address).  Would you be willing to sell?”

Okay, so my phone number is all over the web, but you have to dig a bit more to pull up my home address.  This guy obviously is just trolling through public records or he would have known I am a Realtor!

I decided to play along and see how this would turn out.  After initially saying he was a home buyer, the texter gave me a first name, said he is with one of the companies that “buy your house for cash” and said he’d also reached out to some others in my neighborhood. I replied to him, asking how he knows anything about my house and how I know that he will offer me a fair market price. Since it’s now been almost 4 and a half hours without a response, I think I may have scared him off by asking pertinent questions he wasn’t expecting to hear!

If it sounds too good to be true…Is this offer to buy your house for cash too good to be true?  Here are some reasons why you should avoid these spammers who make “offers” to purchase your home.

These companies tend to prey on the most vulnerable homeowners, the people who need to sell their home quickly and think they don’t have time to move through a traditional home sale process.  The companies hope to find some willing participants through their massive text efforts.  Who are the most vulnerable?

-         People facing imminent foreclosure

-         People going through bankruptcy

-         People who are upside down on their mortgages and want to move on but can’t because of a lack of equity

-         People who are divorcing and need or want to sell quickly

-         People who are trying to evict tenants but are facing legal or timing issues in doing so

-         People who have left their homes vacant due to a job relocation, a death in the family, or other personal or financial reasons

-         People who own trashed or heavily damaged homes - whether the damage was caused by storms, fires, environmental issues, tenants who caused a mess, etc. – leaving an overwhelmed owner facing the cleanup and repairs

-         People who are super private and don’t want to have people coming through their home or have their home showing up on MLS and other real estate sites

-         People who don’t want to make repairs or updates to their home and think it will be required in order to sell

What’s the deal?  These “we buy homes” companies are just waiting in the wings, ready to pounce.  They will tell you that you will make more money by selling directly to them, as you won’t have to pay a commission.  That you’ll sell quickly and close whenever you want, because they are paying cash.  It sounds good.  Until you realize that a licensed Realtor knows the market in depth, knows how to market your home to the most people,understands the sale process and who and what you need in order to make the sale go smoothly and legally.  A Realtor keeps your personal info private and makes sure you have legal representation to be sure all necessary paperwork is done and filed correctly.  These cash-offer companies don’t represent you, they just want to get your house at a bargain price so they can list it at true market value or sell it to an investor – and make a hefty profit in a minimal amount of time. 

Here's a quote from one of the websites that pays cash for homes:

“Investors in the XXXXXXXX regularly work with people who are looking to purchase real estate "wholesale".  Wholesaling is simply purchasing a home at a discount that needs repairs or has other problems with it.  Due to the volume of homeowners we work with…we sell many of these properties immediately to other investors without doing the repairs.”

The bottom line: Caveat Venditor!  Seller Beware!  For real peace of mind, let a Realtor help you protect yourself and protect your investment.  A Realtor knows how to represent you and get you the most money for your property.  Don’t leave money on the table, especially if you really need every penny.  An experienced agent from an established,reputable, local company will get your home sold quickly, will be sure you are properly represented, and will net you more money than these companies who just want to flip your home.   

Feel free to call, text or email me if you are thinking of selling.  I’m happy to answer any and all questions.


This Single-Family in Andover, MA recently sold for $515,000. This Ranch style home was sold by The Carroll Group - RE/MAX Partners.


Andover, MA 01810

Single-Family

$509,900
Price
$515,000
Sale Price

9
Rooms
3
Beds
1/1
Full/Half Baths
Turnkey Ranch style home on gorgeous level, private and fenced lot in the Sanborn School district! This well maintained home features 3 bedrooms and 1.5 baths and includes an eat in kitchen, formal living and dining rooms, family room, home office and a sun room overlooking backyard. The bedroom wing includes 3 nicely sized bedrooms with ample closet space and a tiled bath. Outside you'll find a spacious rear deck and 2 storage sheds. Easy access to downtown Andover, schools and commuter routes makes this a wise choice.

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9 Hitchcock Farm Rd, Andover, MA 01810

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$1,249,900
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13
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5
Beds
3/1
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Classic Andover Colonial custom built by present owner! This home features a two story foyer with gorgeous wood staircase, three fireplaces and every amenity including an oversize gourmet kitchen with custom cherry cabinetry, tile and hardwood flooring and adjacent family room with fireplace. The ballroom size great room include hardwood flooring, cathedral ceiling and an in-law suite or guest suite. The spacious formal dining room and formal living room with fireplace, French Doors and a private home office complete the main level. Upstairs you'll find four bedrooms, three full baths, computer room/loft, laundry room and ample closet space. Both floors offer 8 ½ foot ceilings. The lot is the prime lot on the street and has privacy, specimen plantings, and room to roam. 3 car attached garage, Easy access to highly regarded High Plain/Wood Hill school district, commute routes and AVIS walking trails make this a fabulous opportunity!
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Location: 9 Hitchcock Farm Rd, Andover, MA 01810    Get Directions

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3 Hazelwood Cir, Andover, MA 01810

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Resort like property in one of Andover's most sought after neighborhoods and school district (Sanborn). Every amenity is featured in this single owner home on private treed cul-de-sac lot. Upgrades include a gourmet eat-in-kitchen wth new tile, quartz counter-tops and upscale appliances plus access to fireplace family room, new oversized deck and a media room with 27' diagonal television screen. The upper level features 4 bedrooms with ample closet space, 4 full baths, and an executive office. The lower level offers a full living suite with 2 bedrooms, full bath, family room with projection TV, kitchenette, wine cellar and second home office. Outside you'll find a heated gunite pool, pool bar and complete pool cabana (1,050 sf) featuring a dining area, family room, full bath and loft area for relaxing. Excellent opportunity to own a quality and well maintained home convenient to town, commuter routes, schools and Indian Ridge Country Club!
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Well maintained Split Entry home in sought after neighborhood! This lovingly cared for home features an eat in kitchen, formal dining and living rooms with fireplace and hardwood flooring. The bedroom wing includes 3 nicely sized bedrooms with ample closet space and 2 full baths. The lower level features a family room/play room with second fireplace, a 4th bedroom or guest bedroom with half bath plus 2 car garage. Outside you'll find a private lot with easy access to commuter rail, South School and downtown Andover. Wonderful opportunity to own this quality built home in desirable location in South/West School district!

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