Some will disparage the use of bandit signs much like they do door knocking.
What you really need to do is CALL the number on those signs. Find out what real estate they are looking for. Do they have 'control' of the purchasing money? What is the formula? Are you flipping or renting? You should have a directory of these direct purchasers. You need to know what they are doing behind the scenes. Why, because they are communicating to the same people you are.
I won't tell you everything, but you really would benefit in vesting the energy to know what actually happens with a well intended and strategically placed bandit sign.
Being serious, right here on Truia we read no less that 3 times a month, "I need to sell but can't afford to fix my house?" There is a need and investors working with real estate professionals are the ones to create the solutions. (Hint: the intent of the sign is not to primarily service $40,000 real estate.)
I strategically use bandit signs. Have done so for 8 years. I have 80 in my garage right now. Of course one could assume I do this for the pure joy of the prank or that other beneficial things happen.
Let's say you are monitoring the Q&A on Trulia, or Facebook or Twerper, and lots of folk in your town in the community of 'Jabberjaw" are complaining of the excessive DOM of community homes. Can you imagine a message on a bandit sign to which the community would respond?
You don't need to pay Trulia, Zillow, Google or Bing for real and immediate marketing that will deliver results. I know, but it is SO DEMEANING TO THE PROFESSION. Going out of business is demeaning also.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727. 420. 4041
Yes you can go thru a realtor to sell your home but it will not be a quick process, and sometimes it's not all about how much money you can get out of your property. Every family is in a different pickle.
With that being said if you need to sell your home quick, fast and in a hurry, give me a call I can buy it.
Hands on Transactions
I advise contacting a realtor if you need to sell & get a fair market value. Even If you are in a hurry its still in your best interest to consult a licensed realtor. They can provide the documents needed and guide you through the closing process . Everyone and their brother pays cash for homes. But not if its not going to benefit them in some way. This is not a high end marketing scheme. Any seller who has options should explore them. If your driving down the road and this sign makes you feel as if its the best offer your going to get...your the target market they are looking for. Call me for home values if you need to sell quickly. 586-557-7635.
-inherited an unwanted property and don't want to or can't afford to the repair costs
-they've lost their job
-divorce or death of a spouse
-they're tired of being a landlord but the property needs repairs that they can't or won't complete
-they can't afford and/or qualify to make the repairs necessary to make their home marketable and/or -financeable
-facing a quick job relocation
... and other situations.
We provide a valid and necessary service to these sellers and often times are their last hope before losing their home. In many instances, we even give the sellers cash for keys at closing - usually $3k - $10k. Will a realtor do that? We're not taking advantage of anybody, but the numbers have to work out because it's an investment. In many instances I have seen sellers net out of the sale what we offered them in the first place, except it took 6 additional months and dozens of strangers have paraded through their home. Some people might point out that "home values have appreciated so it's good that they waited 6 months". Yep. So has the price of their next home. And what if we're in a down market or the market suddenly takes a downturn? Now that additional 6 months could really hurt - even put them in an upside down situation.
So before people you go blasting people that put up those bandit signs, just remember, we're not charging the seller, we are helping them out of a situation that typically a realtor can't or hasn't been able to, and we revitalize neighborhoods. We are the hammer swingers that raise your property values.
To answer your question yes people do sell there houses this way. Usually way below market value. Sometimes the quick cash can get someone out of a bind.I would suggest exhausting all of you options before going that route though.
hope this helps