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3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I haven't heard of this one but years ago I offered a buyback to one of my clients that was afraid to buy. They laughed about it 10 years later when they were looking at a huge profit on sale. I couldn't convince them to take me up on my offer.  I got the listing and a happy seller.

Feb 26, 2016 05:12 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

At a ridiculously low price.  

Feb 26, 2016 09:03 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

The asterisk is why this person still has competitors and is not yet bankrupt.

Feb 26, 2016 08:48 AM
Rainmaker
597,169
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

This used to be taught by at least one of the super-agent conferences. The terms and conditions make this a gimmick. Agent has a chance to sell the “buy back” at a below market price. Can also require you to buy a house from the agent before they have to buy yours back.

Feb 26, 2016 05:11 AM
Rainmaker
640,067
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

If it looks too good to be true, it is.  There is always the part that is not advertised such as what price they will pay.  These people must have an investor backing their statements or the NAR Attorneys would have their license.  They can't buy all of the homes they sell back unless they can prove that they have enough money to do so.  We need more teeth in our Association without going after people for superfluous things.

Feb 26, 2016 04:37 AM
Rainmaker
5,526,250
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tony,

Where do you find this stuff?  I would definitely smell SCAM reading this!  A

Feb 26, 2016 03:41 AM
Rainmaker
1,398,083
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

The basic are must be listed for a minimum 180 days with a price between $75,000 to $600,000 with full commission rate and only single family homes.( no condo's)

Buyer's pay 1% of purchase price and sign contract at time of offer; we must have listed and sold the property; buyer must occupy home as primary residence; buyer must infor Trade in Company in writing of the election to buy back; buyer must list with us; repurchase a substitute home for not less than 75% of repurchase of first home and substitute home must be purchased using our company.

Feb 26, 2016 03:23 AM
Ambassador
4,557,751
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Haven't heard of this particula gimmick. No doubt the fine print makes this practically impossible for the seller to take advantage of this

Feb 26, 2016 03:01 AM
Rainmaker
140,568
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Wow, I haven't heard of this one yet. It has to come with lots of conditions.  If a buyer bought it above appraisal, I'm sure that the agent wont pay what the buyer paid.  Either that or the agent is banking on home prices continuing to rise.

Feb 26, 2016 02:35 AM
Rainmaker
3,996,234
Richard Weeks
Dallas, TX
REALTOR®, Broker

My guess they will buy it back for 50 cents on the dollar.

Feb 26, 2016 02:18 AM
Rainmaker
4,055,259
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

The asterisk provides a ton of disclaimers in a footnote telling someone how the how will or won't be purchased in 24 months. Only an idiot would sell back the house under those terms.

Feb 26, 2016 10:53 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

There are usually quite a few conditions that must be met.

Feb 26, 2016 04:25 PM
Rainmaker
864,358
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

That is crazy. Never heard of this statement. Wondering who is offering it. I can't believe a buyer would actually fall for it.

Feb 26, 2016 12:25 PM
Rainmaker
1,456,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tony and Suzanne Marriott, Associate Brokers This is a new one on me. Hoping for appreciation and buy it back at today's price.

Feb 26, 2016 03:14 AM
Rainmaker
1,380,453
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Haven't heard this one yet.  I imagine there are some serious conditions with that asterisk.

Feb 26, 2016 02:46 AM