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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.
Nina Hollander, Broker
Stevens Point, WI
Tony and Suzanne Marri...
At a ridiculously low price.
The asterisk is why this person still has competitors and is not yet bankrupt.
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.
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.
Where do you find this stuff? I would definitely smell SCAM reading this! A
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.
Haven't heard of this particula gimmick. No doubt the fine print makes this practically impossible for the seller to take advantage of this
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.
My guess they will buy it back for 50 cents on the dollar.
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.
There are usually quite a few conditions that must be met.
That is crazy. Never heard of this statement. Wondering who is offering it. I can't believe a buyer would actually fall for it.
Tony and Suzanne Marriott, Associate Brokers This is a new one on me. Hoping for appreciation and buy it back at today's price.
Haven't heard this one yet. I imagine there are some serious conditions with that asterisk.