Driving for dollars
Investors driving neighborhoods looking for distressed properties: overgrown yards, boarded windows, dated exteriors. Then they skip trace the owner and reach out.
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Part 1 of 4
Why a seller cares
The postcard that says "we buy houses" arrived because somebody drove past and saw a tarp on the roof. It is how investors find sellers before they list, and the offers that follow are priced for a seller who has not seen the market.
Part 2 of 4
A simple example
Your late mother's house has a sagging gutter and tall grass. Within a month, four handwritten letters offer to buy it for cash.
| What arrives | What it is |
|---|---|
| A handwritten letter or a postcard | An investor's opener, sent to hundreds of houses |
| A call from someone who "noticed the house" | The same, after a skip trace |
| A cash offer with no showing | A number set to leave room, not to match the market |
The mail is a sign the house looks distressed from the street, and a sign of what the offers assume.
Part 3 of 4
What people get wrong
That the letters mean your house is worth what they offer. They mean it looks like a house whose owner might take less.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
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