by Mike Ballow
I'm sure you've seen these real estate signs posted all over greater Taunton. The premise is that this is an unbelievable opportunity for a property owner to sell a home in any condition with a quick closing and for cash. The offer of cash to most sellers of anything is a big enough hook to get them to pick up the phone and make an inquiry. It sounds great but, in my opinion, it's not in the best interest of ANY seller to limit their possible buyer pool to just one buyer. There are a great number of cash buyers out there looking for opportunities so the thought that these sign posting individuals or entities are presenting something that is not available elsewhere is false. By exposing a property to the open market, a seller will get the highest and best possible price for their property. Sure, as a real estate agent I earn a commission for all properties that I list and sell so it may sound like sour grapes that I don't think a property owner should sell in this manner. However, as an agent I'm very aware of all real estate transactions that take place and I've seen more than a few property owners sell properties privately for much less than they could have on the open market. These houses are then renovated and flipped or torn down for new construction and a hefty profit is made by the purchaser while money was left on the table from the owner. Think of it this way, if you have anything to sell and you offer it to anyone who could be potential buyer, don't you think you stand to sell whatever it is for the highest and best possible price if offered to more than just the 1 buyer?