Don’t get hustled. Get the facts first.
In the letters I send out (you’ve probably seen a few), I often point out how most unsolicited offers you get to buy your land are disappointing. A recent client sent me a couple of letters she’d received — perfect examples of what I’m talking about.
One didn’t mention money at all. Just a vague line:
“I’ve got someone wanting to buy another lot, are you interested in selling?”
I reached out to the guy, but I can almost guarantee that if he replies, the offer will be well below what’s reasonable. Maybe good for a laugh, but not much more.
The other letter actually named a price — and it wasn’t too far off the mark.
But (there’s always a but)…
The rest of the terms were weak:
- Just $500 in earnest money
- A 180-day closing timeline
- Fully assignable contract
That’s not a serious buyer — that’s a flipper running a low-risk bet. Here’s how their model works:
They tie up your property for 6 months at a low (but not unreasonable) price, hoping to flip the contract to someone else for a profit. If they find a buyer, great — they make $10K to $20K. If not, they might come back to you last minute and say, “We’re still interested, but need to lower the price.” You can agree or walk — either way, they only risked $500.
From their side, it’s a smart little hustle.
From your side, it’s a waste of time.
So if you get one of these letters and want a second opinion, just scan and send it to me. No charge — I’ll tell you if it’s worth your time or not.
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