{"id":19005,"date":"2021-06-10T14:32:36","date_gmt":"2021-06-10T14:32:36","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19005"},"modified":"2021-06-10T14:32:36","modified_gmt":"2021-06-10T14:32:36","slug":"inquiries-on-a-house","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/inquiries-on-a-house\/","title":{"rendered":"Inquiries on a House"},"content":{"rendered":"

Inquiries on a House<\/h1>\n
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Small-town homeowners say they\u2019re fielding a growing number of inquiries about selling their homes, even though they aren\u2019t for sale. Real estate speculators are approaching them asking if they\u2019d be willing to sell.<\/p>\n

Chuck Vukotich told The Wall Street Journal<\/em> that multiple times a week, he receives queries about his small yellow-brick home in a working-class neighborhood in Penn Hills, Pa., 15 miles from downtown Pittsburgh. His home isn\u2019t for sale and he doesn\u2019t intend to sell. But he estimates he has received more than 100 inquiries on his home, mostly through mailbox fliers that offer all-cash deals and quick closings.<\/p>\n

“I don’t mind somebody trying to make a buck, but it’s kind of a pain in the butt,” he told The Wall Street Journal<\/em>.<\/p>\n

Small-town homeowners thought such aggressiveness for listings was reserved for the larger cities. But they\u2019re seeing their home prices bid up in the likes of big cities. The median sales price in Penn Hills, Pa., for example, is up by 19% in April compared to a year earlier.<\/p>\n

Real estate investors are reportedly on the hunt in small towns for properties amid short supply and high buyer demand. They\u2019re looking for inexpensive houses that they could possibly flip or rent out, The Wall Street Journal<\/em> reports.<\/p>\n

Nick Schindehette told the Journal that he mails out between 5,000 and 20,000 pink note cards a month to homeowners in 20 ZIP codes. His cards usually read, \u201cCould we possibly discuss making you a cash offer? Either way, please let me know.\u201d<\/p>\n

He says a successful response rate for his note cards would be 1%. Most homeowners who accept his offer need to sell their homes quickly. He has done about 50 real estate transactions in areas he targets, which he considers \u201cC+ neighborhoods\u201d where homes are cheaper but could still be leased quickly.<\/p>\n

Some investors are being accused of getting homeowners to accept lowball offers for their unlisted homes. Vukotich says he hasn\u2019t entertained any of the offers. His neighbors say they\u2019ve been offered about $50,000 for their homes. An investor model suggests a fixed-up house in his area might go between $115,000 and $120,000.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cWild Housing Market Made His Modest Home a Hot Property<\/a>,\u201d The Wall Street Journal (June 5, 2021) [Login required.]<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Inquiries on a House Small-town homeowners say they\u2019re fielding a growing number of inquiries about selling their homes, even though they aren\u2019t for sale. Real estate speculators are approaching them asking if they\u2019d be willing to sell. Chuck Vukotich told The Wall Street Journal that multiple times a week, he receives queries about his small … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19005","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nInquiries on a House - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/inquiries-on-a-house\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inquiries-on-a-house\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inquiries-on-a-house\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Inquiries on a House\",\"datePublished\":\"2021-06-10T14:32:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inquiries-on-a-house\\\/\"},\"wordCount\":391,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inquiries-on-a-house\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/inquiries-on-a-house\\\/\",\"name\":\"Inquiries on a House - 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