New "We Buy Houses" Creep!
Geeze, I though these creeps were finished with this nonsense! However, here's a new trashy "We Buy Houses" sign from a new creep! This one was posted on utility poles at the NE corner of Oxford Avenue and Magee near 6600 Oxford Avenue and the SE corner of Oxford Avenue and Magee near Oxford Auto Repair at 6529 Oxford Avenue.
Who exactly are the types of people that put up these kinds of signs/buy these houses anyway?
They are "wholesalers" who have bought into a get rich quick scheme. They promise the homeowner a quick cash sale for a lowball price with no commission. Their contracts are assignable and limit damages for breech to loss of their tiny deposit. They then try to flip the agreement (assign it) to an investor for a middleman profit.If they can't do that they walk away from the deal and cede their tiny deposit to the homeowner. I have seen a lot fewer of these signs in S. Phila. lately. I don't know if it is because of our efforts, the City's "crackdown," or just that the fad has passed.
I might be wrong, but it seems the type of people to sell their houses to these guys would be people who want money for drugs or something.
No, I believe that they are taken in by the "no commission, cash sale" spiel and aren't sophisitcated enough to understand the clauses in the sales contract which allow the wholesaler to sell the deal or to walk away from it and only lose his tiny deposit.
Pulled down yet another one of this loser's signs on the NE corner of Oxford Avenue and Levick near the Rite Aid at 6401 Oxford Avenue about ten minutes ago!
Even more from this particular creep. I guess the frigid temperatures won't stop him from blighting our neighborhoods with his trash!
SW Erdrick and Robbins
NE Oxford Avenue and Cottman by Chuck's Alibi
SW Rising Sun and Cottman
SW Bingham and Cottman
NE Unruh and Oxford Avenue
SE Magee and OXford Avenue, (second time removed from this location!)
I've had more than one client sell to these kinds of folks following the death of the homeowner because they want a fast sale so they can wrap up the estate administration and get their money.
Originally Posted by RittenhouseGirl
That's just the thing-----it's not necsaarily a fast sale. If the wholeasler can't find an investor to flip it to, he walks away from the deal and cedes his tiny (often $100 or less) deposit as liquidated damages.
Originally Posted by Sycamore
This crumb has hit South Philly as well.
Got two more:
SW Robbins and Tabor Avenue.
SW E Godfrey and Tabor Avenue.
Got four more!
NW corner of Oxford Avenue and Verree by David G. Richardson Funeral Home at 7450 Oxford Avenue.
SE corner of Verree and Rhawn by Sunoco/A-Plus at 7965 Verree Road.
SE corner of Castor and Rhawn
NW corner of Large and Rhawn.
This creep is begging to be made an example of!
Ugh this is yet another MagicJack phone number.
If it were a cell phone I would be signing this one up for a bunch of text message notification services right about now.
I will message you about this.
Originally Posted by ArcticSplash
Is this from one of those "work at home" deals you hear advertised?
Two More "We Buy Houses" Creeps:
NW corner Levick and Bingham.
2x NW corner Tyson and Loretto.
SW Knorr and Rutland.
2 x Devereaux and Loretto
SE Oxford Avenue and Langdon.
This creep likes the direct approach: SELL ME YOUR HOUSE!
2 x SW corner Adams Avenue and Whitaker
Seems another old creep has returned to his sinful ways as a dog returns to his own vomit. The yellow coroplast signs with "We Buy Houses 215-550-4000" scrawled in black magic marker has appeared at the following locations:
NW corner Knorr and Bingham.
NW corner Levick and Bingham.
SW corner Tabor and Robbins.
SW corner Devereaux and Tabor.
SW corner Whitaker and Adams.
NW corner Knorr and Montour.
I am sure there are many more!
I'm an actual real estate investor in Philly who personally buys every home I put under contract. I only advertise online. I get calls from these clueless people everyday trying wholesale me houses, if you want to stop them you need to stop the classes. Every month they have workshops where they teach people
Last edited by PhillyHomeBuyer; 05-02-2013 at 08:16 PM.
Reason: don't like it
LOL. This seems to be too imposing and colorful but not yet hitting my senses. I too deal with corporate housing but not this way. Perhaps they need some classes in getting educated from High-School.
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More new "We Buy Houses" creeps!
NW corner Algon and Levick.
NW corner Algon and Hellerman.
SE Langdon and Oxford Avenue.
SW Summerdale and Oxford Avenue.
NE Howell and Langdon.
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