Last Week’s Column About Seniors Being Cheated Out of Their Home’s Equity Got Lots of Reader Response

One reader said they were offered a quick sale of $120,000 cash, but called me before agreeing to the transaction.  My research showed their home could sell for twice that amount.

I wasn’t contacted in time to save an elderly Arvada couple from being coerced into selling their home for half its worth by a developer who made a point of telling the couple not to tell anyone about their transaction. The couple actually felt threatened, not just coerced. Indeed it was a neighbor who told me about the transaction, because the couple still felt obliged not to reveal anything.

Call me if you have been approached by an investor urging you to sell your home for what sounds like a good price. I’ll tell you if it really is — or if you should get more money for it. Write to me at Jim@GoldenRealEstate.com or call me at 303-525-1851.

Author: Golden Real Estate, Inc.

Golden Real Estate is a prominent member of the Denver/Jefferson County real estate scene. Based in Golden, we service both Denver and Jeffco, representing both buyers and sellers. We're well known for Broker Jim Smith's weekly "Real Estate Today" column published in the Denver and Jeffco editions of the Denver Post's YourHub section each Thursday. The column also appears in several weekly newspapers and is archived at www.JimSmithColumns.com. We have nine agents, all of whom are Realtors and EcoBrokers. Our office is Net Zero Energy since December 2017, and several of us drive electrics cars. Known for our sustainable practices, we accept polystyrene (aka "Styrofoam") for recycling, keeping 200 cubic yards per year out of area landfills.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s