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.