Posted almost 9 years ago

Craigslist – We Buy Houses Ads – A Cragislist Success Story



Well I’m a investor in maryland dc, va. Every now and then I search through the ads over at craigslist to see if there are any houses that we can buy.  Craigslist is a free site and most of you already know about this but most of the ads in the for sale by owner site are fake and put up by other investors.


Most of the ads are placed by investors in MD, DC, VA. Posing as homeowners trying to get cash buyers like myself. Since I really do by houses in maryland area sometimes this is frustrating to me.


Last week I founded an ad for a - for sale by owner house in maryland.  The home owners wanted 125k for the home but it needed repairs and the market value of the homes in that area was only 180k upgrade and repaired. Obviously 125k was to high so I asked how did you get your price, and they stated “We just thought this was a good price.”   I made an appointment to go see the house and with a few questions I found out the the home owner had passed away and the family was selling the home.


So this property was a Maryland probate property which is a property in an Estate. Now we buy houses in probate all the time in maryland, and this one was a challenging one because it had 7 heirs to it. Heirs are family members who will benefit from the estate sale.  I made an offer on the home that I was comfortable with and would allow me to fix the house up and resale it and make a little profit, because after all I don’t’ do this for fun.


Well after talking with the md home owner she stated that offer was to low because 7 family members had to share the money and they would not go for that offer. Immediately I offered 10k more, and the estate rep said she would take this offer back to the others and see what they will say. 


After waiting a few days for her to get back to me I made a follow up call, the family member said they needed a few more days to decide and she would get back to me. I kept calling but was being giving the run around so I knew this was not good.  I called her again and stated that I would send her sales comps of properties that other cash buyers brought in that part of MD. within the last 2 years and what I was offering was more than what these cash buyers had paid.  My quote “ The numbers don’t lie – I can’t afford to pay more than the house is worth”


After receiving the paper work she came back and said there are six family members who are okay with the sales price and one who doesn’t agree.  Well this went on for about another week and I felt like I was on trail with a 7 jury panel waiting to be convicted.


She came back a week later and said the family would except my offer, the  bottom line is that I came up with an offer that was a win for their family but at the same time a win for me because we both needed to be happy. Now I buy houses for cash and I offered them a quick close 15 day settlement, we went to closing I met the family and everybody was happy.


I place we buy houses in Maryland ads on Craigslist and I normally get responses but this was the first time I ever called an ad and brought a house. 

So if you are ever looking to buy a house or sell a house on Craigslist call me 301-660-3Buy don’t give up because there are real sellers on Craigslist and real buyers like myself.

Comments (2)

  1. Great website, do you get good traffic?