Updated: Jun 7, 2020
What Are They Called?
You see them all over the streets. As you're driving to get groceries, picking up your kids, going out to the movies. No matter what you do, no matter where you go. You see them:
"WE BUY HOUSES! CASH! Call Me Now, or The World Will Explode!!!"
Right? Can you not think of at least 20 you've seen today?
These signs are all over the place, and they probably aren't going away anytime soon.
But what are they exactly?
They're called bandit signs, and we're about to take a deep dive into:
What they are
Who puts them up
And what you should expect from them
Who Puts Up Those We Buy Houses Signs?
A big question is always:
"Who exactly puts those signs up?"
Primarily, there are two types of individuals that would be responsible for plastering these signs all over town.
Real Estate Wholesalers
Real estate wholesalers are the most likely culprit. Wholesalers are individuals who set out to find one thing, and one thing only.
Cheap real estate!
They can do so in a variety of ways.
They may send out mailers
They may make phone calls
Or, they may post up bandit signs promising fast cash
Real estate wholesalers use these signs with the hopes of getting what's known as "motivated sellers" to call them directly.
Motivated sellers are homeowners who may find themselves in a sticky situation.