Sean Nelson delivers dozens of letters between Salmon Arm and Vernon looking to buy distressed properties to flip them. (Photo submitted)

Handwritten letters offering to buy Shuswap homes not a scam

Letters used to source properties to invest in, respondents usually in financial distress

Hand-written letters offering to buy properties in the Shuswap have been a cause for concern among recipients, though the practice is neither illegal nor uncommon.

One such letter was shared to a private Facebook group, Shuswap Everything Friendly Goes, where it garnered the scorn of many. Commenters mainly cited the unprofessional appearance of the letter leading them to believe it was the work of a scammer.

Read more: Summerland real estate agents handled many home transactions

Read more: Okanagan real estate market cools off

The letter was delivered by Sean Nelson, who says he has delivered dozens of them to homes in Salmon Arm and Vernon, offering to buy the property in hopes of improving residences and flipping them.

Nelson says the handwritten aspect of the letters is a marketing tactic designed to appeal to people who may respond to a more personal touch rather than a more official looking letter.

Sometimes Nelson goes door knocking and speaks to residents in plain clothes to ask ask if they know of any neighbours that are looking to sell their properties.

“It’s the same idea – if you go to a door dressed up in a suit, you are going to get a lot more negativity than something you can relate to people more on,” Nelson said.

Read more: Vancouver’s luxury real estate market to get a boost: forecast

Read more: Okanagan Mainline Real Estate Board announces new CEO

Nelson’s strategy is to send out a large number of letters that result in a small amount of responses from what he admits are people usually in some sort of financial distress.

“It’s just an investors tactic to look into distressed properties and find properties to invest in, that’s all,” he said.

While not a licensed realtor, Nelson draws a close comparison of his work to that of yellow letter marketing strategies.

The Real Estate Council of British Columbia regulates licensed real estate professionals in B.C., and frequently hears from members of the public who have questions or concerns about real estate transactions.

Read more: B.C. estimates $7 billion laundered in 2018, $5 billion in real estate

Read more: Canadian Real Estate Association reports home sales climbed higher in July

In a statement, the council suggests buyers and sellers get the information they need in order to make well-informed decisions. This information can include working with a licensed real estate professional.

To ensure your home is being sold for its true value, the statement makes several suggestions. Take note of selling prices of other homes in your neighbourhood, have properties appraised by a licensed home appraiser and interview licensed agents and ask each of them to compare your home to similar listings.


@CameronJHT
Cameron.thomson@saobserver.net

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Vandalism hits downtown Peachland mural

Reports state this is the third incident in five months

Interior Health confirms five additional cases in West Kelowna COVID-19 outbreak

The total amount of confirmed cases at Bylands Nurseries Ltd. is 19; no further cases expected

Q&A: Interior Health CEO answers questions on COVID-19 response

Susan Brown, president and CEO of Interior Health, answers questions regarding COVID-19

Residents experiencing homelessness back outdoors as temporary winter shelters close

Kelowna’s homeless are going back to Recreation Avenue

COVID-19: Social media use goes up as country stays indoors

Overall messaging is up more than 50 per cent over the last month

B.C. couple celebrates 61st anniversary through seniors’ home window

Frank and Rena Phillips marked occasion at Nanaimo Seniors Village this week while social distancing

A look at some of the B.C. inventors creating life-saving tools in fight against COVID-19

Groups across B.C. are working together to create what they hope will help people affected by the pandemic

Association launches French-language games, online tools for families learning at home

Games, culture and vocabulary included in new virtual resources

Okanagan College student designs map tracking spread of COVID-19 in B.C.

Sean Heddle says fighting complacency and misinformation is important

‘There can be no ambiguity’: Travellers brought home to B.C. must self-isolate

Health Minister Adrian Dix said the mandatory isolation must be abided by

Summerland’s April 1 snow measurements above normal

Measurements taken at Summerland Reservoir and Isintok Lake

Gray: Answering constituents questions on COVID-19

MP for Kelowna-Lake Country Tracy Gray’s latest column

Okanagan Skaha School Board does not anticipate closures

School district budget tight as a result of declining enrolment

55+ BC Games cancelled amid COVID-19 concerns

Greater Victoria set to host 2021 event

Most Read