Housing

Social media buyers approach homeowners with below-market offers

Buyers of residential properties have reportedly become increasingly active with advertisements on social media. One prominent advertiser, the National Houses Society, tells homeowners to bypass Funda and promises a fair offer within 24 hours.

The practice carries risks, as offers are generally far below free-market value, according to the account. It examines how this way of selling works and what homeowners should watch out for.