PHILADELPHIA (KYW Newsradio) — The Philadelphia Human Relations Commission has launched an online registry for homeowners who do not want to be approached by anyone trying to buy their homes when their homes are not for sale.
The registry targets “wholesale” buyers who advertise “cash for homes,” or use aggressive tactics, offering to buy a home “as is.”
Councilmember Allan Domb, who sponsored the bill to create the registry, said it is intended to protect owners of older homes in rapidly developing areas.
“We heard of too many stories where people would sell a home for $30,000 or $40,000, and two or three months later, it would be sold with very little work done for $90,000 or $100,000. And that’s really not fair to property owners,” he said.
Domb encourages homeowners to take advantage of the registry.
“Being on the Do Not Solicit list will not prevent you from selling your home or listing it with anyone, real estate broker or otherwise, but hopefully it will prevent wholesalers or anyone else from calling you,” he added.
The bill also requires wholesalers to get an annual license to do business and prohibits false advertising.
More information can be found here.