this is Keisha creditis a 32-year-old entrepreneur whose family first settled in Seattle when his grandfather, Daniel Duncan, purchased a home in the Central District (CD) in 1968. After his passing in 2020, Keisha inherited the house.
For her grandfather, home was a labor of love. As a plumber-trained architect, Daniel undertook his extensive renovation process in 1976, with a total of six bedrooms and he built the frame containing four bathrooms. Today, the closest comparable property is currently selling for $1,995,000, but as Keisha explained, The hot topic of TikTokshe received an offer worth hundreds of thousands of dollars.
“When I inherited the house from my grandfather, literally the day after he died, there was a letter in the mail asking me to buy my house,” Keisha said. video“I can’t tell you how many predatory letters I received to buy my house below market value.”
For the average homeowner, emails from banks and fraudulent offers to buy a home at a discount are nothing new. But what makes her story stand out is the amount, sender, and fad that goes on in families like Keisha.
“My house wanted lower prices from mailers, not just ‘big companies’ and ‘real estate companies,'” Keisha told BuzzFeed. “this [handwritten letter] It was from a neighbor in my community…the day after my grandfather’s body was last carried over his threshold.”
“We’re one of the oldest families on my block…he knew us,” Keisha continued, reflecting on how the neighborhood changed during her life . “They had a particular interest in this community and wanted it to be known. Anyone who would like to express their condolences and ask them to buy your home in the same letter would have a clear intention.” I have.”
She thinks it’s obvious when Keisha talks about intentions. It’s a slow and steady reformation of neighborhoods that prioritizes new buildings, new families and new customers rather than investing in existing homes and residents.
Otherwise, this process is known as gentrification. This includes economic shifts in historically uninvested neighborhoods due to real estate investment and new high-income migration, and demographic shifts as well as income levels. defined by the resident’s education level or racial composition. urban relocation project.
And she’s not wrong.of A red line was drawn in the central district, and in the case of Keisha’s grandfather, this meant that when he was looking for a place to put down roots for his family, land and home owners sold or rented their homes to blacks, Asians and Jews in the area. It meant that he avoided doing so and drove them home. A neighborhood in your pocket.As a result, his CD in the 1970s made him 73% black, according to The Seattle Times. reportIn 2019, that number dropped to 14%.
as Seattle Times columnist Gene Bork I got it“Many of our city’s neighborhoods have been gentrified, but nowhere on CD has there been a more pronounced racial component to that change.”
Keisha is currently taking offers for as low as $800,000. “It’s good money, but definitely not. It’s disrespectful and assumes I don’t know the value of my home,” she said.
And as you get caught up in the grieving process and learn how to cope after the death of a loved one, Keisha understands that it’s easy to fall into one of these traps.
“When I first became the owner of this home, I received several letters stating that I was in arrears on taxes. We were talking about deeds, we weren’t behind on our taxes,” she said. “It took so much time and paperwork to do the paperwork after someone died. There are accounts, policies, taxes, etc. that you don’t know about. Yeah, I was taking it seriously to get the letter that I could lose.”
However, she soon learned that these letters were not true, and looking around, she wondered how many of her neighbors had been lied to. , most of us left not ‘happily,'” Keisha said. It’s FELT.”
Discrimination against potential black homeowners was not prohibited by law until 1968. fair housing lawFor reference, like me, my mother, the 27-year-old writer of this article, was born in 1966.
“[People of] other [races] You can tell they’ve owned the land for centuries,” Keisha said. … [But] We now have the experience and knowledge to help each other grow and avoid pitfalls. But there are many things we don’t know, just because we didn’t know. “
The 32-year-old hopes her video will serve as a call to action for other young people learning how to manage their newly inherited home.
And if you’re curious about the true value of your home, you can hire a professional appraiser, talk to a real estate agent, or get quotes from home buying apps like RedFin and Zillow. Compare nearby comps.