The housing market is a lot more challenging for sellers than it used to be. Because of this, some people have been sucked in by scam artists.
If you’ve seen signs about companies that buy houses, you may have worried that their promises are too good to be true. Some of these companies are completely legitimate, but other companies are running scams.
If you want to learn how to avoid these we buy houses scams, here are a few things you will want to look out for.
Avoid Companies That Are Secretive
A company that is trying to buy something from you should be up front about what they want and what they are looking for you. If you ask them a question, they should be able to give you a clear answer.
If a company is vague about what they want or secretive when you ask them questions, they may be trying to hide something from you. Work with a company that is more than willing to answer your questions.
Don’t Work With A Company That Jerks You Around
Legitimate house buying companies are will work hard to get things taken care of in a timely manner. If they make you an offer, they will stick to that offer.
If a company keeps changing things at the last minute, that’s a very bad sign. If you are selling your home, you need to know what you are agreeing to. A company that keeps pulling the rug out from under you is probably running some kind of scam.
Look For Places With An Office In Your Area
For example, they should have an office that you can visit.
If the company doesn’t have an office, or if a company isn’t local to you, that could be a sign of a problem.
Find out where the company’s offices are before you agree to show them your house.
If they aren’t in your area, find out why they are buying houses in your city.
Don’t Work With Companies That Want To Do Things Under The Table
When you’re selling a home, things have to be done in a certain way. You will need to get everything approved by the bank that holds your loan before the sale can go through.
If a company is trying to do things without involving the bank, that is a very bad sign. Everything should be above board with your home sale. If a company is encouraging you to cut corners, you should cut all ties with them.
While there are we buy houses scams out there, most of those scams are easily avoided. You shouldn’t be afraid to work with a company that buys houses.
You should just take the time to confirm that the business they are running is completely legitimate. If it is, you can sell to them without having to worry.