When you are burden with thoughts of how to sell your house fast, the last thing you want is for the sale of your home to be held up by a scam. Many people are cautious and hesitant to work with cash for houses companies. We don’t blame you! There are many untrustworthy companies.
Please keep in mind that when you accept an offer from a company, you are legally bound. Of course, there are contingencies written in an agreement which legally allow a buyer to back out of the contract without any penalty. One of those contingencies is for financing.
Some cash for houses companies intentionally make far more offers than they know they can afford. They take advantage of the contingencies available with the hopes that their company will sell a different property to provide the funding of other investments. But, without the sell of another property, they do not have the cash to cover the offer they made.
This is problematic for you because when a buyer backs out of a deal, you lose money. Mostly you lose the opportunity costs. That means the time and energy it took to accept the bogus offer could have been directed towards finding a legitimate buyer. Without closing the deal, you are back to square one. You have to start all over questioning, “How will I sell my house quickly?” Not to mention, the whole time your house is on the market, you, of course, must pay the mortgage, utilities, and upkeep. There are so many costs associated with selling your home. Don’t be scammed out of thousands of dollars.
We Buy Homes is a large, nationwide company with local agents. We have the financial backing of a sizeable organization with the personalized touch of a local office. We recommend that, before you accept any offer, you ask for proof of financing. If you are dealing with a reputable business, they should easily be able to provide proof of funding. Another way to spot dishonest behavior is to notice how a company conducts business. Are the stalling the process by being elusive or not completing paperwork? Are they hard to get on the phone? Do they respond to your messages quickly?
If a company is making offers they cannot support, they are upsetting a lot of people. Which means they are going to avoid spaces that allow customers to review them. Do they have a website or Facebook page? Can you talk to someone when you call or do you only speak to a voice recording? If a company is not easily accessible it may be that they have something to hide.
We Buy Homes is ready and willing to discuss any thoughts or concerns you might have. Read our website. Find us on Facebook. Don’t hesitate to discuss any reluctant feelings you have. Our goal is to take the burden of your property off your shoulders by offering you a cash bid that you feel comfortable with. If you find yourself thinking, “I need to sell my house fast,” please know we are here to help. Contact us and learn how you can have cash in hand within a week.