Are you planning to sell your house? If yes, then selling to a cash home buyer would be a good idea. However, there are certain things you must consider before making the final decision. Read on to know more.
Individuals looking to sell their house must be extremely choosy when it comes to picking the buyer. You would come across a number of companies and people who would say “We would buy you house for the best price”. It’s your duty to find out whether the organizations and people making such offers are part of any home buying scam. The easiest way of protecting your interest in such situation is by dealing with a reputable cash home buying firm. It should be a company with an impressive track record and more importantly a clean history.
Reading reviews and testimonials would surely help you in comprehending a company’s status and intent. However, there are some more steps and checks you must complete to prevent yourself from getting scammed.
Things you must keep in mind
Avoid the company/person making an unrealistically high offer.
This is possibly the most frequently tried trick as far as home buyers with fraudulent intent are concerned. Whatever might be the reason of selling a house, sellers tend to get attracted to high offers. The chances of conning the homeowner with such unrealistic offers increase even further if the decision of selling the house has been taken to fulfill an unavoidable need of quick money. As a homer seller, it’s extremely important for you to avoid any offer that’s clearly much higher than the actual market price of your property. On most occasions, organizations or people making such offers reduce the sum they have promised to pay when the deal is near completion i.e. when the seller is most vulnerable.
Make sure that you are dealing with a real cash buyer.
It’s extremely important for you to know that right now there are very few real property buyers who would give you fast cash for your home. The bad news is that the majority of the companies advertising on social media platforms, newspaper, and other media don’t actually have the funds required for purchasing your home instantly. In addition, these companies also lack the professionalism you want to see in a cash home buyer.
Facts revealed during a recently conducted survey suggest that a large number of buyers claiming to be authentic cash buyers are actually inquiry sellers. They don’t have the resources to buy a property. When homeowners contact them asking for a quote, they simply pass the inquiry to another company or individual. This stops homeowners from enjoying the biggest advantage of dealing with a real cash buyer; to put it more bluntly, they fail to get the quick cash they need.
A non-genuine cash buyer would require much more time to buy your house as he/she would need time to arrange funds or make a mortgage for giving you the promised amount in cash. Additional time will also be needed for getting hold of a third part for selling your home to.
What’s even more alarming is that in spite of not having the finances required for buying homes, these inquiry sellers keep advertising everywhere.
Know the actual value of your home before contacting a cash buyer.
It’s true that a reputable cash home buyer operating in your area would surely offer you the best possible value for your house. However, still you must always get your home evaluated by a professional before quoting a price for your property. It might be difficult for you to get your home evaluated when in need of some quick cash; in such situations, the seller must perform a quick research on prices of properties that have been recently sold in his/her area. This would help the seller get an idea of the approximate price of the property he or she is looking to sell.
It’s your duty to perform checks on the potential buyer of your home
As an individual looking to get the best price for your home in cash, you must never ignore the importance of doing due diligence for ensuring that the organization or person you are planning to sell your home to is not scamming you. This, other than making the deal profitable for you, would also provide you with the much needed peace of mind. You will be able to complete the sale more happily and confidently. Here are a few questions you must make the buyer answer before making a final decision:
• Will you be able to prove to me that you have the funds required for buying my home available with you?
• Will you be able to show me testimonials of people who have sold their house to you and are satisfied with the service offered by you?
• Will you be able to meet me if I want to (face to face discussions often turn out to be more fruitful when selling homes)?
• How long you have been in the business of property buying? Do you have the experience required for completing the process of buying a property quickly (i.e. within the pre-decided time scale)?
• Do you have the experience of buying homes in my city (asking this is essential as having knowledge about local property rates and local laws is extremely important for closing the deal quickly)?
The discussion above would surely help you in finding a reliable cash buyer for you home. If you are in San Antonio, Texas, you can get in touch with us for selling your house. We have been making attractive cash deals with home sellers for several years. If you sell your home to us, you will not only get the amount your home deserves, but will also get the entire sum in your hand quickly. Over the years, we have succeeded in developing the reputation of closing deals within the agreed timeline. That’s the reason why our customer base is increasing rapidly with every passing day. In addition, our team of experts ensures that you get a fair price for you property.