If you’re looking to sell a home that is in need of renovation, are facing foreclosure, or just don’t want to deal with the hassle of selling your home through a realtor, selling your home for cash can be an attractive option. It’s much faster than selling your home in the traditional method, and most companies that buy houses for cash don’t charge commission or closing costs, so it can actually end up working out in your favor. But, there are buyers who will attempt to low-ball or scam you, so it’s important to know what to look out for. Otherwise, you could get taken advantage of when selling your home.
As one of the greater Philadelphia area’s most trusted real estate investors, we’ve worked with hundreds of satisfied homeowners. And we’ve also heard plenty of horror stories from people who have dealt with less reputable home buyers. Here are four things to look out for when selling your home for cash:
1. The Buyer Approaches You
If you’re not actively reaching out to cash buyers, you should be wary if one approaches you. It’s one thing if you were referred by a friend, but the more reputable cash buyers aren’t usually scouring real estate listings looking for houses that have been on the market a while, or look like they may not sell.
2. They Offer to Pay List Price
Unless you’ve listed your home at a price so low that your phone is ringing off the hook with buyers who want to take it off your hands, you should expect the buyer to attempt to negotiate a better deal. If they don’t, it may be a clue that something strange is going on.
3. They Don’t Want to See the Property
Whether you’re selling on the open market, or entertaining cash offers, most buyers are going to want to see your property before they’ll finalize a deal. In most cases, this means seeing the property in person. Other times, photos may be enough, especially if you are open about the issues with your house. The reasons for this are obvious. Buyers don’t want to get stuck with expensive problems they didn’t know about and didn’t factor into their offer. So if a buyer seems uninterested in seeing the property, there’s good reason to wonder if they’re making a legitimate offer.
4. Email-Only Communication
Most email scams are easy to spot. They’re usually poorly written, and aren’t connected to a legitimate business. And if they do appear credible, there are usually other red flags as you continue through the sale process. For example, contracts that don’t seem like they could possibly be valid or official. And if you ask to speak on the phone or offer to meet in person and they decline or make excuses, you should be doubly suspicious.
Related: Tips for Getting More Cash When Selling Your Home
Selling Your Home for Cash to a Trusted Buyer
No matter what condition your home is in, or what reason you need to sell, you can count on Home Cash Guys to make you a fast, fair offer. Just listen to what some of the homeowners we’ve worked with have to say. We are local experts in the Philadelphia real estate market, and pride ourselves on giving you the best deal possible. We don’t charge commission or closing costs, handle all the paperwork, and can close in as little as 15 days. We buy houses as is, so you don’t have to worry about making repairs. And you don’t have to let your house sit with no interested buyers. Relieve yourself of the stress of dealing with an unwanted property, and putting cash in your pocket today!
If this sounds good to you, we’re ready to make you an all cash offer on your home. All you have to do is answer a few quick questions, and we’ll be in touch right away to discuss the next steps so we can make you an offer.