Selling your house fast for cash has numerous benefits. You can use the money you make to buy a new home in the Bay Area or even move to a different state. If the house you’re selling isn’t your primary residence, then you can even use the money to purchase properties you can rent out and earn additional profit.
There’s a catch, though — not all “sell your house quick for cash” businesses in San Francisco, The Bay Area and Sacramento counties are made equal. Some are legitimate and are a huge help to people in need, but many off-market buyer scams only drain homeowners’ money.
Thankfully, you can avoid “we buy houses” scams in several ways. If you’re looking for a trusted home buyer in California, look no further than Brothers Buy Homes. Visit our website today to request a free, no obligation cash offer for your home.
Below are some common red flags to keep in mind and tips to help you find legitimate cash buyers.
Understand How Legitimate “We Buy Houses” Companies Work
First, make sure you know what you’re getting yourself into. Understanding how companies that buy homes for cash work will help you better understand the prices they offer, how their agents operate, and what to expect when dealing with such buyers.
Cash buyers generally buy properties in bad shape, damaged, or abandoned to remodel them. Their cash offers are fair, but you may see something different from market estimates.
Since these companies are looking to renovate the properties and sell them later on, it does not make sense for them to make an extremely high dollar offer for the houses when they will still be investing a lot of work and remodeling.
Do Your Due Diligence
These days, it’s become much easier to do your research on any company or person you may be thinking of doing business with — all thanks to the internet. A quick Google search can reveal the lack of a website, legitimate reviews, and listings on recognized organizations.
Always verify the name of the company, its phone number, and address. Do a Google map search, or, if you have time, you can even check out their office. With enough skills, creating a dummy website is easy, but it’s harder to fake an actual office and address listing on Google.
One of the best ways to ensure any business’s legitimacy is to search the company on the Better Business Bureau (BBB) website. If BBB accredits them, that’s an automatic indication of their credibility.
Additionally, verify any reviews the company may have posted on their website or socials. Forums and Facebook groups are useful resources to check other people’s experiences with the business.
Check All the Documents
Doing your due diligence isn’t limited to just online. Selling real estate property requires written contracts, so make sure to examine all the documents. It’s recommended to have a lawyer who’s well-versed in these transactions look over all the documentation to ensure its legitimacy.
If your buyer or company constantly neglects or outright refuses to provide legal documentation backing their claims and promises, you are most likely dealing with a scammer.
Too Good To Be True
One of the biggest red flags when dealing with “we buy houses for cash” scams are the deals they offer. If the offer is too good to be true, then it likely isn’t real. Try not to let the cash offer blind you from the telltale signs of a scam.
For instance, take full note of the condition of your home and its estimated price. If your property is distressed or extremely old, expect any offers you get to reflect that. While legitimate companies generally buy houses in any condition, they offer fair prices or perhaps estimates just under the expected market price.
Talk to Trusted Cash Homebuyers in the Bay Area
Whether you are looking to sell a fixer-upper, a long-vacant rental, or a well-maintained family home, Brothers Buy Homes will not let you down.
We make it easy for homeowners to earn cash the legitimate way! It’s as easy as texting or calling us. If you’re still considering your options and want to know how much your home can sell for, we can help you with that, too.
Visit our website today to get a fast, free, and no-obligation cash offer from one of the most trusted cash home buyers in the East Bay Area, Oakland and San Francisco!