Have you ever come across we buy houses banner ads? Some of these ads are too good to be true. Read further to know how to choose the right home buyers:
Some are legit:
Real estate investors are into distress sale. They buy properties that the seller is looking to sell as quickly as possible. They buy them for cash, undertake repairs (if required) and flip it on the market. Some are franchises of national home investing companies that have been operating for years. Some are local investors, but they’ve lived there all their lives and are active within the local community.
And some aren’t:
Unscrupulous home buyers make tall claims but fail to deliver. They’ll either reduce the asking price to an amount that’s ridiculously low or binds you by a contract.
Look for local cash home buyers:
Those with a national presence operate through their local franchisees who hardly know anything about the local marketplace. These franchisees operate through their remote offices and know nothing about your neighborhood. Choose a local buyer with a good reputation in the community if you are looking for, ‘can I sell my house fast’.
What does the home investor offer?
Every real estate investor promises a 100% cash deal. But not everyone fulfills their promise. Reputable home buying companies do not hassle you with repeated home visits. They have the funds and can close the sale in 2 weeks or less. You don’t have to pay for repairs, renovations, or even cleanup.