Ever wondered about those ‘’We buy houses for cash!’’ signs that guarantee you a quick closing and instant profit? Some people are running away from them like a devil from the holy water while others say they can be the last straw for distressed people who have to sell their houses as fast as possible. However, most people are not familiar with their business processes or are vaguely aware of their type of financing. Out of those people, a good majority is or will be in the situation of selling their house and wanting to relocate somewhere else but without success. Or they will inherit a house by their late relative and will be forced to sell it. Should they contact one of these companies or is it a trap and potential scam?
Who stands behind ‘’we buy houses for cash’’ companies?
Usually a team of people who are willing to buy real estates no matter what condition they are currently in. They are able to give you the money you asked for and, in most cases, this could happen in just a few days. There are multiple companies on the market who are praying for the certain type of people in despair whom they can take money from. Most commonly those are people whose houses are stagnant on the market for some time, who experienced bankruptcy, who are in specific situations like in the middle of a divorce or have to move to another town for a job as soon as possible or just have damaged property. Companies will use the emotional instability of those people to their advantage and capitalize income on their clients’ despair.
However, it is wrong to generalize similar business models based on this example. Some of the companies on the market are registered and legitimate businesses with years of experience in selling the properties in this way, with a long list of satisfied clients and customers. The working process of both types of companies mentioned above is similar: seller indicates he wants to sell his property – company and seller schedule the time for a buyer to check the property – buyer estimates the value and proposes an offer for cash – seller refuses or agrees – buyer prepares the buyer’s contract. Nevertheless, the business model of those two types differ. While the first ones want to rob you off, the trustworthy business actually works with you to help you set the value for your property you will be most satisfied with.
Which ‘’we buy houses for cash’’ companies should you trust?
If you see a ‘’we buy houses for cash’’ signs on the telephone pole or near the road, do not just pass by without reading the sign. Usually, companies you can trust have their name, address and telephone number stated on the board. If they do not, chances are they are doing some shady practices and most likely are illegal. If they do not have anything to hide, you can easily look them up online, read their clients’ testimonials, and check up their previous references. Most of the business who are serious and careful about their business activities are the ones who invest their time in presenting themselves in a professional and knowledgeable way online, which means they have a nice and solid website, updated and detailed blog posts, clear marketing strategy and similar activates as any other business have.
If a company has years of experience in this job, it should have some written proof of communicating with its clients, like articles on Facebook, Twitter or other social media, even below their website posts. LinkedIn is also a good way of finding positive (or negative) reviews and other information about specific ‘’we buy houses for cash’’ companies. Remember that not every company behind ‘’we buy houses for cash’’ signs is a fraud but if you cannot find any information about a certain company other than a telephone number, you should continue looking for another one.
We buy houses for cash vs. real estate agents
First, you should analyze your own thoughts and needs because this type of financing is not for every seller. It is the best option for people who are in this kind of a financial situation where they need money asap or just do not want to deal with the stress and pressure of selling the house in a conventional way. Working with a real estate agent means working with a market that is unpredictable and sometimes unfavorable for the client. In addition, there is a list of the demands you should do before you even list your property on the market, which includes additional costs like renovations, repairs, modernizing the existing interior or exterior and similar activities. If you want to save up your hard-earned money, than seeing a ‘’we buy houses for cash’’ sign near the road can be a sign from heaven.
Good preparation, thorough research and reading various reviews about ‘’we buy houses for cash’’ companies can help you with deciding if this is the right way for you to sell your property. You also have an option to contact the company and ask all the questions you find important or check the ‘frequently asked questions’ page and try to find the answers by yourself. Just because some people had negative experiences with similar businesses does not mean all of them want to trick you. There are companies that nourish their business reputation by looking after their clients’ wishes and satisfaction and will do everything according to the law and smart business strategy so that they earn clients’ trust and loyalty. They will not risk their reputation and current and potential clients just to earn a small amount of money. They know that clients are the reason they exist in the first place and will keep them happy in the future.
If you have any questions regarding ‘’we buy houses for cash’’ services you will find that there are several who really want to do what's best for you. Online sites such as FastHomeSales.com, CashOfferOnHouse.com, and SCHomeOffer.com provide valuable home buying assistance for hundreds of homeowners every year.
