If you’re selling your house for cash you may be wondering how to avoid a cash home buyer scam. While the benefits of selling a home for cash are numerous, it’s crucial to know how to identify a reputable cash home buyer to work with.
At KC Property Guys, we’re proud to be the #1 leading cash home buyer in the Kansas City area. In this guide, we’ll discuss what to look for in a reputable buyer to avoid being scammed.
Look For a Transparent Process
Whether you’re working with an individual or a real estate investment firm, the seller and buyer should both have a clear understanding and agreement on the sales process.
This is especially important to look for in cash home buyer companies. If the company is not willing to explain their step-by-step process of buying a home for cash, that is a red flag of shady business practices and you should keep looking for a different buyer.
At KC Property Guys, we are highly committed to using transparent business practices. As such, we clearly describe our 5-step process of buying homes for cash on our website, over the phone, and in person.
Beware of Pushy Buyers
If you’re working with a potential buyer, and you’re being pressured to sign a sales contract on the spot, this may be a sign of a scammer. This scammer will want to get the deal over with so quickly that you won’t have time to process information, consider an offer at any length, or ask questions.
When we work with a homeowner, we answer preliminary questions over the phone and continue to communicate and answer any questions throughout the rest of the sales process.
Once we make an offer, we understand that the homeowner needs time to consider it, and if everyone agrees to move forward, the homeowner chooses the closing date at their convenience.
If a buyer isn’t willing to allow that time for consideration, negotiating, and scheduling a convenient closing date then they may not be safe to work with.
Avoid a Cash Home Buyer Scam by Not Wiring Money to the Buyer
Some cash home buyer scammers will ask you to send them money as part of the sale process. This is a huge red flag. Many scammers operate by collecting these “fees” over and over again from unknowing sellers.
Sellers should not pay the buyer to receive an offer, have a walk-through of the home, enter into negotiations, etc.
At KC Property Guys, we work with a title company that handles theIf you’re working with a real estate investment firm, remember that reputation matters. The company should have a nicely laid-out, informative website, accessible contact information, and a clear explanation of its business practices.
You should be able to find reviews of the company. It’s always important to read through past experiences of sellers working with the company. If the reviews are overwhelmingly positive, it may be a sign that the business is either a scam or does not follow transparent or fair business practices.
At KC Property Guys, we’re proud to be A+ rated with the Better Business Bureau and to be rated the leading cash home buyer company in the Kansas City Area. Our reviews are overwhelmingly positive and reflect our commitment to fair, reliable, accessible, and reasonable business practices.
Avoid a Cash Home Buyer Scam: Contact KC Property Guys
If you need to sell your home for cash, it’s crucial to protect yourself by avoiding scammers and only working with a reputable and reliable buyer. Avoid a cash home buyer scam by working with our expert team of real estate investment professionals – contact us today!
