When homeowners are trying to sell their homes, they can fall prey to some of the most common home buying scams. These scams are often targeted at people who are not familiar with the housing market or don’t have experience selling homes themselves.
In this blog post series, we will be discussing 4 of the most prevalent home buying scams that you should avoid when trying to sell your home.
- Look Out For Investors That Are Pressuring You To Sell
When you’re trying to sell your home, many people will try to take advantage of you. Unfortunately, many home buyers and home selling companies fall into this category. They’ll often pressure you into signing a contract or agreeing to a quick sale before you’ve had a chance to think things through.
To avoid these home buying companies, it’s important to know what to look for. The most common scams include:
- Offering you a too-good-to-be-true price for your home
- Pressuring you into signing a contract before you’ve had a chance to think things through.
- Watch Out When They Want To Buy The Home Sight Unseen
One of the most common home buying scams is when a company offers to buy your home sight unseen. They may even offer you more money than you are asking for. However, this is just a way to get your home, and then they will sell it at a much higher price. Always be sure to do your research on any home buying company before accepting an offer.
Be sure to watch out when the home buying company asks you to sign a contract before they come and see the home. This is also a sign that they are not legitimate, as most home buying companies will want to inspect the home before signing any contracts.
- When The Buyer Is Always Unavailable
The easiest way to catch a scammer is when the buyer is always unavailable. The home buying company will claim that they are interested in your home, but they are always out of town or too busy to come and see it. They may even ask you to send them pictures of the home.
However, they will never actually come to see the home. This is a scam because the home buying company is just trying to get information about your home to find a buyer on their own.
- When The Buyer Doesn’t Show Up For An Inspection Or a Contract Signing
This is the most common scam when selling your home because it requires very little effort on the buyer who does not want to buy. If you get an email or phone call from someone claiming they are interested in purchasing your home and would like to set up an inspection, but then nothing happens, chances are they aren’t serious about buying your home.
Make sure that you have all their contact information to keep track of them and find out right away what happens if this situation occurs for anyone showing interest.
- When The Buyer Is Being Unprofessional
Nothing is more frustrating than working with a buyer who’s not acting in good faith when it comes to home sales. During the home buying process, you can expect your home buyers to make mistakes or run into unforeseen circumstances that delay their ability to close on time.
Another common issue is when the buyer tries to renegotiate the price after an agreement has been made. This often happens right before closing, throwing a wrench into everything and significantly delaying the process.
Sell Your House To Trusted Cash Home Buyers in Atlanta
The home buying process can be scary with all the scams out there. But with a little knowledge and preparation, you can avoid many of these home buying scams that will cost you time and money. Before selling your home, it is important to research the local scammers to avoid any issues during the sales process. Work with your local trusted home buyers!
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