4 Tips on How To Avoid a “We Buy Houses” Scam

Don’t fall victim to aggressive home buyers that use the “we buy houses” signs. Not all cash home buyers are scam artist but you need to be able to spot when they call. If you’re in a situation that finds you need to sell a house quickly, you’re far from alone. Hundreds of thousands of other people have found themselves in the same boat at one point or another and for a multitude of reasons. Some are changing jobs or relocating. Others are finding themselves facing a divorce, the death of a loved one, or unexpected financial setbacks.

Are the “We Buy Houses’ Ads you see a Scam?

That said, it’s easy to see why it would be appealing to simply let the first “we buy houses” company you hear about take the property off your hands. However, it’s important to realize that like all people in need of accomplishing something important as quickly as possible, those looking to sell houses fast are common targets for scam artists. Stay in the know and keep the following in mind.

Pay serious attention to your purchase and sale agreement.

You most likely already know how important it is to get everything in proper writing upfront before signing your name to any agreement. This is no less the case when you’re selling your house. Don’t let your need to sell your house quickly mean that you overlook the need for a professional purchase and sale agreement.

Read over the agreement presented to you thoroughly. Do you understand everything about it? Is there anything about it at all that seems fishy? Don’t ever sign your name to a document until you’re 100% sure it’s on the up-and-up. Have your lawyer look at it. (Even your mortgage company can help you in a pinch.) We buy houses scams often find the buyer rushing the seller when it comes to actually signing on the dotted line and with good reason. They don’t want you to read anything over too carefully.

Make sure the buyer is part of the Better Business Bureau.

These days, it can be difficult to know who to trust. A person or organization doesn’t necessarily need to be legitimate to look legitimate at a casual glance. After all, anyone can put up a website, have a few business cards printed up, and market himself as a professional home buyer. Is it any wonder that “we buy houses” scams are so common these days?

Always make sure everything about the buyer checks out under scrutiny. Established, legitimate businesses are part of the Better Business Bureau. They also have a real business history and a solid reputation that will actually scan when you do your research.

Work with a buyer that treats you like a person, not a transaction.

Often, perpetrators of “we buy houses” scams see homeowners as potential marks, not valued customers to be treated with respect… and it shows. That said, never do business with an individual or company that makes you feel like you’re just a potential paycheck and not a human being.

Is the agent gracious and does he come across as caring? Is he/she easy to reach? Is he/she professional — quick to return your calls and patient when it comes to answering your questions? Does he/she make you feel good about doing business with him or does he make your internal red flags start waving? If your agent doesn’t make you pause… does his company? Trust your instincts. They’re usually correct.

Work with the actual buyer on a one-to-one basis.

Scammers usually prey upon gullible people, be sure to do your research and don’t fall victim to one of these types of scams.

Last but definitely not least, you’ll want to make sure that you’re working directly with the person or entity that will be purchasing your home. Many “we buy houses” scams will find you working with a third party company that will simply sell your information to someone on a bulk list. If this seems to be the case, you can’t be assured of getting a fair deal.

Don’t let the need to sell your home quickly find you falling for deals that sound too good to be true or believing that you don’t have any other options than the raw deal a potential scam artist is offering you. There are professional and very helpful “we buy houses” companies out there. Just take the time to make sure you’re dealing with one before you finalize your decision.

Work with a local home buyer that understands your real estate needs.

We understand that selling your house is a scary and stressful time for you. That’s why we’re here to answer any questions you might have about selling your house quickly. At Envy Property Solutions, we’re here to help you. Ready to sell, or just have a question? Give us a call at (775) 391–5236. We’ll give you a no-obligation cash offer to help you sell your house and not getting scammed!

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