How to Spot “We Buy Houses” Scams

Protect Yourself From We Buy Houses Unethical Practices

Beware of companies that buy houses for cash scams. The popularity of cash for homes is rising and more and more people are selling their house to companies buying homes fast and for cash. However, so, too, are the We Buy Houses unethical practices. They look credible. They are convincing. They disguise themselves representing a company name, but they are not real; anyone can be their victim.

Below, we discuss We Buy Houses unethical practices and other behavior and how to protect yourself from scams.

We Buy Houses – Unethical Behavior and Practices

We Buy Houses Unethical Practices and Scams1. Trying to persuade to you to transfer the deed of sale to them while the mortgage remains in your name.

2. They ask for small upfront fees. Companies that purchase houses for cash don’t ask for any fees aside from the offer the give you.

3. They tell you that they will send some other people to check your house. These people could be the real buyers, and the agent you thought were the buyer are trying to sell your house wholesale so they can get a commission.

Protect Yourself from We Buy Houses Scams

The best thing that you can do to protect yourself from these We Buy Houses scams is to do research. The internet is giving us 24 hour a day service, so browse and research when you have the chance. Here are the things that you can do to protect yourself from these scams:

1. Check the Reputability

Check the reputability and credibility of the companies that purchase houses for cash. Are they registered with the Better Business Bureau? Do these companies have past issues and complaints? How are their customer reviews?

2. Look at Their Website

Does their website promote their company name? Businesses should promote their brand or company name as much as they can, and whenever they get the chance to, especially in their own platforms such as their business websites. If they don’t promote their company name on their own website, then there must be something not right about these companies that purchase houses for cash.

3. Research the Owner

If you can find the name of the owners, search for them in Google and check what and who they are affiliated with, or if there are some issues or complaints that are associated with their name. This is one way to ensure that you don’t sell your house to scammers.

4. Ask Questions

Your terms and agreements must be clear to both parties. If there are ideas that seem to be vague for you, ask the buyer or the agent to clarify everything. Don’t assume. Ask a question and be aware of what you have learned.We Buy Houses Unethical Practices

5. Read the Contract

There are some sellers who get pressured to read the contract. They may seem too meticulous about it, which may seem to discourage the buyers.

Normally, you really have to be meticulous about reading the contract because you are selling a real estate property; one that has great value.

Before selling your property fast to companies that purchase houses for cash, read the contract so that you won’t miss any agreements that you have made with the buyer.

Sell to Reputable Companies that Buy Houses for Cash

By thorough research, you will see that we are a company that practices ethical buying guidelines to sell your house for cash in Albuquerque and we take every step very seriously and with professionalism. Look for them, ask for the right pricing, and sell your house quickly and for cash.

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Derrick Rosenbarger is a real estate investor and owner of ABQ Property Buyers, LLC since 2016. His background includes over 16 years as an Instructor Pilot in the United States Air Force, which honed his leadership skills. Today, he is dedicated to growing his real estate portfolio and helping others in the property market. Derrick's commitment to excellence makes him a reliable expert in real estate investment.

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