Are you considering selling your home through a “we buy houses” company? This type of service can be a convenient and fast way to sell your property, but it’s also important to be aware of potential scams or rip-offs. Today we’ll learn what “we buy houses” scams are and how to spot them before it’s too late.
Understanding “We Buy Houses” Scams
A “we buy houses” scam is when a company pretends to be a legitimate home buyer but is actually looking to take advantage of unsuspecting sellers. This can happen in a variety of ways, from lowball offers to asking for upfront fees to defrauding homeowners out of their equity.
If you think you might be dealing with a scammer, here are some common red flags to pay close attention to:
- Unsolicited offers: If you receive an unsolicited offer to buy your home, be wary. Legitimate home buyers should only reach out to you only after you’ve expressed interest in selling your property.
- Requests for personal information: Be cautious of companies that ask for sensitive personal information, such as your Social Security number or bank account details, before making an offer.
- Unwillingness to provide references: Legitimate home buyers should have no problem providing references from past clients. If a company is unwilling to do so, it’s a red flag.
To protect yourself from scams, it’s important to always do your research and verify the credibility of any “we buy houses” company you’re considering working with. Google the company, search for reviews, look into their social media accounts. Doing thorough research will best your best form of protection and peace of mind.
How to Spot a “We Buy Houses” Rip-off
In addition to the red flags mentioned above, here are some other untrustworthy business practices to watch for as you get further into the selling process:
- Hidden fees: Some companies may charge hidden fees, such as closing costs or inspection fees, that are not disclosed upfront. Always be sure to ask for a detailed explanation of how the company landed on the numbers they are offering you.
- Lowball offers: Scammers may offer you a significantly lower price for your home than what it’s worth. Be sure to get an appraisal to ensure you are accurately informed on how much your property is actually worth.
- Pressure tactics: Scammers may try to pressure you into making a quick decision by claiming that the offer is only good for a limited time. Be sure to take your time and compare multiple options.
To verify the credibility of a home buyer, consider checking the company’s Better Business Bureau (BBB) rating, reading online reviews, and reach out to previous clients as references.
Choosing Dwela as Your Home Buyer
At Dwela, we are a trusted national home buyer that specializes in buying any home in any condition. We understand that selling your home can be a complicated and emotional process, and our goal is to make it as easy and stress-free as possible. When you choose Dwela, you can expect:
- A fair cash offer: Our local based agents will always give you a fair cash offer. We extensively train our agents in market analytics and property rehabilitation, giving you the peace of mind that an offer from Dwela, will always reflect the true value of your home. No repairs or inspections required.
- A quick and simple process: We’ve simplified our processes to make your selling experience as straightforward and efficient as possible. Walkthrough, cash offer, and close within 14 days!
- A commitment to your satisfaction: Our goal is to help you leave the past behind and move forward to a prosperous future. We’ll work with you to design a custom-tailored solution that meets your needs.
The Bottom Line
It is crucial to approach with caution when seeking out “we buy houses” companies, especially when you are looking to sell your property quickly. There are many scams and rip-offs in the industry, but with the right knowledge and research, you can avoid falling into their traps. At Dwela, our goal is to help you make the right choice with confidence.
We are a national home buyer that specializes in buying any home in any condition. We pride ourselves on being transparent, honest, and straightforward in our dealings with our clients. Our goal is to make the home-selling experience as stress-free and seamless as possible for our clients.
If you are looking to sell your home, we invite you to connect with us to discuss your options. When you choose Dwela, you are choosing peace of mind that comes from dealing with a reputable and trustworthy home buyer.
Ready to get started? Contact us today!