If you decide going through the traditional home-selling process isn’t best for your situation, you’ll need to do a lot of research to make sure the real estate investor you’re considering is legitimate and that you aren’t being taken advantage of. Most of us have gotten those “We buy your house for cash” fliers in the mail or have seen the signs up around our neighborhoods. Don’t take these marketing ploys at face value. Make sure you cover your bases when exploring real estate investors. Here are some important steps to take:
- Do your homework. Check their website. Explore their frequently-asked-questions section. If they don’t have a website, ask the investor for materials that support their business claims.
- Read reviews online. Remember, the comments and testimonials an investor has on their website may or may not be real, so look at third-party sites like Google Reviews to see what past customers have said. Most professional investors, even if not part of a large investment company, have some sort of online presence.
- Check to see if they are associated with their local Better Business Bureau (BBB). If they are, be sure there aren’t warning signs. The best scenario is that they are an A+ Accredited Business with BBB, which means that the company supports the BBB’s efforts to promote truth in advertising and integrity in business. Check out https://www.bbb.org/ for more information.
- If you meet with a real estate investor and an offer contract is made, given your home is likely your largest asset, it’s not recommended to sign at the first meeting. If you are being pressured in any way or things seem to be moving too fast, this is a potential red flag.
- If you are presented any offer, read the purchase contract thoroughly, including the small print which may contain language with big implications. It could be helpful to even have a family member or friend review the offer as well.
- Never give any money to the investor until the closing date, and even then, all transactions should take place through a closing or escrow agent.
Why Trust Homestead Road with Your Home Sale?
If selling your home has been a challenge or you’re realizing you don’t want to deal with the additional stressors involved in a traditional home sale, give real estate investors a try. Here at Homestead Road, we’ve worked with members of the community who have been taken advantage of by these “We buy your house for cash” claims, and we are here to help you move forward faster the easy way. With Homestead Road, you’re able to sell your home completely as-is, making all those worries like time, money, and repairs disappear. We want to bring your home back to life as well as bring value into the community as a whole. Check out our website, find us on Better Business Bureau, or give us a call to receive a free, no-obligation, in-home consultation with one of our trusted home sales advisors to see if this route is right for you. Best of all, you’ll never be pressured at any point during the process as our goal is to put you in full control of the sale of your home, including closing on your timeline.