These may not be illegal or full-blown we buy houses scams but are intended to take advantage of you and your situation. There are many other situations that I call ‘semi-scams’ to watch out for. Other Not So Obvious Semi-scams to Watch Out For
YOUR FREEDOM FORMULA SCAM FULL
When viewing houses, trustworthy house buyers will look for the positive aspects of the house as they know full well they will be making repairs and breathing new life into the home. They are worse than a used car salesman…Ī respectable and reputable real estate investor will always treat you with respect. They will show up on time and show empathy. This type of investor may as well be wearing a plaid suit and lots of gold chains. Harsh words about your house are solely intended to force you to lower your opinion of the value of the house. If they walk through your house and tear it apart with harsh words about the house or your situation, you are probably dealing with someone that could care less about your feelings or what you get out of the deal. They certainly don’t value your time or respect it. If a Phoenix home buyer says he or she is going to meet you at your house at 2:00 on Wednesday and they show up at 2:20… they might not be trust worthy. Actions always speak louder than words and I’ve found them to be very telling about people. If something doesn’t seem right…it probably isn’t.Īnother way is to determine whether their actions match their words. It may seem impossible to determine whether someone is genuine or running we buy houses scams…but it’s not. We will discuss exactly what to ask for to determine whether you are dealing with the right kind of house buyer or not later in this article. You need to get the facts about who they are and what they can do for you. Sometimes it’s the straight and to-the-point woman.ĭon’t let your guard down just because someone smooth talks you. Sometimes it’s the overly nice gentleman. It’s not always easy to pick out who the scammer is in a crowd. Scammers Don't Always Look and Act like Used-Car Salesmen
I don’t know about you, but I’d rather work with somebody local that I can meet face to face. Just because they are not local doesn’t immediately make them a scammer, but I sure would rather know who I’m dealing with. This occurs a lot when the supposed “investor” lives in a different city than Phoenix and communicates almost entirely by email. These investors present these documents to make them appear legit but these documents can easily be faked. Phony bank statements and pre-approval letters for loans are given without being requested from untrustworthy real estate investors. Just don’t sign any Warranty Deeds, Quitclaim Deeds without the services of a real estate attorney or title company. Please do not mistake this for signing a contract to sell your house. That can and probably will happen at your house. Any sale you have should happen at a title company so that you can make sure the paperwork is handled properly and all liens are taken care of. If a buyer wants you to sign over the deed to your house anywhere other than a title company or attorney’s office, you’re likely going to be making a costly mistake. They make their money from buying houses, fixing them up and either renting or selling the house. This person is likely a scammer. Honest home buying companies don’t make money charging application fees. If a house buyer wants you to pay them any kind of fees to evaluate your house, run away as fast you can. These signs can mean you are caught in some of the we buy houses scams being used today. Most of the time there are “tells” that will clue you in to their true intentions. It can be difficult to determine if who you are dealing with has your best interests at heart. People have lost lots of time, money and even their houses to scams run by investors that don’t have any sort of moral compass. It can be difficult to know which one you might be dealing with. There are a lot of legitimate house buyers in Phoenix, but there are also some people that are running we buy houses scams. By the end of this article, you’ll be armed with what you need to know to choose the right company to buy your house. I’m going to share some tips for you to make sure that who you are working with is a legitimate house buyer and not someone looking to scam you. If you’ve never sold a home before or never sold one without the services of agent, it can be quite scary. In fact, nationwide, 5.5% of home sales were to investors according to a report by RealtyTrac. Every year, thousands of people sell their homes directly to investors rather than listing with an agent.
Maybe you would rather skip the hassles and sell to a Phoenix cash home buyer instead. The traditional way to sell a house is using a real estate agent and having them list your house.
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