The internet is packed with offers and ads saying, “we buy homes El Paso residents would never buy” or “we can buy your home fast with cash money.” Now, if you actually plan on selling your house, this may seem like an unusual method; however, rest assured that it works with the right company.
Home investors come in all shapes and sizes, and all of them will promote themselves similarly. So how do you really sift through the results and find an investment company you can depend on, even if you may have given up on selling your house.
The Process of Selling Your Home to a Professional Home Buyer
Old, ugly and damaged houses can all be sold fast with the help of investment companies that usually buy them to renovate and sell them, rent them out to local residents or companies, or replace them with a commercial real estate property. They have a lot of options at their disposal and the money to turn them all into reality.
This is good news for the seller – AKA, you – since it gives them a chance to sell their home in no time and avoid all the hassles of having to renovate or deal with annoying buyers who claim the house is worthless.
By simply contacting a few companies through one of those “we buy homes El Paso experts would overlook” ads, and asking to get estimates on your house, you’re already on the right track. From there to deciding upon which company to go with in the end, it’s just a question of doing some research, performing a background check on the company and comparing the different offers you get from various investors.
How to Determine Which Company Is Worth It
The first step is obviously to talk to different company representatives, assess their ability to help and inform you, and compare the various offers they make on your home. However, if you only rely on this simple approach, you may risk running into scammers and people who are misleading in their endeavor of getting more for less.
Consider these simple recommendations and precautions before you try to sell your home for cash:
• A common scam happens through email. Most email scams can easily be identified by your realtor; however, if the scammer seems to have legitimate documents such as proof of funds statements and passports, it’s important to do a detailed background check and follow the money to determine whether they’re legitimate or not.
• In some cases the money that scammers use to pay your home may come from drugs or money laundering. In any case, businesses have to report any cash payment over $10,000 to the authorities to prevent such situations; so make sure this happens before going through with the deal.
• Proceed with caution when the buyer doesn’t haggle. Investors will always try to get a price that works for them, and if they accept your price, chances are they might be trying to scam you.
In most cases, it’s easy to spot a scammer because of the lack of any online information about the company or claims and complaints made by past sellers who may have been caught up in a scam. As long as you find a reputable investment company, however, your problems will be solved in no time.