Before selling your house in San Diego and California, you might immediately think of listing your property on the market or hiring a real estate agent to do the job for you. However, with enough research and asking around, you will realize several ways to sell your house. You can contact a cash buyer to purchase your home on the spot. These cash buyers are companies that buy real estate properties for cash — as is or flipped.
Using cash buyers is one of the most effective and legitimate ways to sell your home. Unfortunately, people who are not aware of the best real estate practices are prone to scammers. All the buyers’ hard-earned money will go down the drain if they fall victim to these kinds of fraud.
To avoid being distressed by the thoughts of being scammed, it’s good to read about some of the telltale signs and tips that will help you determine whether you are dealing with a fraudster — especially if you’re selling your house in SD. Don’t worry; there are still reputable and honest fast cash home buyers like us: I Buy SD. We buy houses and close deals quickly to avoid hassle on your part. Check out our site today to get a fast, free cash offer.
Below are ways to avoid “We Buy Houses” scams in San Diego county.
Check Their Credibility
Companies can easily broadcast their products and services nowadays, especially on social media platforms and websites. The same applies to cash home buyers. Some will even claim that your house does not need the necessary repairs to be sold at a higher price. They will give you extreme assurances that seem too good to be true. How will you know whether you should trust cash home buyers with the biggest signs or posters on a highway?
This is where your accountability comes in. To avoid scams, you must perform a background check by looking up each company and seeing what they do. Read reviews that testify to their credibility and efficiency as a company. You may also look for their address; were they able to provide a real one? How about their website? Does it contain all the pertinent information about them?
The biggest red flag among cash home buyers is when they do not have the answers to the most straightforward questions thrown at them. Before dealing with a cash home buyer, these are some questions to ask yourself. Do not hesitate to ask them multiple questions. This is the most effective way to confirm whether they are telling the truth. If they’re not giving you the peace of mind you deserve, continue asking your questions or choose a different company.
However, if you are not fond of talking to people and interviewing companies, a quick Google search will do. As long as you can find all the essential information about them, there will be no reason to doubt. If you find little to no information about the company, they probably withhold information or even lie.
Examine the Documents
As you deal with investors or purchasers, make sure that they provide the necessary documentation to back up their legitimacy. Since selling real estate property is supposed to be a contract or an agreement, there should be concrete, legitimate proof of the transaction. This piece of paper signifies good faith for both sides without fraudulent intent. Moreover, this formality is also a way to reassure the seller that the buyer actually has the money to purchase the property on any condition.
It’s true that some investors will have to secure funding for a certain period, but a fraudster will try to hide their financial status as much as they can. They will not provide documentation and will even try to string you along with pretty words and false promises to make you believe they can pay you. On the other hand, a scammer will have all the excuses in the world to avoid paying or documenting anything.
If you’re confused or even a bit suspicious about how a certain buyer operates, let them go immediately and look for better opportunities, such as I Buy SD.
Are They Rushing You?
Before jumping into the sale, a credible and trustworthy buyer will check your property for damages. They will ask for photos and even request an inspection of the property. They will gather all the information they need before even thinking about making an offer. Asking to close the deal immediately without scrutinizing the property is another red flag you should look out for. This is especially true if you think your house is in need of a total revamp before it can get sold.
If the company is trying to force you to sign the papers and sell the house immediately without thinking about it, they are probably one of those “We Buy Houses San Diego” scams you’ve been avoiding. It’s best to cut ties with this kind of company instead of letting them talk you into making rushed decisions you’ll regret sooner or later.
Learn the Home Selling Process
Legitimate cash home buyers and real estate investors generally follow the same format when examining the property. There will be minor differences, but the pattern is quite similar.
The initial phase involves examining your property in person or asking about your property in a detailed manner. Then, they will compare your property with the listings in the local housing market to come up with a fair price based on the condition of your property. However, scammers will try to make you pay for anything and will impose random fees you do not know about. This is when you stop the transaction. Do not fall for their tricks, and remember the process that comes with selling your house.
After a careful examination of your property and its market value, legitimate buyers will give you an offer and provide you with a clear and unequivocal contract. After this, the closing process won’t probably take too long since they are purchasing in cash. Nonetheless, if they are rushing or persuading you to sell without the proper documents and processes, they are most likely scamming you.
Talk to Us
If you want to sell my house fast San Diego and avoid scammers, contact I Buy SD now to get a fast and free cash offer. You can find out what your home is worth right now here. We have been San Diego’s most trusted cash home buyer since 2015, and all of our processes are reliable and legal. Sell your house to us “as is” today!