Signs that a Cash Home Buyer is Duping You

The advantages of selling your home for cash and more than using a router which makes the former a better option than the latter. Selling a home for cash is a simple process that requires a few legal documents, and you get paid instantly. However, no industry does not have scammers, hence here are signs that a cash home buyer wants to dupe you.

Processing fee or administration fee should never be part of the cash home-buying transaction. You will be asked to pay a lump sum of transaction or administration fee. You should not pay the buyer anything after you get his or her offer because money should come from the buyer to you but not the other way around.

The buyer should check the state of the residence before they show signs of enthusiasm in the transaction but if they are eager to buy the house they have not seen you should take caution. It would be best if you did not spend your time on them because they may make you concentrate more on them and lose serious buyers yet they will not buy the house in the end.

A serious cash home buyer will provide you with earnest money after inspecting the condition of the house, negotiating the price and reaching an agreement with you. The buyer gives you earnest money so that you do not ever sell the house to another person as you wait to complete the transaction when the buyer pays the remaining amount at an agreed-upon date by both of you. You will have to wait for the buyer to look for money from other investors or lenders if the buyer cannot afford to give you earnest money.

You should be cautious when dealing with checks in the transaction. The trick that the scammers use is to send you a check that has excess amount and pressure you to refund the excess amount before you clear the check yet they know that it will bounce and you will be the one to lose.

The buyer should make a physical appearance to close the deal. You may not be able to note the poorly written sections in the documents that you receive on your email before signing them that may create problems for you which the buyer will use in future to steal from you. Look up “how to sell my property as is for cash” online now to know the safest options!

Trust you are intuition when you get a bad feeling about a cash home buyer. Scammers will not stick to old traps for long because they need more new ways of scamming people that people cannot quickly determine that they are being duped. Your intuition will help you to find a trustworthy cash home buyer because it will push you to inquire more about the reputation and other essential facts about the buyer from trusted sources before you close the deal.

Do you know that the authorities can link you to illegal cases of a cash buyer who has illicit means of getting income if you transact with such a person. Do not accept payment or any form of transaction with a cash home buyer who does money laundering, human trafficking, drug trafficking among other illegal activities. Go here to find trusted direct house buyers with cash.

For more on home selling, check out http://www.ehow.com/how_111063_sell-house.html.

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