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Things to Watch Out For When Selling Your Home For Cash If you are hoping to sell your home, you probably have thought about selling it to a group or company offering you cold cash for it. There really is no blaming you since the current trend of selling homes for cash is quickly gaining ground due to its notable and unique benefits. And probably the best thing about this option is that aside from the fact that you no longer will have to wait for so long to go through the usual process, there also are many investors and companies willing to pay for your property with a fair deal. On the other hand, there also are risks involved when you’re selling your house to a cash buyer, which means that you must take extra caution when doing so. You know for a fact that in taking this direction, there are a lot of conveniences involved because there’s a chance you’d be able to skip the usual processes like negotiations with realtors and home inspections. But there too are things you should steer clear from. 1 – The buyer does not seem to care to see and inspect the property.
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This is simply the most obvious warning sign that you may be dealing with a bogus buyer. Why in the world will one person or group or company purchase your home for cash and won’t even bother trying to see its current condition? It is better that you immediately cut talks to this type of buyer and just move on to your next potential buyer.
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2 – The only means of communication you have with the buyer is email. This is another warning sign when you’re dealing with prospective cash buyers for your home. Because there’s a lot at stake in any kind of real estate deal, it means the negotiation process should include a personal meeting. Even though you and the would-be buyer met online, it still does not mean you just limit your communication via the internet. Although email is without a doubt the most convenient means to communicate, there really isn’t no way you can verify your buyer’s identity through it. 3 – If in case you are in doubt as to the buyer’s capacity to pay, their source of funds, or the mode of payment, report it directly to the proper authorities. Even though there are obvious risks involved, to sell your property and get cash offers is still something you will want to entertain with open arms since many previous transactions have been successful in the past. But you do have to report to the proper authorities in the event that any payment made by the buyer appears to be suspicious in some way. If you want to ensure you get the best deal in selling your home for cash, you just have to do your homework in figuring out how legitimate your buyer is.