How to Spot “We Buy Houses” Scams: Don’t Get Fooled

Deciding to sell your house in Philadelphia is not an easy decision. Between choosing to rent or sell to picking a real estate agent or opting for a cash for homes real investment company there are so many options to weigh. Once you’ve made the choice to sell your home for cash you want to make sure you select a reputable company who has your best interests in mind and avoid a scam at all costs. GrassRoots Financial provides an in-depth guide on how to spot and avoid “We Buy Houses” scams to protect yourself, your home and your assets.

4 Tips to Avoid “We Buy Houses” Scams

Research: The first thing you’ll want to check is if they are actually a legitimate business. Besides a website or business cards, research their phone number, physical address, reviews or complaints and if they’re listed in the Better Business Bureau website. The next step would be to ask if you can come to their office location for an in-person appointment. Once all these check out, you’re one step closer to avoiding a “cash for homes” scam.

Over Eager Behavior: An honest, reputable real estate investor will want to do their own due diligence before making you a cash offer for your home. Their research includes a consultation, a tour of your home, neighborhood research and several other factors before a fair offer is presented. Avoid any investment company that is quick to present you money without getting to know your situation or even seeing your home!

Fully Understand the Transaction Process: The easiest way to avoid “we buy houses” scams is if you, as the seller, have a clear understanding of the transaction process. If the company asks you to pay any type of administration, processing or market risk fee this is a huge red flag and you should avoid them at all costs.

Don’t Sign Until Closing is Final: The proper process of the Cash for Homes buying process is: Cash Offer, Money in Hand and Sign the Deed. Never sign the deed of your home over to a real estate investor until the money is in your hand. Any request to change the order of the process is a red flag and this company must be avoided.

Trust our Philadelphia Real Estate Investment Company

GrassRoots Financial is a local “cash for homes” investment company based out of Philadelphia, PA. Our goal is to provide financial solutions for struggling homeowners who are looking to achieve financial freedom or get out of their current mortgage fast. Review our We Buy Houses Process or call 215-728-9944 for questions or to get the process started.