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The Key Elements of Great Homes

March 22nd, 2017 / / categories: Real Estate /

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. Well, there’s no blaming you because more and more property owners these days are leaning towards selling their homes for cash because there are several benefits that come with it. 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. But then again, you still have to be careful when dealing with anyone who intends to buy your house with cold cash. 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. On the other hand, there are also several things you need to be cautious of. 1 – The potential buyer does not bother seeing and inspecting the property.
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This one is the clearest sign that you’re talking to 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 communication you have with the potential direct buyer is email. This is another telltale sign of a bogus buyer who presents himself as someone who wants to buy your property for cash. Since the money involved in any real estate deal is quite substantial, you can’t afford to talk to a buyer who refuses to meet personally. Even if you met the buyer online, it doesn’t mean your communication is limited online. 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 several risks involved in this transaction, you have to welcome the ideal to sell your property and get cash offers with open arms because there already have been countless transactions in the past that became successful. Nonetheless, you are still duty bound to report any inconsistencies or suspicion of an illegal transaction or payment made during your sale. In order to make sure you’re in for a legitimate sale of your home and get cash in return, you should put in the effort to do your homework in learning the identity of your buyer.

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