As a genuine cash buyer company, here at Cash 4 Keys Home Buyers, we buy houses with our own funds. We’re proud of the work that we do, and the level of service we provide to our customers is unmatched – that’s why we’re passionate about shutting down “we buy houses” scams by unscrupulous companies!
We’ve put together a list of 7 common “we buy houses” scams that you should be aware of if you’re ever looking to sell your Savannah, Georgia house fast. Here’s how you can spot them:
- They aren’t genuine cash house buyers
The first thing you should do as a homeowner looking to sell your Savannah, GA home is confirm whether the firm you are dealing with are actually genuine cash buyers. We buy houses often enough to know just how many so-called cash buyers are middlemen, lead generation companies who will sell your details on to genuine cash buyers, or your run-of-the-mill estate agent looking to sell your house on the open market once they’ve tricked you into signing a contract.
- They provide an inaccurate valuation for your property
Scam “we buy houses” companies will often miscalculate the true value of your property, pushing you to believe that your house is worth less so that they can achieve greater profit margins. Here at [company_name], we buy houses using the most recent and high-end market data and tools to figure out the true value of your Savannah, GA property. We have a strict valuation policy, so we’re always asking for more information to make sure that you’re not losing out when you choose to sell your house to us.
- They reduce their cash offer just before completion
Some firms will overvalue your property, without ever intending to pay you that amount. As the close of the deal nears, the company will then start hounding you with messages to try and get you to agree to a lower price for your property so that they can make more profit. They may say they are lowering the offer because of market value changes or other external factors, but this is a lie. Many “we buy houses” companies will be able to buy your house within two weeks, and it’s incredibly unlikely that any external factors will cause their offer to change in such a short amount of time.
- Hidden Fees
No genuine “we buy houses” company should spring additional fees on you, so if they do then you should think twice about dealing with them. Before paying for or signing anything, make sure to confirm exactly what you’ll be paying.
- False Completion Time
Many “we buy houses” companies will buy your house in 7 days. As cash buyers, this should be simple since they will have cash reserves to buy your house with. If they cannot meet the deadline they set (whether that be 7 days, 14, or more), this is a huge red flag as it is an indication that they do not actually have cash with which to buy your Savannah, GA property! It could be a sign that they are actually trying to sell your home on the open market or sell your details onto real “we buy houses” companies.
- Option Agreements
Check the small print of any contract between you and a buying firm for agreements that would give them the right to sell your house via a third party. This would be phrased as something like: “have the right to assign to a third party.” If you see this, it’s probably best to look for a different “we buy houses” firm.
- Unregulated Rent Back Schemes
Before they are able to offer rent back schemes, a firm must first be regulated by the Financial Conduct Authority (FCA). So, if you’re looking to sell your home but then rent it for an agreed amount of time afterwards, be sure to ask if the firm is FCA regulated. This was put in place as many unethical firms had previously kicked unsuspecting sellers out of their homes after promising that they could stay post-sale.
If you’re looking to sell your property to a legit “we buy houses” company, look no further!
Here at [company], we buy houses in Savannah, Georgia for cash, so there’s no need to worry about finding a buyer on short notice! Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your house for cash… then we and our local partners fix up the property, beautify the neighborhood, and sell it “move-in” ready to a happy new homeowner.
We pay for all of the repairs.
We pay for the closing costs.
We do all of the work, so you don’t have to.
Our goal is to make the whole process no hassle for you, so you can move on with your life and put this house behind you.
Know someone selling in New York? Let us know!