How to detect an illegitimate home buyer

How to detect an illegitimate home buyer

Jan 14, 2019

Many more people are getting into the business of home buying which gives the homeowners a large selection on which offer to take when selling their home. Because of the notion that real-estate investment offers a high-payout, it is essential to be aware of certain buyers that are in it for the wrong reasons or that are basically scams.

Here are 4 signs that help you spot an illegitimate buyer:

  1. They don’t answer your questions with enthusiasm.

    Real buyers won’t hesitate to talk about themselves and they would have a clear answer about their goals with your property. You might encounter such things as question dodging or avoidance.

  2. The offer came in after saying “hello”.

    Some buyers will promise an offer without knowing further details. In a lot of cases, the buyer doesn’t appear to want to know much about the property, the community or anything else the average buyer inquiries about.

  3. They eagerly search to impress you. 

    Some buyers won’t stop talking about their success and impress you by mentioning jargons within the industry that clients usually don’t use. Jargons like CTS (Contract-to-Sell), CTC (Certified True Copy), DP (Down payment) and DOS (Deed of Sale).

  4. Their background is hard to piece together.

    It is common that the buyer is living or travelling out of the country. Their story doesn’t make much sense and a meeting in person proves to be impossible.

When you’ve identified that you want to sell your house quickly. Do some research online and in your local directory to find a reputable business. Go through the steps from our previous article to knowing how to choose the right buyer and offer. It’s always better to work with someone you trust.

How to Sell Your House Fast

Selling your home quickly should always be the primary focus, no matter the degree of motivation you have. The golden rule of any real estate transaction applies here – “the longer your property stays out there on the market, the more it’s value deteriorates”.     

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