Selling your home to a home buying company is the best decision that you can make if you are looking for a fast way to sell the home. However, you will need to identify the best home buying company to avoid real estate investment fraud. The good thing is that you can smell a fraudulent company from a distance. Here are some of the signs that will help you identify a fraudulent home buying company.
Five things that a fraudulent home buying company will do
Force you to make some decisions
A pushy home buying company is not your ideal company. This is a sign that you might be dealing with a fraudulent home buying company. A good company will give you an offer and let you decide whether the offer fits you or not. However, a fraudulent home buyer will try to push the deal fast so that you cannot detect their fraudulence.
Goes against their advice to please you
A fraudulent home buying company will want to keep you at all cost. One of the best signs to detect such a company is when they go against their advice just to please you. In the process of negotiating, they may advise you on a certain thing just for them to go against it when they realize that you are not comfortable with it. A good company will always stick to its principles.
Very low transaction numbers
In the process of dealing with a home buying company, you may want to inquire their record of accomplishments. If you find a company closed less than four deals in a year, then you should be weary of such a company. Not unless it is a company, it should have more deals in a year as a sign of showing clients’ confidence in their work.
A fraudulent home buying company displays poor communication with a home seller. Such a company will never communicate in a clear manner. Communication includes the documents about the sale. There will always be ambiguities on their documents. Such ambiguities are meant to protect them after they con you. Therefore, you should only deal with a company that has clear communication and puts everything in light.
A fraudulent company will not only exhibit poor communication but also lack transparency. Such a company will never show you all the details of the sale agreement. If you suspect that a home buying company is hiding something, you should ditch it for a more transparent company.…