How to Spot a Home Buying Scam

Selling your home can be a stressful process, especially if you’re looking to do it quickly. If you’re looking into doing a cash deal with a home-buying company, you need to be aware of the risks and know how to spot a scam.  These are the three tell-tale signs that the person or company you’re dealing with is not legitimate. 

No Website 

One of the first things that should raise suspicion is if the company does not have a website. A legitimate business will almost always have an online presence, so if there isn’t one for the company you are considering, it could be a sign that it is not trustworthy. It may also be worth checking out their social media accounts; most businesses will at least maintain an active Facebook page or Twitter account these days. 

No Reviews or Testimonials 

Another key indicator of legitimacy is reviews and testimonials from past customers. Most reputable companies—especially those in the home-buying industry—will have plenty of positive reviews from satisfied customers on their website or other review sites like Yelp or Google Reviews. If there are no customer reviews present, then this should raise red flags and could mean that the company is not trustworthy. 

No In-Person Meetings 

Finally, it is important to make sure that any meetings take place in person; after all, this is an important decision and one that requires face-to-face communication. If someone insists on making deals over email or phone calls only, then this should definitely set off alarm bells. Legitimate companies will understand why meeting in person would be beneficial for both parties and should be willing to accommodate it without hesitation. 

Home buying scams are unfortunately quite common these days and can often cause homeowners to lose out on money they thought was rightfully theirs. By following these simple tips and being aware of the warning signs mentioned above, however, you can help protect yourself from becoming another victim of fraudsters who prey on unsuspecting sellers who want to quickly unload their property for cash. When in doubt about any aspect of your potential sale, always trust your instincts! You know best when it comes to protecting yourself and your hard-earned money!

Selling your home for cash shouldn’t be worrisome, all you need is a credible company. Learn about Simply sold Homes USA and how we’ve been helping homeowners like you sell their homes for cash!

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