However, cash offers also come with an increased risk of scams. So, how can you be sure which offers are legitimate and which are scams?
In this post, our realtors at Your Home Sold Guaranteed Realty - Vinny Steo will share some tips to help you identify potential scams.
1. Your Home Isn’t For Sale
If your home isn’t listed for sale and you’re receiving unsolicited calls, letters, or even texts about selling it, they may be scams.
These scams come from people looking to profit off your home, such as real estate investors or home flippers.
They usually say the amount is more than you could get if you listed your home on the market. But in reality, the amount they offer is much lower than your home’s actual market value.
The people behind these cash offers rely on you having no idea what your home is worth. They assume you’ll be impressed by the dollar amount they’re offering and won’t bother confirming with a realtor.
It’s also important to note you can still receive these offers if your home is actually listed for sale.
You’ll need to do homework about your home’s market value to avoid them. It’s also essential to consult with a real estate expert who can advise you on which offers are safe.
2. Your Home is Under Foreclosure
If your home is distressed or under foreclosure, you’ll have to take extra care to avoid cash offer scams.
These offers come from the same types of investors and house flippers. They position themselves as wanting to help you out of your situation.
Instead, they take advantage of you by offering an amount far below your home’s actual value.
No matter your home’s condition or how many repairs it needs, it’s always worth checking with an experienced realtor. That way, you can get the price your home is worth.
Sell Your House for Cash in Baltimore County With Our Real Estate Team
At Your Home Sold Guaranteed Realty - Vinny Steo, we’ve been helping home sellers in the area sell their homes fast and for top dollar. In fact, we offer our own cash offer program for home sellers called the Guaranteed Sale Program.
This program provides a legitimate cash offer upfront and in writing when you hire us as your agents. It guarantees the sale of your home within your desired time frame.
If a buyer doesn’t purchase it, our real estate team will buy it for an agreed-upon price– for cash.
To learn more about working with our team, give us a call at 410-220-0016 or fill out the form below for more information.