When a homeowner is facing a difficult situation, or they simply want to sell their home fast, they may be attracted by the many “We Buy Houses” companies that can offer a quick cash deal. Unfortunately, some of these companies are not legitimate and can end up taking advantage of homeowners who need to sell their homes quickly. This article will help you identify legit companies that buy houses so you can make an informed decision.
What Are ‘Legit’ Companies That Buy Houses?
Legit companies that buy houses ‘we buy houses’ companies are professional investors who specialize in buying distressed properties and often target homeowners with mortgage payment problems or financial difficulties. They purchase properties as-is and can close in a few weeks, providing an attractive option for sellers who need to move fast. However, these buyers typically pay less than you’d net from a traditional sale, as they must make a profit on their purchase.
While reputable companies like HomeVestors and Handsome Homebuyer operate legally and ethically, others do not. These companies are sometimes referred to as ‘cash for houses’ companies, and they operate in different markets across the country. These companies often purchase properties and resell them at a profit to other investors, and they can charge excessive fees to the homeowners they purchase from.
To avoid being scammed by a ‘cash for houses’ company, you should always look for third-party reviews and testimonials of past sellers. You can also ask the company for a list of seller references so you can contact them directly and ask questions about their experience working with the company.…