The Risks of Selling to Amateur Home Investors
Life can take numerous turns. It’s an adventure in every sense of the word. As a homeowner, you may never know when you need to sell your home fast. Many times, homeowners turn to real estate investment companies to ensure a quick sale. You likely see the signs by the side of the road on the way to work each day. Unfortunately, far too many of there companies are amateurs or outright scams. They do not know the intricacies of the housing market. You’re better off waiting to find the right investor, even if it means slowing down the sales process for a bit.
Risks Associated with Amateur Home Investors
When looking for real estate investors to sell your property to, you’ll find it is relatively easy to separate the newcomers from the more experienced professionals. Be careful not to fall into the following traps:
- Communication – An amateur home investor is likely still working on their communication and pitch skills. If you’re dealing with an amateur or scam, they’ll repeat their offer multiple times, hoping to barrage you with information that sounds enticing.
- Empty Promises – In the same vein, these “investors” will promise you the world. They will vow to give you more money, even higher than market value, for your property. It sounds too good to be true because it is.
- Rent Payments – If you are selling your home in a short sale or due to foreclosure, avoid any investor who will allow you to continue living there while paying rent. It’s a common scam that leads to you paying more money over a long period.
- Reviews – An amateur investor is likely to have few, if any, online reviews to their name. Be sure to perform adequate research before deciding on anyone.
When the time has come to sell your home, look to We Buy Houses Tacoma. We are a well-established, professional real estate investment company looking to help homeowners in the area. Give us a call at 253-271-5151!