What is the you need to sell quickly (e.g., foreclosure, inheritance, major repairs)?
Companies that advertise "We Buy Houses" provide a fast way to sell property for cash. While they offer a legitimate service for homeowners in distress, the industry is frequently associated with specific complaints and predatory tactics. 🚩 Common Complaints and Issues we buy houses complaints
Unscrupulous investors may file a memorandum of contract at the courthouse, preventing you from selling to anyone else until they are paid off. ⚖️ Pros vs. Cons of Cash Buyers Cash Buyer/Investor Traditional Market (MLS) Speed Can close in 7–14 days. Usually takes 30–60+ days. Condition Sold "As-Is"; no repairs needed. Repairs often required for financing. Cost No commissions; buyer pays closing. 5–6% commission + closing costs. Sale Price Significantly below market value. Potential for full market value. Certainty High (no mortgage contingencies). Moderate (deals often fall through). 🛡️ How to Avoid Scams and Predatory Deals What is the you need to sell quickly (e
If the contract says "and/or assigns," they are likely a wholesaler looking to flip your contract, not the actual buyer. 🚩 Common Complaints and Issues Unscrupulous investors may
Look for Better Business Bureau (BBB) ratings and Google reviews.
Ask a Realtor to find a buyer without putting the home on the public market, which can sometimes be faster and more private.
Some investors will pay for the repairs themselves and split the increased profit with you after selling to a retail buyer.