When someone offers to buy your home at a good price, it can be tempting to move forward. While there are many honest, ethical home buying companies in Las Vegas, there are also some bad seeds. Fortunately, there are ways to tell the difference between someone who is making a fair cash offer and someone who is just playing you.
Let’s look at some of the most common tricks shady cash buyers use to scam people out of their homes. In the meantime, be sure to check out We Buy Any Vegas House. We are an experienced home buying company in Las Vegas that has excellent reviews and testimonials. We’ve also been featured in the Las Vegas Review-Journal, HGTV, Fox 5 and others.
Common Home Buying Scams to Be Aware Of
Here are some of the general warning signs to be aware of when selling your home to a cash buyer.
- Asking for administrative or processing fees upfront. You should never have to pay any fees upfront to sell your home to a cash buyer. Application or processing fees might sound legit, but we can assure you that they are not. We Buy Any Vegas House charges ZERO fees to use our services.
- Sending the wrong amount of money. Sometimes, unethical home buyers will send the wrong amount of money for the home. They overpay by several thousand dollars and then ask you to send the difference back. When you do, you’re out this money and the home is still in your possession.
- Unable to provide references. Experienced home buying companies have plenty of reviews and testimonials. For instance, We Buy Any Vegas House has testimonials posted on our website as well as reviews on Google and Yelp. If you can’t find any reliable references, this is a major red flag.
- Doesn’t have a real estate license or other certification. When someone is serious about buying your home, they approach things professionally. Trusted cash buyers communicate well and also have a real estate license or certification. At We Buy Any Vegas House, owner Casey Ryan is a licensed agent in Nevada.
Signs You’ve Found a Great Home Buying Company in Las Vegas
Even if your home is in rough shape, it’s still worth something. So don’t sell yourself short and end up working with a dishonest person who scams you out of your home and/or money.
Legitimate cash investors will communicate professionally, ask to see your home and provide you with a fair cash offer. They’ll never charge you any fees and are happy to provide you with references that you can verify. Plus, they usually cover all closing costs and handle most of the closing paperwork.
To get your free, no obligation cash offer from We Buy Any Vegas House, contact us today. We love meeting new customers and helping them with their real estate challenges.