How to Choose A House Buyer & Avoid Getting Scammed

One place to find a house buyer is on the internet. A quick search brings up hundreds of companies, all competing with each other to purchase your property. A few of these claim to buy your home for up to 90% more than their rivals will pay.

Unfortunately, this isn’t likely to happen. Quite simply, it’s a marketing ploy used in the hope of attracting more business. However, in reality the final offer will be more or less the same as any other house buyer will give.

The vast majority of people who sell their home to a house buyer will receive 75-80% of the market value. Choose a house buyer who is honest about this from the outset and doesn’t use wild advertising claims that cannot be met. Dealing with a reputable company you can trust is important, even more so for sellers wishing to carry on the relationship by renting back their home. No one wants a landlord they have no confidence in!

In fairness, most house buyers are genuine and reliable. However, do watch out for the few who aren’t. To avoid being ripped off when selling your home to a house buyer, there are several points you should be aware of.

Avoid any house buyer who wishes to charge you a valuation fee to call out and look at your home. Some non ethical buyers ask as much as $500 for this service. Instead, choose a We Buy Houses Pittsburgh-PA company who will give you a free no-obligation fair cash offer. There are plenty of reputable buyers out there who will be more than happy to help you if you been searching, Sell My House Pittsburgh-PA.
-Save yourself some extra cash by choosing a house buyer who will pay any legal fees due on the sale of your home. Most will offer up to $500 in legal expenses which is usually enough to cover all costs incurred.
-When you sell your home to a cash home buyer, they should pay all the fees and closing costs.

Be careful of misleading advertising when choosing a house buyer. It’s a very competitive business with many companies vying for your trade, so some try to get ahead by making claims that aren’t strictly true. Avoid disappointment by not getting your hopes up on some of the more ambiguous offers around.

There are several advertising claims, which seem to arise repeatedly, seemingly offering a better deal than their competitors and sounding much too good to be true.

“We Guarantee to Buy Your Home!”

A popular advertising claim this one but misleading all the same. What they haven’t said is just how much they are willing to pay for it. I would guarantee to buy your home too, if you allow me to give you a few hundred pounds for it!

We Offer up to $5000 more than Our Competitors!”

The actual figure they are offering may vary but claims of offering more than their competitors are simply untrue. No reputable house buyer will make an offer such as this, particularly when they haven’t even seen your home. This is just another marketing ploy designed to attract your attention in the hope you will choose them rather than their rivals. Don’t build your hopes up on claims such as these.

“Sell Your Home in 24 Hours!”

This is yet another misleading statement. The house buyer may agree to buy your home in as little time as this but it will take much longer before the sale is complete. A general rule of thumb is to allow up to 28 days before all paperwork is finalised although sometimes it may be possible to complete in as little as 7 days. A fully finalised sale in 24 hours is practically impossible and could only happen under very special circumstances.

“We’ll Give You up to 90% of Market Value”

Again, another claim to be wary of. A reputable house buyer will be well aware of how difficult it would be to make any profit on a deal such as this so you’re unlikely to find one who will, in reality offer you this figure. Bear in mind the most you’re likely to be offered is 75-85% and you won’t be disappointed when wild claims don’t come true.

Most reliable and trustworthy we buy houses Pittsburgh-PA house buyers will give you a very similar price for your home. Ignore advertising tricks of the trade such as the ones outlined above - they’re just simply advertising ploys and very unlikely to come to fruition. If it seems too good to be true, it usually is!