In today’s post, we’ll cover how can you avoid scams in the market. Stay away from buyers who are looking to take advantage of your situation.
Selling house fast in Connecticut is an available option, but more often people think of selling fast when they are short on time. When you’re moving, downsizing, or experiencing financial problems, you might not want to list your home on the MLS. You’re looking for an easy solution. This can put you in a vulnerable position. Work with a reputable company that can buy your home for a fair cash price, if that’s what you are looking for. Otherwise, find a consultant who provides an honest review of your situation and guides you accordingly. Here are four ways to point out scams before you do business with them.
An important thing is always to trust your gut. If you feel something is not right, you can still cancel the contract, or at the least, ask questions and verify the credentials before proceeding further.
Company’s Website
It’s a no brainer. An investment company should have an online presence. When millennials search for a company, the first thing they do is a google search. At the least, the company should have a simple website with essential contact information.
Social media presence is not an equivalent of a website. Creating a FB page is free, and anyone can do it. However, building a website requires some thought and financial investment. Serious companies make this investment because they know having a website is an integral part of their marketing efforts.
Online/Video Reviews
Before working with a company, check their reviews on social media pages. Video reviews speak for themselves because that shows the customer was impressed by the company and they went on camera to create a video review.
When reading reviews, it is also essential to note down the name of the customers. You can also contact the company and ask them whether they have done business with people like you and if so, where can you find the customer feedback.
Another important thing is to look for “team reviews.” Teamwork establishes a business. Real estate investing is not a one-person show. Every reputable investor has a professional team of contractors, marketers, agents, property inspectors, attorneys, tax professionals, and so on. They work day in and out with these people. The firm’s general contractor knows the company better than any customer. Reputable companies also receive ‘kudos’ from their team members which you can find on their website.
Fair Cash Price
As a seller, you are looking to sell your home at a reasonable price. Selling your home at the retail price might not be a possibility, but you should be able to get a fair price.
Reputable investment companies don’t send you lowball offers. More than making a profit, they are interested in helping you. They have a process in place. When you contact them, they won’t give you a random offer out of the blue. They will visit your home, and after getting the details, they will give you a cash price offer.
Free Consultation
Professional companies are not just interested in your property. They genuinely want to help you out. Free consultations are available. The company will first understand your situation and will then tell you whether selling a home is in your best interest or not. For example, if you are facing foreclosure, the company will first suggest how you can save your home. They would like you to keep your home; however, if it is too late, then the best option is to sell the house and get rid of the debt. In that case, the company will buy your home.
In the market, you’ll meet both honest people & scammers. The important thing is to identify true professionals and don’t let anyone take advantage of your situation.
For any questions or comments, you can contact us.