Cash Home Buying Companies: Too Good to be True?

It is normal to have your suspicions about primarily web-based companies, especially when they sound too good to be true. There are a lot of scammers out there, searching for their next naive victim to cheat them out of their money. And let’s face it, selling your house as-is for a fair market price in just a few short weeks sounds a bit like a pipe dream. But is it too good to be true? 

A Legitimate Business

Cash home buying companies, also called iBuyers, are legitimate businesses that have helped people out of sticky situations for decades. In fact, this business model has been highlighted by Forbes Advisor as a way to “simplify the entire process and avoid overlapping housing costs.” As Forbes points out, selling to a home buying company could be worth it if you want to sell quickly, privately, and without the hassle of a traditional sale. 

Signs of a Scam

To protect yourself from scammers, it is important to learn how to recognize a scam when they do pop up. Whenever you are asked to send money in advance for a service, be wary. Also, watch out for requests to send money via bank transfer, cashier’s check, or money order. Another red flag is being overpaid by check and then asked to pay out the difference. The Federal Trade Commission has a website called Onguard Online, where you can learn more about the latest scams. 

How You Can Know You Are Safe

You can know that a home buying company is safe in several important ways. First, you won’t have to pay a penny. Companies like PrimeBuyers will never ask you to send them money, for any reason. Second, you won’t ever be asked for your personal information. Third, a representative will meet you face-to-face for a quick inspection of the property. Fourth, closing takes place at a reputable title company near you. If you still have concerns, you can look online for reviews. 

The bottom line is, home buying companies are most definitely legitimate businesses that can save you both time and money. They have been performing an important service all over the country for decades. PrimeBuyers offers valuable knowledge of your local real estate market, years of experience, and excellent customer service. 

When it comes to selling your home, you do have options. It never hurts to look into alternative approaches. Click here to get your cash offer from PrimeBuyers today!

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