While driving down the road, you’re likely to see those signs that claim to buy ‘ugly’ houses, which means they buy any house in any condition. They usually only have a phone number, and you’re probably wary of calling. However, more and more companies advertise things like ‘we buy houses for cash in San Francisco’ now than ever before. It makes good financial sense to many. They know that you want to sell your home quickly and they want to make a quick sale so that they can make repairs and sell it for profit, making it a win-win situation.
However, many people still wonder if these companies are legitimate. It’s important to know that there are scammers out there, so it is essential that you research the company thoroughly before calling or selling to them.
How They Work
Typically, these companies are looking for distressed sellers who need to sell their home quickly and don’t necessarily care if they get the full market price. You may not be one of these sellers, and that is okay. You don’t have to use these companies, but if you want to avoid foreclosure, bankruptcy, or need cash fast and don’t want to wait for traditional realtor’s, you may find that this option is suitable for you.
The company sends a buyer to the home, who estimates its value and provides you with a cash offer. You aren’t obligated to take the offer, but if you do agree, the buyer creates a contract and doesn’t have to involve a real estate agent or deal with commissions.
What to Know
Before utilizing these companies and their services, make sure you research them. Visit their website to learn about their process, read testimonials, and more. You may also want to check the Better Business Bureau, but note that no company is required to be reviewed by the BBB.