It is normal to feel wary of businesses that break with tradition. However, it is often these types of companies that forge the way ahead to new, innovative methods that eventually become the norm. Cash home buying companies are one example of businesses doing that. These companies are changing the way we sell houses. But how can you know you can trust them?
Cash home buying companies aren’t new. They have been around for decades. Furthermore, these types of businesses have been lauded for their innovative approach to real estate investing by the likes of Forbes and other top business websites. The fact that nearly a third of all homes sold in the United States are now cash sales reflects just how common it is for people to sell to investors, since most regular home buyers don’t have the funds to pay cash for a home.
One trademark of cash home buying companies is that they will purchase homes as-is. In the past, damaged homes that couldn’t sell were simply abandoned and left to drag the surrounding home values down. Today we have businesses that will take these properties, fix them up, and by doing so boost the real estate market throughout the community. Additionally, home buying companies serve the many people who lack the health, funds, or time to sell their home the conventional way.
The businesses you should be suspicious of are the ones asking you to give them your personal information or send you money in an unconventional way. Scammers often pose as legitimate businesses and ask you to wire them money. You can trust cash home buying companies because the cash all flows toward you, rather than away from you. You won’t be asked to send a dime at any point in the process.
You have every right to be cautious about potential scammers. Unfortunately, these dishonest people can lurk in the unlikeliest of places. However, you have no reason to fear cash home buying companies. Everything is above board and honest at these legitimate businesses, and you won’t be asked to pay a penny. As an additional reassurance, closing always takes place at a reputable title company.
At Buy BHM, we are here to help you sell your home without the hassle and expense of a conventional sale. You can find out more about this simple, three step process by clicking here. When it comes to selling your home, you do have choices!