Are Cash Sales in Real Estate Safe?
Looking to sell a house in McDonough, Georgia, or the surrounding area? If you’ve researched the home selling process, you may have heard of cash sales in real estate. A cash offer may sound appealing to many home sellers. But how can you be sure these types of offers are legitimate?
At Your Home Sold Guaranteed Realty – The Joe Cox Home Selling Team, we believe in educating home sellers so they can make informed decisions.
In this post, we’ll break down two things to look for when considering whether to accept a cash offer.
1. Stay Away From Unsolicited Offers
If your home isn’t even for sale but you’re receiving offers to purchase it for cash, you could be dealing with a scammer. Or, at the very least, someone looking to make a profit off your home.
These offers typically come in the form of unsolicited phone calls, text messages, or mailers.
They usually come from real estate investors or flippers looking to buy your home for less than it’s worth to turn it around at a profit later. But they can also come from scam artists looking to take advantage of you.
These scammers are relying on the fact that you don’t know how much your home is worth. They pretend to offer you an amount of cash higher than you could get anywhere else.
But in reality, their offer turns out to be less than you could have earned if you’d listed your home on the market.
Even if your home is for sale, you should still be wary of cash sales in real estate. The best way to protect yourself is to do your homework about the value of your property.
In addition, an expert real estate agent can help you look through offers and decide which ones are worth looking into.
2. Pay Attention to Buyers’ Intentions
Whether you’re dealing with solicited or unsolicited offers, it’s essential to examine the buyer’s intentions.
Some buyers act like they’re doing you a favor with their cash offer and tell you that you couldn’t get another offer better than theirs. This is especially something to look out for if you have a distressed or foreclosed property.
These buyers position themselves as “heroes” willing to jump in and help you. But even though they say they want to help, the reality is they’re taking advantage of you.
The best way to look into potential buyers’ intentions is to work with a professional real estate agent before agreeing to anything.
Work With Us to Handle Cash Sales in Real Estate
Ultimately, the best way to be sure cash sales in real estate are safe is by working with an experienced real estate agency in McDonough, Georgia.
You’ll likely walk away with more money in your pockets when you work with a professional. Expert real estate agents know what your home is worth and truly care about ensuring you get the most profit possible.
At Your Home Sold Guaranteed Realty – The Joe Cox Home Selling Team, client safety and satisfaction are our top priorities. We’ve served McDonough, Georgia, and the surrounding area for years.
During that time, we’ve helped thousands of sellers sell their homes fast and for top dollar.
Just one of the reasons we stand out from other real estate agents in McDonough, Georgia, is that we offer a unique Guaranteed Sale Program.
With this program, your home is guaranteed to sell at a fair price; if not, we’ll buy it for cash ourselves.
To learn more about this program or what it’s like working with our professional real estate team, give us a call at (404) 882-8200 or fill out the form below.