Navigating the Market: How to Choose a Trustworthy Cash Home Buyer in Southern California
There are countless reasons why someone would want to sell their home without a realtor. There’s the 5% commission that realtors make on the sale of your home, the prospect of having to pay for home repairs before you sell, and the thought of having their home sitting on the market for months before selling.
Cash home buyers take all of these expenses and uncertainties away, allowing you to make a quick sale so you can move on with your life. That being said, there are a lot of scammers out there giving cash buyers a bad name.
In this post, we’re going to tell you how to navigate the market and choose a trustworthy cash home buyer in Southern California. You should never have to worry about someone scamming you out of your home, so keep reading and you’ll be guaranteed to find a reputable investor to work with.
The Rise of California Cash Home Buyers
Cash home buyers are investors that purchase homes directly from homeowners with no middle-man. For the investor, they could be looking to flip the home, develop the land, or rent out the property. For the buyer, it’s an easy way to sell a home without having to make repairs or deal with real estate agents.
The obvious advantage to selling a home for cash is that it’s fast. On average, a home will stay on the market for over a month, plus another 35 days to close, before selling in California. With a cash buyer, you could have money in your hand in a matter of days.
There’s also the convenience factor of selling a home for cash. Many homeowners worry that their house needs too many repairs, which ends up deterring them from selling at all. Cash buyers don’t require homeowners to go through the hassle of fixing up a home just to sell.
More and more cash buyers are entering the market in California, but there are just as many scammers. It’s important to know what to look for in a great cash buyer and how to avoid these scammers at all costs.
An Overview Avoiding Scams
A cash-buying scam will most likely try to get you to sign over the title of your home without giving you money in return. Reputable cash buyers have the capital to buy your home on the spot, while scammers claim to be cash buyers but have no ability to pay for the home.
If they manage to get hold of your deed, they may plan to sell it to another investor. They may also try to get bank information from you, which they’ll then use to steal your money. There are any number of things that a scammer might try in order to take advantage of you.
To avoid these scams, you just have to be careful and do your research. Learn what types of scams are out there and how to recognize them. A legitimate cash buyer will have a website, and customer reviews, and it’ll operate like a normal small business.
Red Flags in Cash Home Buying
So, what are the red flags that you need to keep an eye out for?
The most prevalent one is the cash buyer who lives abroad, offering you a cashier’s check for your home. They may send it, request a refund a few days later, and then a few days after that the initial check will bounce.
Anytime someone is relentlessly cold-calling you about buying your home for cash, it’s a major red flag. A reputable cash buyer might go as far as to put a flyer in your mailbox, but most often, they’re going to let you come to them. Cash buyers in California are now prominent enough that homeowners know to go to them.
Other faux cash buyers will try to prey on an unfortunate situation. If you’re going through foreclosure or probate, or if your house is in disrepair, you’ll get a call from one of these people offering to help.
Essential Questions to Vet Your Cash Home Buyer
If you’re going to vet any cash buyer for homes in California and sell your house fast, you need to know what questions to ask. These will help you spot any scams and find the best possible cash buyer to do business with:
- Can I see immediate proof of funds?
- What are the terms of your offer?
- Do you need a home inspection?
- Will I need to make any repairs?
- Who handles closing and closing costs?
- Do you have reviews or testimonials from previous clients?
- How long does the process take?
How a cash buyer answers these questions will tell you everything you need to know. For instance, good cash buyers will purchase your home as-is, so they shouldn’t need to inspect the home or require you to make any repairs to it. They should easily be able to provide you with proof of funds and the terms of their offer as well.
Reviews from former clients will give you a good indication of how smoothly the process will go. More importantly, they’ll raise any red flags that you may have missed when choosing a cash buyer.
Premier Property Buyers: A Trusted Name in Cash Home Buying
If you’re looking for a cash home buyer in Southern California, there’s only one name you need to know. Premier Property Buyers is focused on helping you find a home-selling solution on your terms. We buy houses in a quick and fair manner with no obligation to accept our offer.
First, fill out our short form and we’ll contact you to arrange a viewing. We’ll send you a no-obligation cash offer that you can take or leave. If you accept, we’ll take care of the entire closing process and closing costs under a timeline that works for you.
Get in touch with us today to sell your home to the best cash buyers in California.