12/18/2023 0 Comments Keep it gypsy wholesale phone number![]() ![]() If you want to sell your home for cash, don’t respond to an ad on a telephone pole. Even if the deal goes through, the final sale price may be much less than the original buyer promised. But it can take months for this to happen, and in the meantime, you can’t sell the house to anyone else. In most cases, this deal falls apart and you end up with nothing. Then they turn around and try to sell that contract to someone else - for a fee, of course. Instead, they get you to sign a contract promising to sell to them. ![]() Some so-called buyers offer a higher price - but they don’t plan to pay it themselves. Often, it’s as little as half of what you’d get selling through a legitimate real estate agent. Then they make an offer that’s a bit above that amount, but much less than your house is worth. Here’s how these shady cash buyers typically work.įirst, they find out how much you owe on your mortgage. However, they’re generally not a good way to get what your home is worth. Have you ever seen a flier tacked to a telephone pole declaring, “We buy houses” or “We buy ugly houses”? Or, if you’re a homeowner, received a postcard from a company offering to buy your house for cash in just days? Here’s how some of the most common real estate scams work. And they can reach out to you through advertising, email, or phone calls.Īll these scams have one thing in common: using a real estate transaction as a way to get at your money. They can target buyers, sellers, owners, and renters. Con artists can pose as homebuyers, real estate agents, home inspectors, lenders, or landlords. Real Estate Scams and Fake Home Buying Frauds to Watch Out For ![]() And that’s why everyone needs to be aware of these scams and how to protect yourself from them. Even renters aren’t immune.īasically, anyone who has a home or is looking for a home - or any other kind of property - can be a target of a real estate scam. Owners or buyers of commercial property can also be targets. Real estate scams can also target homeowners hoping to sell their homes or refinance their home loans. Scammers are lurking everywhere, eager to con you at every stage of the process, from mortgage application to home inspection.Īnd it’s not just homebuyers who are at risk. If you’re preparing to buy your first home, watch out. ![]()
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