If due to one reason or another you find yourself in a situation where you need to sell your house urgently, the most preferred option would be to use a home buying company. Apart from buying your house for cash, there are other benefits of selling your house to a home buying company, including buying the house quickly and no agency fee is charged. However, all these companies some of them are not genuine, they can end up conning. The factors below can be of great help when choosing a home buying company, hence ensuring you are not scammed.
Having a look at a company’s financial report is very important when choosing a home buying company. From such reports you can proof that a company is in the business of buying homes. If a company does not have financial reports on their websites, you should be a little bit reluctant in dealing with them.
A home buying company will not charge you any fee to cater for any processes in the home buying process. Immediately a company start telling you there are fees should pay, drop them and look for another option.
The third way to know if a company is genuine is by checking their customer testimonials. There are trusted business bureaus that you can check customer reviews and the ratings done on a company, ratings on these sites are based on the quality of services a company provides, customer complaints and many more. Good reviews is a reflection of a company with good services, they can also help you in making a decision on whether to deal with home buying company or look for another alternative.
When signing the contract with the home buying company, it is important to read the contract well and incase there is something that’s not clear ask. For the contract you can involve the lawyer in case you need assistance.
Before entering a deal with the home buying company, ensure the company is not only registered but also licensed. Ensure the company is not using a fake license to carry out its operation. Don’t settle for a company without a physical location, that can be really risky in case anything goes wrong, you cannot be able to locate the owners of the company.
As much as you are planning to sell your house first, always find out the number of years the company has been in business. Always select a company that has been there for several years, for a company to exist for a long period of time it is because they have excellent services.
Lastly, when looking for a home buying company, ask for recommendations from friends and family members who have sold their houses using such a company in the past.