These days it’s becoming more and more popular to work with a professional home buyer, bypassing the stress and issues associated with the traditional agent-selling route.
But, How Do You Know Which Buyer To Trust?
Luckily, with the wonders of today’s internet, you can do your homework on just about anything or anyone! Check with credible rating sources to see what others have said, see if they are active on social media, and what their website looks like? Below we discuss some of the clear signs that you’ve found a reputable home buyer in Miami.
Great home buyers will offer you a quick closing upfront, sometimes as fast as 2 business days. They will offer to pay for your property in 100% CASH and sometimes use other payment types to suit the situation. Plus, great home buyers will typically never renegotiate unless extraneous situations arise or hidden facts are uncovered.
On the other hand, bad home buyers are difficult to get a hold of. Unreliable home buyers may promise you a quick closing but then end up making excuses to delay the sale because they don’t have the cash at hand. Plus, they may readjust the price multiple times when they realize they don’t have the funds available.
A great home buyer will have a lot of reviews, mostly positive. Understandably, we all know that things happen, and sometimes people make mistakes, so there may be some negative reviews. But, as long as there are plenty of positive reviews, don’t let this put you off too quickly.
First, try to find out if the home buyer has responded to the reviews. If they did, how did they handle the situation? Do you agree with how they handled it? If you were the seller in that situation, would you have been settled? Also, don’t be afraid to ask around. Have your family or friends ever heard of this buyer?
Have you ever spoken to someone in a customer service position either face-to-face or over the phone that just seemed absolutely miserable? And even though you tried to make polite small talk, they seemed like they didn’t care at all about you or the job? If you ever get this vibe (for no justifiable reason) from anyone working in real estate, whether as a home buyer or even as a real estate agent, steer clear!
Great home buyers should have a positive attitude about real estate and follow through on their promises. If you ask them to call you back at a certain time, they will do so consistently. They will talk a good game, and back it up too! Bad home buyers will amp you up and disappoint.
References are an important part of any business. A great home buyer will have multiple references you can call to see how they do business, and they shouldn’t hesitate to answer any of your questions. If they do, then this may be a sign that you’ve called up a bad home buyer.
Take a good look at their website.
Does it list reviews? Are they situation-specific, really general, or sound too good to be true to be a real review? Do they have a presence on social media or other rating websites? What are their followers saying in their comments? Do they have public reviews to read?
All of this information and more will show you quite quickly whether or not you’ve found a legitamate and trustyworthy home buyer to work with.
A great home buyer will provide a deposit and be able to commit to a quick closing date that works around your schedule, anywhere from 2 to 30 days. They will not try to rush you out of the home and stay in contact with the title company.
A bad home buyer may try to extend the closing date multiple times, or ignore the closing date altogether and may have never submitted their deposit according to the contract. If the buyer is using financing, there will be very few items listed on the commitment letter. Bad home buyers will have multiple issues listed on their commitment, possibly questioning sources of funds and a sudden drop in credit score.