There are many companies and individuals out there who claim to be legitimate we buy houses fast companies who will take your home, in your time of need and help you sell it fast for a good price when they are actually more like we buy houses scams.
There have been many legit we buy houses fast for quite some time now and for investors who are looking to cut corners and make a quick buck, it has been very easy for them to use the credibility of the legit business in this niche and come up with a scam.
That being said, it is important to be aware of this and to not be fooled.
There are franchises and entities that are legally entitled to call themselves we buy houses fast, any we buy houses scams will not have this legal right.
There is countless “cash for homes” and “we buy houses fast scams out there as well as real estate gurus who are self-proclaimed and promise easy cash for little to no work, do not fall prey to this!
“We Buy Houses Fast” scams and “Cash for Homes” Scams
Although the national housing market is on the rebound, there are still many homeowners who find themselves in financial difficulties.
What this causes in countless shady businesses appearing to literally take advantage of these individuals and their situation by offering everything from “government” modification programs, foreclosure counseling, fake loan audits and many times we buy houses fast scams.
How Can I Avoid Falling Prey To These Scams?
If these “companies” are stealing legitimate companies trademarks, which is the coward’s way out. You can spot many of them due to the fact that they will require upfront payments to cover “credit processing” or “application fees.”
This is a major indicator and red flag that the people you are dealing with are people who will simply take your money and run. If they are asking for a payment in cash, then this is even more likely the case.
So what is the best way to avoid this kind of scam?
A reputable and legitimate we buy houses fast company will never ask for money at any point in the transaction.
They will make a profit when they have renovated the home in question and either offer it for rent or sale it.
When dealing with a legitimate company, you are the one who gets paid.
Real Estate Investment Scams
You may be wondering how they can do this; well it all begins with a harmless pitch.
Nowadays most of these will start online, they will offer endless advice on real estate at a low-cost seminar, once their prey arrives at the seminar, and they are hooked.
The small entry fee was simply to get people through the door, now if you want the real, inner secrets, you will have to shell out, even more, money.
Then, for tens of thousands of dollars, you are promised a list of surefire needs.
As you have probably suspected by now, the seminar and of course the leads all turn out to be phony, the worse part, however, is that the moment you signed up for the seminar, you released these scammers of any liability.
In this business these things occur far too often, it is important to remember that if it sounds too good to be true, it most likely is.
The best way to avoid the ‘we buy houses’ scams is to really do you your homework and always be wary of anyone or ant company that asks for payment in cash or an upfront fee.