Here are some tips on avoiding 'we buy any house' scams

 

Selling a home is a tedious and frustrating task. It's not surprising that sellers are open to selling webuyanyhome companies. There are many promising completions within seven days.

There are many scams and fraudsters among legitimate house-buying firms. It is important to be aware of what you should do if you decide to sell.

 

Tips on how to avoid the 'we buy any home' scam:

 

How does the 'we purchase any house' company work?

 

Many 'we purchase any house' companies are available in the UK. Many will promise to purchase your property in cash and a speedy sales process. The cash offered by these companies will usually not exceed 85% of the true value of your home, and sometimes even lower.

 

Are the "we buy houses" companies legitimate?

 

There are many legitimate 'we purchase any house' companies within the UK.

There will also be many fraudsters and scammers alongside genuine operators. This is the standard procedure that a legitimate "we buy houses" company should follow:

 

* They'll offer cash for your house once you get in touch

 

* The company will handle the remainder of the transaction administration for you if you accept the offer.

 

* Your legal fees should be covered by the company

 

* The completion date will be agreed upon by both parties. It shouldn't take more than one month.

 

* The sale will proceed on the date of completion.

 

Scams involving 'we'll buy any house'

 

Scammers who claim to "We Buy Any House" use many techniques to deceive unsuspecting homeowners.

 

These are the types of scams that you need to be aware of:

 

1. Lead generation scams

 

Data is big business. Many 'we purchase any house' companies don't really exist. These are lead generation companies that use websites or landing pages to get you to sign-up for more information and then sell your data.

 

2. False valuations

 

Many bogus "We Buy Any House" companies use their own valuers to intentionally lower the property's value so that they can pay less. Companies that offer 'we purchase any house' will use a Royal Institute of Chartered Surveyors valuation or at least three estate agents in order to accurately value your home.

 

3. Hidden fees

 

Scammers who claim to "we buy any house" make their money by adding hidden fees to the sale of your property. These fees are often not disclosed until the day of completion, and it is usually too late to make any changes. Most companies that are legitimate won't charge any fees or cover your legal expenses.


 

 

4. Last-minute price cuts

 

The scam company will offer you a reduced price for your home on completion day. This is despite the fact that they know you won't be able to resist the sudden change. Companies that offer to buy any house will put their offer in writing before the process begins.

 

5. Lock-ins and 'Option' Agreements

 

Many fraudulent "we buy any home" companies will try and lock you into an agreement that makes it impossible to sell your property to another person if you change your mind. Other clauses allow the company to sell your home through third parties, or to use assisted sales or lease options. These are not guaranteed sales and may result in additional fees.

 

How to avoid the 'We Buy Houses' scam

 

There are many steps you can take in order to avoid the 'we buy any home' scam:

 

v If a company is not working, you should walk away.

 

v Requests any money upfront

 

v Requires payment

 

v Requests that you sign an option or lock-in agreement

 

v Claim to purchase your property for 95%-100% of its market value

 

Related Search:-What are the advantages of property cash buyers?
 

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