Their Website is Outdated
This might seem minor, but it’s not. A company’s ability to maintain a well-built website that’s easy for customers to navigate is important, because it says a lot about how much time and resources they spend on potential customers. If a company’s website is outdated, cluttered, or hard to navigate, that’s a red flag that your process working with them will be similar.
Instead, Look for: a User-Friendly Site
Our rule of thumb is that, on every page of a company’s website, you should have a way to contact them. This shows not only that a company has put a lot of thought into your experience, but that they consider communicating with you to be a top priority.
They’re Vague and Unresponsive
When you reach out to a potential cash buyer for your home, consider any of these things to be a major red flag:
- They take longer than one business day to get back to you. If they’re not working hard to communicate with you at the very beginning, they won’t work any harder over the course of your sale.
- They don’t describe their qualifications. A company should be able to tell you exactly how they come up with price quotes, what their experience and expertise is, and what you can expect out of working with them. If they don’t do this, know that you can and should find someone who will.
- They’re vague about the final cost to you. When you sell your house for cash, you should not be expected to pay for anything – not closing costs, not commissions, not repairs. If a company cannot guarantee a free process for you from beginning to end, consider it a major red flag.
Instead, Look for: a Buyer Who Clearly Outlines Their Process
When you’re looking for a reliable buyer, go with someone who is transparent about their process and how it works from the very beginning. For example: at PlacePitch, we have an easy three-step process to buy homes for cash. We outline each step of that process on our website so that homeowners can know exactly what to expect. Look for a buyer who has put thought and work into making the process as easy as possible for you to understand and navigate.
They’re Sketchy About Costs
We’ve said this before, but it’s so important that we’ll say it again: a cash buyer should not expect you, the homeowner, to cover any closing costs, commission fees, or repair expenses. If you’re thinking about working with a cash buyer and they’re vague about what costs you will be responsible for at closing, we highly recommend not working with them.
Instead, Look For: Someone Who Guarantees No Fees for You
Make sure that the buyer you go with is someone who clearly states that you will not be responsible for any costs, fees, or commissions during your home sale. A cash buyer should purchase your home as-is: no repairs, no remodeling, and no upgrades are required from you. When you sell your home for cash, the price quote you get should be the payment you receive. Work with a buyer who can guarantee that.
In order to sell your home quickly, it’s important to work with a cash buyer who prioritizes integrity, transparency, and true market knowledge. Look out for the red flags (and the green flags!) above in order to find a reliable buyer who you can trust. If you’d like to get started with your home search, don’t hesitate to reach out to us to request your quote.
