“I need to sell my house in Ohio fast“… so, you do a Google search for “OH House buyers” and you will find a ton of companies, eager to buy your house in OH with “our own cash“. But this is not limited to the internet, of course. Driving around your neighborhood, you are bound to see (illegal) bandit signs in bright colors. Often times they say things like “We Buy Houses!” or “Cash For Your House“. What is this all about? Is this really legitimate? Who buys houses in cash, for Pete’s sake? Is this just all hype, or even worse, a scam? How do I decide which “we buy houses” company to choose to buy my house? How does it even work?!
I assure you there are plenty of real legitimate companies that buy houses in cash. However, not all are ethical or realistic with their promises to you. While not all “We Buy Houses” companies are scams, most will promise you unrealistic results to lure you into doing business with them.
Here are a few of the things to be aware of when deciding which “we buy houses” company you want to work with:
Yes, you can theoretically close on a house in about 7 to 8 days. All you need is a clear title. A title search would be needed and is basically a background search on a house to make sure there are no liens (money owed) against the property, no taxes owed and that the owners are fully and completely identified (think trying to sell your neighbors house without him knowing). A title search, in reality, usually takes about 10 days to complete if there are no complicated issues to resolve with the title. Then scheduling needs to take place, money needs to be wired to escrow, and the earnest deposit checks need to be collected and cashed. 7 days simply does not cut it.
Don’t believe us? If anyone promises you a closing under 7 days, let them sign a contract stipulating that each day past the 7 days promised, they owe you 500 dollars on top of their offer. Let’s see what happens!
Be wary if a cash buyer attempts to get you to sign the deed (ownership) of your property over to them at your house, rather than a closing attorney or title company. Most reputable house buying services will perform the actual closing of the sale at a neutral, 3rd party place… like a title company. This ensures everything is done right and on the up and up.
If a buyer pressures you to make a decision on the spot, just walk away. We actually encourage our sellers to consult a real estate agent to see how much they would get for their house here in OH if they list it with an agent. Then take our cash offer and evaluate what the better choice is for them.
There is indeed some motivation to not take too long as markets can change quite suddenly, but you deserve to be able to take the offer and think on it for a week or so. We buy multiple houses a month and when we make you an offer we’re assuring you that the cash to purchase your house is ready and we’ll reserve that cash for several days so if you do want to sell your house, we can close on your schedule. If you feel the offer isn’t a fit for you, then we’ll assign those funds to help another seller with their home sale. No pressure at all!
OK so if these are the signs for questionable ” cash house buyers” how do I identify which ones are the good ones?
Great question. I’m glad you asked!
The legitimate house buyers are very easy to spot. Firstly, when you browse through their site you get a good vibe from it. You simply feel like they are real.
Proof doesn’t always have to be so official. A simple “Before & After” picture of the renovation is proof enough. Oftentimes cash buyers buy houses fast so that they can start fixing them up as soon as possible, to either to put a renter in it, or to make a profit selling the house after it has been fixed. Either way, often a renovation is involved.
It is extremely easy to ensure you are dealing with reputable local cash buyers. Just talk to them, ask them questions, and more than the answers given, get a feel on how they treat you. Follow your gut, that is the best indication you have. You will know very quickly when you are dealing with a house buying scam. So when you’re looking at one of the “we buy houses in OH companies“… never be afraid to ask questions!
We Buy Houses in Ohio is a company that purchases, renovates and then sells houses at a profit. Offers are made to sellers based on market value and repairs needed. We Buy Houses In Ohio, will do everything possible to bring to the seller our highest and best offer thus allowing the seller the greatest benefit from a rapid cash home sale.
CONTACT:
We Buy Houses In Ohio
(330) 510-1103
[email protected]
