COMMUNITY RESOURCES AND SERVICES
Home Downsizing Solutions Launches Consumer Protection Information Helping Senior Home Sellers Weed Out Fake Cash Home Buyers
easy it is to get involved in real estate with the practice of “wholesaling,” and you have a dangerous situation Even with a red-hot real estate mar- for home sellers that want to sell their ket for home sellers, there is still a house in a non-traditional manner. need and want by some home sellers Identifying a legitimate cash home to sell their house quickly to a direct buying company can be a challenge cash home buyer. for individuals that don’t typically Maybe the work in the real house needs estate market. repairs or updates But there are a that the homefew questions to owner just doesn’t ask home buying want or have the companies to help resources to do. ensure they are Maybe the ben“real.” efits that a cash One, ask if they home buyer proare actually going vides are of value to the home seller, to look at your house. Some of these and the homeowner just doesn’t want companies will want to just make you to sell their house in a traditional an offer based on pictures they ask manner and list it on the market. you to send them. You will typically But as some home sellers are diswant a company to actually come and covering, finding a “real” cash home inspect your house to provide you buying company can be a challenge. with an offer. Unfortunately, with the current real Two, ask for a reference of a local estate market, combined with today’s title company. You will want to call technology, the “barrier of entry” the local title company to confirm for someone to say they are a “cash that this company actually does buy home buyer” is VERY low. houses and not just “flip” or sell the Today, someone is able to easily contract to another company. create a web site, put an ad online, Three, ask how fast they can close and make it look like they are a home and buy the house. A real cash home buying company. buying company can close as soon Then add the ballooning “creative as the title company checks title and real estate” industry of the self-proprepares closing paperwork, typically claimed gurus (even calling their Continued on page 100 groups cartels) teaching others how
70 KANSAS CITY METRO AREA – 2022 EDITION
COMMUNITY RESOURCES AND SERVICES
COMMUNITY RESOURCES AND SERVICES
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