Tips to Prevent You from Falling Victim
There is nothing we dislike more than when we witness a homeowner fall victim to a fly by night real estate company who takes advantage of homeowners.
Do you want to know how to stop them? We have put together some red flag warnings for you.
Here are helpful tips to prevent you from falling victim to a buyer that cannot perform adequately on your sale:
Tip: Verify that any reviews/testimonials have first & last names (which are real people) There are a lot of people that fake their own testimonials by just using a first name or first initial and last name. Google/Bing/Yahoo reviews, Facebook, and Better Business Bureau reviews are better reviews as they are a lot harder to fake. Verify our reviews here:
Better Business Bureau Reviews
Tip: It’s very common for buyers to release earnest money to the seller once clean title is established. Ask your buyer if they are willing to release this money to you ahead of the actual closing date. Anyone who is serious about closing on your sale will not have an issue doing this. If they shy away from doing this please be Leary of their intentions.
Tip: What about Better Business Bureau accredited? Working with those buyers that are CCB and BBB accredited means that they are governed by these state agencies and they must keep in good standings- this means your working with a legitimate business. The more accreditations, the more legitimate they are.
Please DO NOT SIGN A CONTRACT with anyone until you feel 110% comfortable & have done your research on your potential buyer. Make sure they can perform. PDX Renovations gets calls all the time from people who have signed contracts with other buyers that cannot perform. Many sellers that are in this position will lose a lot of valuable time, lose proceeds, feel frustrated, and will normally lead to the deal falling through. If you find yourself in this position reach out to us and we will be happy to evaluate your contract and see if we can assist you in forcing the buyer to perform. We are happy to assist with this all the time and it’s 100% free of charge and there is no obligation to you, the seller.