7 Common Misconceptions About Cash Home Buyers

You may have noticed those signs that are popping up around the North East saying “sell your house fast for cash” and asked yourself “is this legitimate?” or “can I trust these companies?”. Cash home buyers have a bad reputation because there are many out there with less than desirable or even outright shady business practices, but not all of them are. The trick is knowing what to look for and doing your research, which is pretty much the same situation as how you should choose an estate agent. There are reputable home buyers out there, so we’ll be debunking 7 myths surrounding “sell your house fast” companies.

Here are the 7 common misconceptions about ‘Sell Your House Fast’ companies

Myth #1: Buy for Cash Companies Take Advantage of You

It is quite common for people to assume that a cash for your home company will take advantage of your current situation. But if you do your research and choose a reputable, local company like North East House Buyers, this isn’t always the case. Businesses like ours want to help you walk away from your house, hassle-free. By selling your house to a buy for cash company you’re able to bypass the stress and hassle that comes along with preparing your house for sale, listing it and choosing an agent to work with.

Myth #2: It’s a Scam!

You’ll hear from other people that cash home buyers are con artists that are trying to get one over on you, and whilst some can be, this isn’t always the case. When you decide to sell your home to a trusted company, you’ll come away with additional cash in your pocket without the additional costs like legal fees and estate agent commissions.

Myth #3: You Will Be Ripped Off if You Sell Your House for Cash

Whilst ‘sell your house fast’ companies will not give you full market value when you sell your home, they can still be beneficial to you. You don’t have to deal with any of the prep work involved to sell a home such as repairs, cleaning and inspections.

Myth #4: All Buy for Cash Companies Are The Same

Just like apples, not all buy for cash companies are the same. It is important to do your research, looking at reviews and testimonials can be a great way to help you decide who to work with. Some good questions to ask are:

  • Do they have a physical office?
  • How long have they been operating?
  • Is the process fair?

If these questions are answered with a yes, then the likelihood is that they are a reputable business

Myth #5: Selling Your House for Cash is Too Good to be True!

Companies promising a “no-hassle” sale or “fast cash” can leave people feeling skeptical regarding their legitimacy. But oftentimes things are just that simple, if the company you’re dealing with has a good standing then there’s no need to worry, your cash home sale should be quick and easy, leaving you walking away cash-in-hand within no time.

Myth #6: You Should Only Sell Your House for Cash if You Are in a Desperate Situation

Unfortunate circumstances aren’t the only situation where we can help, many times, people sell their homes for cash due to an unexpected relocation or they live away and their tenant has stopped paying their rent.

Myth #7: You Should Always Use a Real Estate Agent to Sell Your House

If you need to sell your house fast, the best way to go about this is likely not through an estate agent. The process of listing, having viewings, inspections and completing on a house is a tedious process and can take months upon months to make things happen. In this situation, you may prefer to sell your house quickly at a lower price.

Is Using a Cash Home Buyer Right for Me?

After all these misconceptions regarding cash home buyers can make it a scary thing to make such life-changing decisions and it shouldn’t be done one a whim. But if you partner with the right company, you won’t be disappointed, selling your house should be easy and without hassle so if you’re considering selling your house, give us a call today on 0191 462 0160!

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