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Ways Con Home Cash Buyers Use
You should be wary with scammers by hiring an attorney to scrutinize the sales and purchase agreement before you sign them and know the reputation of the buyer before you finalize the transaction. Con home cash buyers exist, and they change their techniques from time to time. Home cash buyers like NOLA cash home buyers who are scammers dupe people using these tricks.
The buyer who insists on paying cash has ill motives such a paying you fake money, less money or hire robbers to attack you afterward. You will not have the time to count all the notes and coins at once. You should be paid through safe methods like bank transfers.
Equity skimming is an old trick that seems to work well for most scammers for they sweet-talk homeowners to transfer the deed of the house before they make payments. The equity of the homeowner is wiped out after the documents are transferred to the scammers. They will either rent out the house to make a profit and later acquire a loan on it or resell it.
The buyers can claim to be foreigners to create an impression that they have a lot of money hence they will give you a good offer. Most of the scammers who claim to be foreigners insist on email or phone call communication but they never make a physical appearance. They will get your contacts online once your house is listed online. They will want to lure you into providing details of your bank account shop online or transfer the money to their accounts without your knowledge.
Think twice when someone offers you the highest offer than all the other buyers. The buyer may pay a less the agreed-upon amount of money later after you excitedly sign the documents before receiving payments because of the fear of losing a good deal.
Stop hoping that the buyers will come back by looking for other buyers if the first ones cannot raise earnest money to bind the contact for they may be brokers of other buyers or they are only window shopping prices. Insist that the buyer pays the remaining amount within a week or you will resell the property.
Some will meet you a few times to win your trust before they dupe you. You should be keen when after they get your trust, they do not give to enough time to go through the sale and purchase agreement because they can make alterations to the documents that you may not easily notice unless you read them carefully with your lawyer when you sell my house directly.
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