Home buying companies can come in handy when you need to sell your house urgently, either because you are moving to a different state or you in dire need of cash. These companies are known to buy houses immediately, in its current condition and in cash. However, all these companies some of them are not genuine, they can end up conning. The factors below can help in determining whether a company is genuine or not.
The first thing to always check when dealing with a home buying company it is their financial reports. From such reports you can proof that a company is in the business of buying homes. For a legitimate company, you can easily get the financial reports on their website.
Unlike real estate agents where you have to pay the agency fee, in home buying there is no any cash charged to cater for any expenses that may be incurred when the home company is buying the house. Home buying companies will pay you for the cash of the value of the house and no extra charges will you incur.
The third way to know if a company is genuine is by checking their customer testimonials. There are trusted business bureaus that you can check customer reviews and the ratings done on a company, ratings on these sites are based on the quality of services a company provides, customer complaints and many more. If a company has good services they will be plenty of reviews which are positive, many satisfied customers will want to encourage others to try them.
When signing the contract with the home buying company, it is important to read the contract well and incase there is something that’s not clear ask. You can always seek the services of a lawyer in case you sense the company is planning to fraud you.
It is also important to check that the home buying company is registered and licensed. For the license ensure its authentic and it is current. Don’t settle for a company without a physical location, that can be really risky in case anything goes wrong, you cannot be able to locate the owners of the company.
As much as you are planning to sell your house first, always find out the number of years the company has been in business. Go for a company with many years of experience, for such a company they are stable financially from the many houses they have invested in over the years.
Word of mouth is one way of getting a home buying company, if you know anyone in your neighborhood who has sold their house for cash, you can ask them which company they used.