You are in the market to sell your house and are comparing home buyers in Dallas, Texas. How do you know if this buyer is a great home buyer or a bad one? These days, with the power of the internet, you can do your homework on just about anything or anyone! Check with credible rating sources to see what other people’s experiences have been, see if they are active on social media, check to see if they even have a professional website, etc. You’ll also want to determine what types of property they regularly purchase since some buyers buy very specific types of properties. While all of this is important to consider, here are 5 things that separate a great home buyer from a bad one:
Quick Cash
Great home buyers will offer you a quick closing; sometimes as fast as 3-7 business days. They will offer to pay for your property 100% in cash but sometimes may also use other payment types to suit the situation. Bad home buyers are difficult to get in touch with, they may offer you a quick closing but constantly delay, negotiate the price down at the last minute, and don’t return your phone calls & emails promptly, if at all. If they do close, they may likely have to go find and obtain third-party financing first, and hopefully, they are able to close without asking you for contingencies or concessions. Great home buyers will usually do not have to renegotiate the price or terms unless extraneous situations arise or hidden facts are uncovered. Bad home buyers will usually try to readjust the price, and sometimes do it multiple times before closing.
Great Reviews
A great home buyer will have a lot of reviews, mostly positive. We all know that things happen, and sometimes people make mistakes, so there may be some negative reviews mixed in with great reviews. Don’t let a small handful of negative reviews sway your decision too much at first and be sure to look at whether or not the home buyer has responded to the reviews. If they did, how did they handle the situation? Do you agree with how they handled it? If you were the seller in that situation, would you have been settled? Also, don’t be afraid to ask around. Have your friends or family ever heard of this buyer?
Their Personality
Great home buyers have a positive attitude about real estate and they follow through. If you ask them to call you back at a certain time, they will do so consistently. They will talk a good game, and back it up too! Bad home buyers will amp you up and disappoint. They will make promises to you, never fulfill those promises and eventually let you down. At North Texas Cash For Homes, we do what we say we are going to do. One of our core values is to follow through with our promises to sellers.
References
References are an important part of the business. A great home buyer will have multiple references you can call to see how they do business, and they shouldn’t hesitate to answer any of your questions. If they do, then this may be a sign they are a bad home buyer. Look at their website, does it list reviews? Are they situation-specific, or is it just a general, too-good-to-be-true review that makes you question if their employees wrote them? Do they have a presence on social media or other rating websites? What are their followers saying in their comments? Do they have public reviews to read?
Closing
A great home buyer will commit to a relatively quick closing date, anywhere from 3 to 30 days, and will provide an earnest money deposit to the escrow agent to show they are serious about buying your house. They will not try to rush you out of the home and will stay in contact with the title company the entire time. A bad home buyer may try to extend the closing date multiple times, or cancel their contract with you altogether and may have never actually submitted their earnest money deposit according to the contract. If the buyer is using third-party financing, there will likely be delays in closing or the third-party lender may even require you to do certain repairs to the house before they’ll agree to fund the transaction at closing.
If you’re looking to sell your house as is, to a great local home buyer, and avoid the hassle of listing with a realtor, give North Texas Cash For Homes a call and let us make you an offer!