How to Protect Yourself from “We Buy House” Scams
We Buy House Scam Artists
When you need to sell a house fast, there are some important rules you’ll need to abide by to
protect yourself from flimflams and “We Buy House” scam artists.
If you want to have a successful transaction, learn these rules and enjoy the fruits of your
Be Ready and Willing to Walk Away
When it comes to a transaction of this magnitude, you must be ready and willing to walk away
at the drop of a dime.
If not, you could subject yourself to scam artists and untold potential financial ruin. If it
doesn’t feel right, if you don’t trust them, if it seems too good to be true, err on the side of caution and
walk away. It is never worth the heartache gauntlet you will walk through for going against your better
Get All of The Terms in Writing
In the event of a misunderstanding or disagreement, verbal promises will mean absolutely
nothing! Don’t risk going to court trying to prove your case based on your word against theirs; you will lose!
Insist that all of the terms be in writing. If they can’t or refuse to put any term in writing on a valid
Georgia contract, bid them ado and walk away.
Understand What You Are Signing
If you don’t understand what you are signing, put the brakes on and get some professional
help. When it comes to real estate transactions, there is no such thing as a stupid question. Not having the
proper answers could literally cost you tens of thousands of dollars. In terms of acquiring the answers, look to
sources such as your mortgage company, a reputable real estate broker an attorney or one of the pre-paid legal
programs if you are a member. Don’t ever sign a contract that you do not understand!
Research the Buyer
Know who’s attempting to purchase your property. Are they a seasoned investor? Do they have
the financial backing to pull this deal off? Have they caused any homeowners to lose their property? Are they
members of any reputable real estate organizations such as the GaREIA? Don’t wait until you have concerns or
feel uneasy about a buyer before checking them out. Check them out first.
Check them out through the Better Business Bureau, the Georgia Real Estate Commission, the Office of the Attorney
General of Georgia and your District Attorney's Consumer Fraud Unit. Also find out if they are incorporated
and finally examine their website.
How To Recognize “We Buy House”