Real estate scams are unfortunately common, especially when homeowners are in distress or need to sell quickly. Here's how to protect yourself and ensure you're working with legitimate buyers.
Common Red Flags
- Requests for upfront fees or payments
- Pressure to sign immediately without time to review
- Offers significantly above market value
- Lack of local presence or verifiable business address
- Poor communication or unprofessional presentation
How to Verify Legitimate Buyers
Before working with any cash buyer, verify their credentials:
- Check their business license and registration
- Look up reviews and testimonials
- Verify their local presence and office location
- Ask for references from recent transactions
- Ensure they have proper insurance and bonding
Working with Reputable Companies
Legitimate cash buyers like Expedia Home Buyers will:
- Never ask for upfront fees
- Provide transparent, written offers
- Allow time for you to review and consider
- Have verifiable local presence and track record
- Use licensed title companies for closing
Trust Your Instincts
If something feels wrong or too good to be true, trust your instincts. Take time to research and verify before making any commitments.
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About Sarah Chen
Real estate market analyst and writer specializing in Maryland property trends. Sarah provides data-driven insights to help homeowners make informed decisions about buying and selling. With a background in economics and real estate finance, she brings analytical rigor to complex market dynamics.
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