How to Know if an Offer of Cash for Your Cape Coral Home is Legitimate or a Scam

Let’s suppose that while selling your home, you were given a cash offer. But is the offer of cash for your Cape Coral home too good to be true? How do you know if an offer of cash for your Cape Coral home is legitimate or a scam?

To help you determine whether a cash offer is legitimate or not, we’ve compiled a list of scenarios to help you ensure that the sale of your home is legal when a cash offer is on the table.

You’ve Received a Cash Offer For Your Home When It’s Not For Sale

There are times when a homeowner may receive a cash offer to purchase their home when the home isn’t even on the market. This solicitation may come in-person, by mail, by phone or by text message. How can someone offer to buy your home if it isn’t on the market?

Generally, these offers to buy your home are from people trying to take advantage of you. The offers mostly come from investors, house flippers or scammers.

Here’s how the scam works: the potential homebuyer offers you a price that is less than the true market value of your home, assuming that you are unaware of your home’s value. Oftentimes, the scammer will try to convince you that their offer is higher than anything you would receive by listing your home on the market.

The best way to protect yourself from this type of scam is to work with an expert realtor to determine what your home is really worth if you are considering selling.

“Friendly” Cash Offers

Another technique that scammers use is to try to befriend you. They make it seem like by offering to buy your home for cash that they are doing you a favor that will result in you getting much more money for the sale of your home. 

These offers often go to retired seniors whose homes are in foreclosure. Or, scammers may make an offer on a property that has a large number of needed repairs. Stacey Wood, a psychologist and professor at Scripps College in California says, “I see these scams a lot when I investigate elder abuse and exploitation cases.” Her advice is to consult with a realtor before you take any cash offer seriously. 

Your Home Sold Guaranteed Realty – Vasbinder International Gives Legitimate Offers of Cash For Your Cape Coral Home

At Your Home Sold Guaranteed Realty – Vasbinder International in Cape Coral we give legitimate offers of cash for your Cape Coral home that is completely legal and in writing. It’s known as our Guaranteed Sale Program – we guarantee to sell your home at a price acceptable to you or we will buy it back for cash.

To learn more about our guaranteed cash offer and how we can protect you from housing scams, call us at 239-990-3131 or fill out the form below for more information.