Investors may lower their offer right before closing, citing "newly discovered" repairs.
Some investors will pay for the repairs themselves and split the increased profit with you after selling to a retail buyer.
Unscrupulous investors may file a memorandum of contract at the courthouse, preventing you from selling to anyone else until they are paid off. ⚖️ Pros vs. Cons of Cash Buyers Cash Buyer/Investor Traditional Market (MLS) Speed Can close in 7–14 days. Usually takes 30–60+ days. Condition Sold "As-Is"; no repairs needed. Repairs often required for financing. Cost No commissions; buyer pays closing. 5–6% commission + closing costs. Sale Price Significantly below market value. Potential for full market value. Certainty High (no mortgage contingencies). Moderate (deals often fall through). 🛡️ How to Avoid Scams and Predatory Deals we buy houses complaints
What is the you need to sell quickly (e.g., foreclosure, inheritance, major repairs)?
If the contract says "and/or assigns," they are likely a wholesaler looking to flip your contract, not the actual buyer. Investors may lower their offer right before closing,
Companies that advertise "We Buy Houses" provide a fast way to sell property for cash. While they offer a legitimate service for homeowners in distress, the industry is frequently associated with specific complaints and predatory tactics. 🚩 Common Complaints and Issues
Ask for a "Proof of Funds" letter from their bank to ensure they actually have the cash. ⚖️ Pros vs
Companies like Opendoor or Offerpad often offer closer to market value than local "We Buy Houses" signs.