When evaluating these buyers, ensure your "report" or due diligence covers these areas:
: Many "cash buyers" are actually wholesalers who secure a contract on your home and then "sell" that contract to a final investor for a fee (often $10,000–$15,000). will buy your house
: Wholesalers often use "right of assignment" clauses to pass the contract to another buyer. Advantages of the "As-Is" Sale When evaluating these buyers, ensure your "report" or
: Legitimate cash buyers should provide a bank statement or written endorsement from their financial institution early in the process. : A major red flag is any request
: A major red flag is any request for "processing" or "appraisal" fees before closing. Legitimate buyers do not charge sellers for the right to make an offer.
: Review contracts for language that allows the buyer to record a memorandum of contract against your title. This can prevent you from selling to someone else if their deal falls through.