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We Buy Houses for Cash: Sweet Deal or No Dice?
"We Buy Houses for Cash". "We Buy Houses $$Fast Cash$$". "Sell Your House Fast". You've probably seen a variation or two of these signs posted somewhere in town. They promise to pay off your house quickly. But are these a sweet deal or should you say "no thanks"?
We Buy Houses for Cash: Sweet Deal or No Dice?How They WorkUnlike a typical Lake Havasu home buyer, these are investors looking to buy low and sell high. Nothing wrong with that, right? Well, not if you're on the buying end. But, as the seller, you could be missing out on all that lovely equity you built up over the years. Typically, these guys prey on vulnerable sellers in a high-stress situation. Do you need to sell your house because your spouse died? Are you in danger of going into foreclosure? Have you filed for bankruptcy? Did you receive a great job offer that requires a move to another city? All of these might put some serious time constraints on the sale of your house. If someone tells you that they could pay off your mortgage and put a couple of thousand dollars in your pocket in less than 30 days, you might be ... more

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