Dependable Homebuyers Encourages Homeowners to Be Careful of Scams

Real Estate Agent with Dependable Homebuyers

Real estate scams are always evolving, with criminals becoming more and more adept at orchestrating and pulling off complicated plots. This makes working with a professional home buying company more important than ever. As Dependable Homebuyers says, “The importance of working with a professional home buying company has never been of such significance. It is critical to feel secure knowing you are working with a trustworthy service provider. Being the victim of a real estate scam is not something anyone wants to happen, especially when it comes to real estate transactions.”

As professional home buyers, Dependable Homebuyers purchase properties for resale or in order to rent. They typically conduct extensive repairs to the properties in order to force value. The company’s updated services specialize in helping homeowners who are looking to sell their properties without the hassle or cost of realtors.

Cash home buyers are an excellent solution for homeowners who need to unlock cash fast. Many scammers will take advantage of homeowners need to sell quickly. They may force a contract that the sellers do not fully understand or lie about the valuation of the property in order to get it cheaper than they should. Dependable Homebuyers has built its reputation on integrity and transparency. They are constantly working to improve the reputation of professional homeowners who provide a critical service to the real estate industry.

The offers from Dependable Homebueyrs are based on several factors, including the property’s location, current condition, repairs needed, and the value of comparable houses sold in the local area. The company offers a fast turnaround for sales in comparison to real estate agents. A regular real estate agent would list homeowner’s property for sale and wait for prospective buyers, a process that can take an average of six to twelve months.

There are a number of ways to spot a fraudster and keep a property safe from misrepresentation. The first is to be careful with wire transfers. If one is contacted to wire the money, especially where the instruction to wire the money deviates from the original instructions, there is a very real possibility that it is a scam. Whenever this happens, one should check the original paperwork to ensure that the contact information is a match. Contacting one’s financier to confirm that the instructions are legitimate can also help one avoid a potential ripoff.

The second tip off is to be careful when refinancing an existing mortgage. Lenders have been known to persuade homeowners to refinance over and over, a practice known as ‘loan flipping.’ It is usually a bad idea to finance a mortgage a short period of time after another. The older population is generally very vulnerable to this kind of practice, especially those with memory issues. To be safe, seniors are encouraged to have their transactions reviewed by a trusted family member or friend whenever they conduct any sort of business.

The third tip is to avoid unverified callers when you are in Foreclosure. “Facing foreclosure is extremely stressful and can leave homeowners desperate for a solution,” says Dependable Homebuyers. “Regrettably, what seems too good to be true ends up being a nightmare created by swindlers. Often, they represent themselves as government agencies and charge enormous upfront fees for resolution, leaving the homeowner in an even worse financial situation. If they approached you first or don’t want you to speak to your lender, the red flags are waving, and this is an alert to find a reputable source of assistance. Should you find yourself facing foreclosure, first be direct with your lender. Many are willing to work out a solution with modifications, forbearance, or some other arrangement. Speak to a HUD accredited housing counselor to provide you options as well, they will even attend third party telephone calls with your lender to assist you.”

Avoiding over the phone or online transactions is another very important tip offered by the post. It is usually better to meet in person to sign documents and make payments as it is very easy for scammers to pretend to represent the owner in an online transaction. Scammers have also been known to pretend to be real estate professionals, and one can avoid falling victim to people pretending to be real estate professionals by confirming their licenses on the state division of real estate licensing websites.

Homeowners who would like to sell their property to a creditable home buying service should contact Dependable Homebuyers. They help homeowners in all types of circumstances, adversities, and challenges, from divorce and foreclosure to death of a family member and burdensome rental property. The company is prepared to close the sale within a few weeks upon the client’s acceptance of their offer.

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Comments (1)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 29, 2021 02:15 AM