Not all cash home buyers are created equal. Before you sell your house to a cash buyer, ask these important questions to ensure you're working with a reputable, fair company.
1. How Long Have You Been in Business?
Experience matters. Established companies have:
- Proven track records
- Local market knowledge
- Established processes
- References you can check
Be wary of brand-new companies or fly-by-night operations.
2. Are You Licensed and Insured?
Reputable cash buyers should be:
- Licensed (if required in your state)
- Insured
- Bonded (in some cases)
Ask for proof of licensing and insurance.
3. Can You Provide References?
A good cash buyer should be able to provide:
- Past client references
- Testimonials
- Case studies
- Online reviews
Check reviews on Google, BBB, and other platforms.
4. How Do You Determine Your Offer?
Transparency is key. A good cash buyer should explain:
- How they evaluate properties
- What factors they consider
- How they arrive at the offer amount
Be wary of buyers who won't explain their process.
5. Are There Any Hidden Fees?
Reputable cash buyers charge no fees. Ask specifically about:
- Commissions
- Closing costs
- Inspection fees
- Processing fees
- Any other charges
The offer should be what you receive at closing.
6. How Long Does the Process Take?
Understand the timeline:
- How long to get an offer?
- How long to close?
- What can cause delays?
Most reputable cash buyers can close in 7-14 days.
7. What Happens If I Change My Mind?
Understand your obligations:
- Is the offer binding?
- Can you back out?
- Are there penalties?
Reputable buyers should allow you to back out before closing.
8. Who Handles the Closing?
Ask about:
- Who handles paperwork?
- Do you need an attorney?
- Where does closing happen?
- What documents are needed?
Good cash buyers handle most of the process for you.
9. Do You Buy Houses in My Area?
Some cash buyers only work in specific areas. Confirm:
- Do they buy in your city/county?
- Do they understand your local market?
- Are they familiar with your area?
10. Can I See the Contract Before Committing?
Always review the contract before signing. A good cash buyer should:
- Provide a sample contract
- Explain all terms clearly
- Answer your questions
- Not pressure you to sign quickly
Red Flags to Watch For
Avoid cash buyers who:
- Pressure you to sign immediately
- Won't provide references
- Have lots of hidden fees
- Give offers without seeing the property
- Ask for money upfront
- Have poor online reviews
- Won't explain their process
Making the Right Choice
Take your time, ask questions, and choose a cash buyer you're comfortable with. A good cash buyer will:
- Answer all your questions
- Be transparent about the process
- Make fair offers
- Treat you with respect
- Close on time
Getting Started
If you're considering selling to a cash buyer, ask these questions. We're happy to answer all of them and provide references. We've been helping homeowners in North Carolina for years, and we're committed to being transparent and fair.
Call us at (828) 677-2776 or get your free cash offer and ask us anything.
Author: We Buy Houses In Carolinas