Legitimate cash buyers follow a specific business model often referred to as or fix-and-flip : Speed: They can often close in as little as 7 to 14 days.
In exchange for the convenience, they will offer significantly less than your home's potential after-repair value—often following the "70% Rule" (offering 70% of the value minus repair costs). Red Flags to Watch Out For
Always ask for a "Proof of Funds" letter from their bank to ensure they actually have the cash to close the deal. Is It Right for You? we buy houses legitimate
If they push you to sign immediately without allowing a lawyer or family member to review the contract, walk away.
"We Buy Houses" companies are generally legitimate, though they serve a specific niche of sellers who prioritize and convenience over getting the maximum market price. The Reality Behind the Signs Legitimate cash buyers follow a specific business model
What to look for when buying a house: A guide for home buyers
A legitimate buyer should never ask you for money to "evaluate" your home. Is It Right for You
To ensure you are dealing with a reputable company, look out for these warning signs: