‘We Buy Houses for Cash’ Signs: Possible Scam or Legitimate Offer?

If you’re looking to sell your home fast, you’ve probably wondered about the signs, billboards, and internet ads for We Buy Houses companies claiming to “buy houses in any condition for quick cash.”

These businesses make a lot of promises that can sound pretty good to a seller in a pinch; a fast and flexible closing process, no necessary repairs, and most appealing of all, a cash offer in hand. But are these promises too good to be true?

Victor Miskanic, a real estate agent with more than 29 years of experience selling in Port St. Lucie, Florida, suggests that all sellers first consider their options before deciding to sell to a We Buy Houses for Cash company.

“Go onto Zillow or Google and look at some reviews of local agents. Then, ask the agent how many sales they’ve had in the year and what their references are. Next, I recommend the seller ask the same questions to the people that would buy their house for cash,” Miskanic suggests. Speaking with an agent could reveal that your home is worth significantly more than what the We Buy Houses company is offering.

Profit aside, there are other important details every seller should know about these companies before deciding to work with one. In this guide, we’re breaking down how these companies operate, offering tips for spotting potential scams early on, and discussing when a We Buy Houses for Cash company may or may not be advantageous to your selling situation.

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of  “We Buy Houses” companies should not be considered an endorsement.