Unfortunately, like any other industry, there are some rotten apples in the We Buy Houses industry. We are here to help you spot some of the typical "red flags" of some of the not-so-legitimate companies so that you can avoid being scammed or taken advantage of.
1. Make sure they are putting a "reasonable" Earnest Money Deposit into escrow with the closing attorney or title company.
2. Watch out for the amount of time needed to close. Real cash transactions can usually close as soon as title work is complete, which can typically be completed in about 2 weeks or less.
3. Eager to make you an offer "sight unseen", especially if they are not in or familiar with your local market.
4. Look out for "escape" clauses. (Example: 10-14 day inspection period or "subject to third party approval")
These types of clauses allow the buyer the opportunity to come back and re-negotiate the price or back out of the deal.
THG of MD is a credible and accredited company with verifiable reviews and video testimonials from satisfied clients. If you want to sell your property for a fair price, we are here to make you a competitive all-cash offer. No hype. No gimmicks.