5 Reasons To Be Wary Of Owners Who Want to Sell House Fast

When evaluating a potential real estate deal, an owner who wants to sell house fast is always a huge red flag.

This is not meant to discriminate, nor generalize. However, research has proven that home sellers who want to rush selling their houses are almost always hiding something. This means that you, the homer buyer, will most likely be inheriting more problems from the property that you initially expected.

This is an unfortunate but very real scenario that a lot of home buyers, especially those who are new to real estate, find themselves in.

That’s why we listed down 5 reasons below on why you should be wary about certain real estate deals.

1.    Errors and discrepancies

A lot of people take the word of the offering memorandum as hard truth. However, it’s not its true purpose. Not even close. In fact, the OM is meant to serve only as a guide, at most, because most of the information provided there isn’t to provide prospective home sellers everything they need to know about the property, but instead, to make the property fetch for a high price.

It’s not unusual for real estate agents to purposely provide wrong data and information to drive up the value of the property.

Make sure that you double check this, if it is provided, and see if there’s anything that doesn’t match with what’s actually true. If you find out that the sellers is lying, move on to the next deal. They’re not worth the effort anymore.

2.    Signs of unethical behavior

Whether it’s the owner, or the listing broker, or the property management group hired to sell the house, if you notice any signs of unethical behavior, you might as well take your money elsewhere.

Remember, we live in an dishonest world filled with unethical people.

Always run at the first sign of unethical behavior.

3.    Unrealistic claims

It’s not unusual for home owners who are looking to sell their house fast to make unrealistic claims about how good the condition of the house is.

Regardless of how adamant they are that the house is in good condition, always double-check. Also, if you find out that they’re lying, then move on. As already mentioned, any signs of lying and unethical behavior is a huge red flag.

Besides, if they lied about one thing, who knows what else they were lying about?

4.    Bad market

Not all real estate deals that look good are truly good.

If you can, do a market study of the place. Check if there’s demand for the property, or if there’s a chance to raise rents on it in the future, or if there’s any potential to expand.

If the answer to those questions is a no, then move on.

You don’t want to be caught with a real estate deal that doesn’t bring in any returns, even after significant investment on your part.

5.    Issues during the ocular inspection

This is where deals are broken and made.

Even if the property looks good on paper, if it doesn’t check out in person, then skip the deal. Also, this should go without saying, but always check a property in person first before you buy it. The main reason for this is that there will always be certain problems that will only be found during a personal visit to the property.

Some problems might not be about the property itself.

Certain problems can be about the noise levels there, or how much traffic there is going to-and-fro, as well as high crime rates, among others.

How Do I Sell My House Fast?

Consider these tips as a guide on how to sell your house fast as well.

If you want a potential homebuyer to trust you and buy your property with little to no financial investments on your part, always be honest. Do your due diligence and make sure that every little detail you put in the description of your property on your listing is true.

This way, even if a potential homebuyer skips the deal, they may recommend your property to someone who might find value out of it.

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Ken was such a joy to work with! I stayed at a property he renovated and my stay was phenomenal! He truly cares for his... tenants and the people he does business with. He is honest and fair. He was very speedy with repairs and ensured that my stay was very nice and comfortable. He communicated extremely well and was very professional throughout every encounter. I would absolutely recommend going to Ken for any rentals/purchases Going to the New Jersey area. Thank you Ken for everything!!read more
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Ken from Cash Buyer NJ was a pleasure to deal with. I filled in and sent the online questionnaire, Ken called me ten... minutes later, we made an appointment and two hours later he was at my house. Ken did his due diligence and in two days we agreed on the price. The sale was as is so I only moved what I wanted and left the rest. The closing was completed on time. Ken is honest, and a gentleman who you can take at his word. The whole deal couldn't have gone smoother!read more
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Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
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I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
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Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
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14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
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I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
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12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
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19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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