Why You Should Not Sell to An Amateur Home Investor

Because of how the media portrays home flipping and investing, more and more people are trying to get into it to cash in on the trend. However, not all investment companies are worth working with. Even worse, some of them are even operating illegally, which means that, by choosing to work with them, you are at risk of fraud and being scammed.

 

Of course, there are reliable investment companies out there as well; companies who actually operate within the legal bounds of the law and will make sure that your money is safe.

 

You’re better off waiting for those companies instead of risking it with a shady business. Otherwise, you’ll just be putting yourself at risk for the following issues:

 

  1. One-sided contract terms

Unless you do your due diligence, an amateur home investor will take advantage of your knowledge, or rather, lack thereof, when it comes to the home selling process.

 

Amateur home investment companies, or in worse cases, con artists, will try to convince you on accepting a “good” offer. They’ll hope that you’ll say yes eventually because of how persistent they are. Some of them might also try to make the terms look like it’s catered to benefit you the most, when, in fact, it mostly only favours them.

 

  1. A deal that will never happen

Amateur home investors will try and see if you are gullible enough to fall into their lopsided contracts and deals. They’ll try to appeal to your emotions and promise you a lot of things. Some might even tell you that they’ll be able to sell your home at a much higher price and give you more money, if you only signed with them.

 

As a good rule of thumb, if a deal sounds like it’s too good to be true, it probably is.

  1. The “rent trap”

Amateur home investors and scam artists prey on homeowners who are looking to sell house fast because they’re either moving abroad and don’t want to deal with their property anymore, or are trying to avoid foreclosure.

 

Majority of the bad investment companies will try to get you to sign a deal where you’ll transfer ownership to them and avoid foreclosure while also getting a chance to continue living in your property provided that you pay them rent.

 

This is a common scam that a lot of people have fallen into over the years. The worst part? You’ll end up paying a lot more money to the investment company instead of netting some profit from your house sale.

 

The best investment companies are reputable and have a lot of testimonials, as well as reviews online.

 

Make sure that you do your research right and choose a home investor that has your best interests in mind.

 

If you’re looking for a quick sale, just because or you want to avoid foreclosure, feel free to contact cash buyers as ourselves. We buy houses NJ cash, as is and with no strings attached. Not only that, but we buy houses for a fair price as well.

 

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
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
Niki Keser
Niki Keser
17:46 06 Aug 21
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
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
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
Christopher Martino
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
Chelsea Grant
15:36 03 Jan 21
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
Aaron Zachko
Aaron Zachko
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
Joseph Tricarico
Joseph Tricarico
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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