Credibility of the Cash Offer

Upon receiving a cash offer, the first concern is its credibility.  Some homeowners research the legitimacy before accepting.   Others though accept ones that aren’t.  Here’s a guide on determining the credibility of a cash offer:

There is a PSA

An investor that gives a cash offer backs it up with paperwork.  Some investors only give their word and a handshake.  A legitimate cash offer is drawn in paper and signed by the cash buyer.

There is earnest money involved

A cash offer is credible when earnest money is involved.  The amount is stipulated in ‘the PSA.  Be wary of an investor not offering earnest money.

A closing date is indicated

This is another detail that indicates the legitimacy of a cash offer.  This is clearly indicated in the PSA,  The date may change over the course of the transaction.

The company is highly rated by the BBB

A known advocate of marketplace trust, the BBB only accredits business that meet their standards.  A company that meets their standards is credible.  If a cash buyer is affiliated with them, their cash offer is too.

One company that offers legitimate cash offers is Cash Offer for Houses.  We close in as early as 7 days with no closing or realtor costs.  Get a fair offer today by calling (425) 372 – 7088 or fill out the form here.

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