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.