Out of the blue, apropos of nothing, you suddenly receive an offer on your home.
The only thing is, your house isn’t for sale. You may be asking yourself, “why do I keep getting unsolicited offers to buy my house?”
These offers home may not be an everyday occurrence. But if you live in a desirable neighborhood with low inventory, you may receive letters or calls offering cash for your house.
Of course, your first reaction is likely to question whether the offer is legitimate. While an unsolicited call to buy a house may be a scam, some are the real deal and may offer benefits you haven’t considered before.
Here’s what you need to know.
What to Look Out For
When you’ve received a call or letter that seems either too good to be true or entirely unwarranted, don’t simply write it off. Take the time to do your due diligence and determine if it’s a scam or a great opportunity.
First, find out how they’ll pay. Often, such buyers advertise a cash offer, but what does that mean for you?
Will they simply hand you a check? Do they already have funding secured? How long will the transaction take and, most importantly, when will you get paid?
If the potential buyer says they need an “administrative fee” upfront, that’s a huge red flag. A buyer that’s on the level will never require money from you.
Next, look into who, exactly, wants to buy your home.
While there’s a chance a stranger strolling down the street fell in love with your house and simply had to make an offer to buy it, there’s a better chance of this happening in a movie plot than in reality.
Most likely, an individual investor or a home buying company is behind the offer.
Whether it’s a single person or a company behind the unsolicited call to buy your house, a major benefit of these types of buyers is that you can look for reviews. You want to know what kind of experience other home sellers have had with this buyer.
Similarly, does the buyer have a real estate license? Do they have professional references to back up their claims?
Next, determine whether the potential buyer will make an in-person visit to your home. Without an on-site visit, no one can make an accurate offer.
A common scam technique is making an initial offer over the phone, then marking it down after making an in-person visit or having a formal inspection later in the process.
Finally, evaluate whether the buyer is professional. Can you get in touch with them easily? How long have they been in business?
The answers to these questions can help you make an informed decision as to the legitimacy of the offer.
Why Sell Your House After an Unsolicited Offer?
After you’ve confirmed the buyer is on the up and up, you may consider selling. After all, even if your house wasn’t on the market, it may be a good time to sell. Your home might even be worth more than you realize!
Case in point: If you inherited your home and don’t need it, but haven’t had time to go through the selling process, a cash offer may provide a solution.
Or maybe you’ve always wanted to move closer to your dream location but felt tied down by your home. An unsolicited offer on your home could open the door to a new chapter in your life.
While it’s important to be cautious and avoid scams, unsolicited offers may open doors that you never considered. In some cases, the offer price may be less than the market value. But selling as-is — and saving on fees and commissions — can make up the difference.
For a fast cash offer you can trust, consider selling to HomeGo. We purchase homes in as-is condition using our own funding, so you never have to worry about repairs, upgrades, or your deal not going through.
All of our agents are licensed, local market experts and we will never collect a commission, fees, or expenses. If you’re ready to see what your home is worth, contact us today for a transparent, hassle-free offer.