You must be alert when selling for cash; this post outlines five red flags so you can protect your sale. Watch for pressure to sign immediately, no written contract or proof of funds, extremely lowball offers, vague timelines, and buyers who avoid inspections.
It’s important you know how buyers arrive at a cash offer by combining market comparables, estimated repair costs, holding and transaction expenses, and a built-in profit margin; you should expect that shorter closing timelines can increase the discount while undisclosed title or inspection issues pose risk to your payout.
- 1
- 2