How to Avoid House Selling Scams?

How to Avoid House Selling Scams?

According to the Federal Trade Commission, there are a number of scams that are commonly used to target people who are selling their homes.  Here are some tips on how to avoid being scammed when selling your home:

  1. Be wary of anyone who asks for money upfront:

One of the most common scams targeting people who are selling their homes is known as the “advance fee” scam. In this type of scam, someone will contact you and say that they are interested in buying your home. They will then ask you to pay a fee upfront in order to secure the deal.

  1. Don’t sign over the deed to your home without getting professional legal advice first:

Signing over the deed to your home without getting paid is a huge mistake. If you do this, you will have no legal recourse if the “buyer” decides not to go through with the deal. Always consult with a lawyer before you sign over the deed to your home.

  1. Be careful about giving personal information to strangers:

When you’re selling your home, you will need to provide potential buyers with some personal information, such as your contact information and the address of the property. However, you should be careful about giving out too much personal information to strangers.

  1. Your research before you sign any contracts

Before you sign any contract, it’s important that you read it over carefully and make sure that you understand everything that it says. If there is something in the contract that you don’t understand, be sure to ask questions before you sign.

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  1. Get everything in writing:

When you’re selling your home, it’s important to get everything in writing. This includes any promises that the buyer makes, such as their intention to purchase the property or their agreement to pay a certain price.

  1. Don’t let anyone pressure you into making a decision:

If someone is pressuring you to make a decision, it’s a good idea to walk away from the deal. For example, if the buyer is pressuring you to sign a contract right away or if they are offering to pay more than the asking price if you agree to sell the property to them immediately, it’s probably best to walk away. You can get more information about

  1. If something sounds too good to be true, it probably is:

When you’re selling your home, you should be realistic about the offers that you receive. If someone offers to pay significantly more than the asking price, it’s probably too good to be true.