"We Buy Houses" companies are generally , but they operate differently than traditional home sales. While most are legal entities, their business model is built on purchasing homes at a significant discount in exchange for speed and convenience. How They Work These companies are typically "flippers" or "wholesalers":
: Legitimate companies usually cover all closing costs and do not charge real estate commissions. Red Flags of Scams are we buy houses legitimate
: Put your house under contract and then sell that contract to another investor for a fee. "We Buy Houses" companies are generally , but
: Closings can happen in as little as 7 to 14 days , compared to the typical 50+ day traditional sale. Red Flags of Scams : Put your house
The primary "cost" of using these services is the lower offer price.
: You can expect to receive between 70% and 85% of your home's fair market value.
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