Selling your house on cash can be so much lucrative since it gives higher return than selling through an agent. Even so, one has to consider certain factors before selling his or her house in cash. The fact that cash sales gives more returns does not make it immune to fraudulent people who want to take advantage of the faster transaction done during the sale to milk money from people. Fraudsters have become so much clever such that exposing them is difficult, it therefore require one to be so much vigilant to ensure he or she sells the house to the most honest buyer.You should watch out the following things while making cash sale to your house:.
Mode of communication used.
How you are engaging with your buyer is so important in preventing fraud. You should see to it that the method of interaction is official enough by conducting relevant search with the communication authority to ensure that you are not dealing with a fraudulent person. Don’t fall in a trap of engaging with the buyer over modes that cannot be verified and tracked. Consider the content of the information that is provided by the buyer and verify the consistency and legality of the information that is provided by the buyer.
Mode of payment.
Detection of fraud always start from the means to payments that buyers and seller opt after an agreement on the house. The seller might accept cheque but the buyer goes back to the bank to revoke the cheque and render it invalid. This is an evident sign of fraud that you must be keen in observing before selling your house on cash basis. The method of payment that your client decides on would dictate whether the buyer is genuine and serious about buying your house.
Reluctant top view the scene
Instances where the buyer postpones the day of looking at your house should send a picture in your mind about the seriousness of the buyers. Impostors will not spare their time to come and have a look at the house as they would not want to have face to face contact with you. Purchasing assets such as houses on cash basis therefore involves physical meeting between the buyer and the seller where most arrangements are done on grounds that the buyer and the seller know each other physically. Thus, one of the physical characteristics that you ought to be observing starts from the behavior of the buyer when you ask them about them coming to have a look at the site.