If you need to sell your house you might be comparing home buyers in Detroit, MI. What are the ways to tell if a buyer is a great home buyer or a bad one? With all the information at your fingertips with the internet, you totally can do your homework and find out information on just about anything or anyone! Some quick tips that I’ll go into in more detail below is to check with credible rating sources to see what other people’s experiences have been, see if they are active on social media, how does their website look? What kind of property do they regularly purchase?
***Check out the video at the bottom that explains the 5 ways to tell a great home buyer in Detroit MI from a bad one***
Great home buyers are able to offer you a quick closing; sometimes as fast as 1 week. They will offer to pay for your property in 100% cash, but may also offer other types of payments or methods to suit the situation, giving you more options. Bad home buyers are hard to get in touch with, they may offer you a fast closing but will delay or won’t return your phone calls or emails. If they are able to close, they may have had to be qualified for a loan first, and hopefully, they are able to make it to the final closing and their loan did not get denied in the end.
Great home buyers also do not like to renegotiate unless extraneous situations arise or hidden facts are uncovered. This is the reason why you might get a higher price from a bad cash home buyer over a great home buyer. Bad home buyers may try to readjust the price, maybe even multiple times to either get a better deal for themselves, or they may just not be good at estimating the price they should offer you. Either way, this is something you will have to consider when searching for a great home buyer in Detroit.
A great home buyer will also have really good reviews, mostly positive. It is possible that things happen, and sometimes people make mistakes, so there may be some negative reviews. This shouldn’t sway your decision too much at first, but make sure to read if the home buyer has responded to the reviews. If they did, how did they handle the situation? Did they handle it with professionalism? Do you agree with how they handled it? If you were the seller in that situation, would you have been settled? Also, don’t be afraid to ask around. Have your family or friends ever heard of this buyer?
Great home buyers have a positive attitude about real estate and they follow through. If you ask them to call you back at a certain time, they will always do so. If they are meeting you at your house at a specific time, they will be there promptly at that time. They will talk to you with professionalism and care about your situation, and will be able to back it up too! Bad home buyers will get you excited about selling your house fast but then disappoint. They will set appointments with you, and never call you back or never show up. Can you imagine, spending hours tidying up, cleaning the house, and the potential buyer never shows up?
References and Credible Rating Sources
References are an important part of business. A great home buyer will have committed to being part of groups like the Better Business Bureau with great ratings and possibly even have their real estate license to show that they are serious about being in this industry and about being a legitimate company and are honest and ethical. References such as these are a sign of a great home buyer
Great home buyers shouldn’t hesitate to answer any of your questions. If they do, then this may be a sign they are a bad home buyer. Look at their website, does it list reviews? Are they situation-specific, or is it a really general, too good to be true review that makes you question if their employees wrote them? Do they have a presence on social media or other rating websites? What are their followers saying in their comments? Do they have public reviews to read?
A great home buyer can commit to a relatively quick closing date, anywhere around 5 to 30 days. They will not try to rush you out of the home and will encourage you to stay in contact with the title company. They will also use a good reputable title company. A great home buyer should be able to point you to the title company’s website so you can check them out for yourself.
A bad home buyer may try to extend the closing date multiple times, or ignore the closing date altogether. If the buyer is using financing, there will be very few items listed on the commitment letter. Bad home buyers will have multiple issues listed on their commitment, possibly questioning sources of funds and a sudden drop in credit score.