Looking to sell your house in Edmonton, AB and comparing home buyers? Wondering how to differentiate between a great home buyer and a bad one? Thanks to the power of the internet, you can now research almost anything or anyone! Make sure to consult reputable rating platforms to learn from others’ experiences, check their social media presence, evaluate the quality of their website, and understand the types of properties they typically buy.
Quick Cash Offers
When selling your home, it’s important to differentiate between great home buyers and bad home buyers. Great home buyers in Edmonton will ensure a quick closing, sometimes in as little as 2 business days, and offer to purchase your property with 100% cash or alternative payment methods to accommodate your needs. On the contrary, bad home buyers can be elusive, making it challenging to reach them. They may promise a fast closing but fail to respond to your calls and emails promptly. If they manage to close the deal, they might have faced hurdles qualifying for a loan, potentially causing delays in the final closing process. Moreover, while great home buyers rarely renegotiate the terms, unless unforeseen circumstances arise, bad home buyers may attempt to adjust the price multiple times, leaving you frustrated.
Great Company Reviews
A great home buyer will have a lot of reviews, mostly positive. We all know 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? 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?
The House Buyers Personality
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 do so consistently. They will talk a good game, and back it up too! Bad home buyers will amp you up and 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
References are an important part of business. A great home buyer will have multiple references you can call to see how they do business, and they 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?
Closing Date & Speed of Closing
A great home buyer will commit to a relatively quick closing date, anywhere from 2 to 30 days and will provide a deposit. They will not try to rush you out of the home and stay in contact with the title company. A bad home buyer may try to extend the closing date multiple times, or ignore the closing date altogether and may have never submitted their deposit according to the contract. 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.
In Summary, when comparing home buyers in Edmonton, it is essential to determine if the buyer is a great or bad one. Great home buyers offer quick cash closings, often within 2 business days, and may use other payment types. They are generally easy to contact, have positive reviews, and follow through with appointments. On the other hand, bad home buyers may delay or ignore the closing date, and may try to readjust the price multiple times.
Great home buyers have multiple references and should answer questions. They should also have a presence on social media and other rating websites. They commit to a quick closing date, usually 2 to 30 days, and provide a deposit. They may not rush out of the home and stay in contact with the title company. If the buyer is using financing, there may be few items listed on the commitment letter.