How to spot cash home buyer scams

how to spot cash home buyer scams

Protecting yourself means verifying the buyer’s legal standing, demanding a bank-authenticated proof of funds, and always closing through an independent, state-licensed title and escrow company never directly with the buyer. Real estate fraud is a consistent concern for consumer agencies such as the Federal Trade Commission (FTC), and homeowners selling off-market can be targeted. What … Read more

The cash buyer bait-and-switch scam: How pre-escrow price drops work

cash buyers bait switch scam

The cash buyer bait-and-switch is a scheme in which a speculative operator makes an inflated cash offer to tie up your property, then demands a sharp price cut, often tens of thousands of dollars, in the final days before closing. You can protect yourself by requiring a meaningful earnest money deposit, limiting the inspection window … Read more