What exactly makes a great homebuyer? If you are in the market to sell your house and are comparing local homebuyer companies in Detroit, MI, how do you truly know if this buyer is a great home buyer or a bad one? With the wonders of today’s technology you are able to do your homework on just about anything or anyone. You can check with credible rating sources to see what other people’s experiences have been and see how their website looks. What kind of property do they normally buy and research their business credentials. Let’s talk about what to look for in a great homebuyer in Detroit.
Legitimate homebuyers will offer you a quick closing sometimes as fast as 7 business days. They will offer to pay for your property in 100% cash but may also use other payment types to suit the situation. Bad homebuyers are difficult to get in touch with, they may offer you a quick closing but constantly delay or do not return your phone calls or emails. If they do close, they may have had to be qualified for a loan first and hopefully, they are able to have the final closing. Great home buyers will also not typically renegotiate unless extraneous situations arise or hidden facts are uncovered.
A great homebuyer will have a lot of reviews and mostly positive. We all know that things happen and sometimes people make mistakes, so there might be some negative reviews. This shouldn’t sway your decision too much at first but make sure to read if the homebuyer 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?
Great homebuyers have a positive attitude about real estate and they follow through. If you ask them to call you back at a certain time they should do so consistently. They will talk a good game and back it up too! Bad homebuyers will amp you up and disappoint. They might 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 are an important part of business. A great homebuyer 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?
A great homebuyer in Detroit will commit to a relatively quick closing date anywhere from 7 to 30 days. They will not try to rush you out of the home and not stay in contact with the title company. A bad homebuyer 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.