For decades, the real estate industry has been largely controlled by a small group of giant companies with deep pockets. These companies exert enormous control over local markets through their local affiliates and brokers. They have an army of professionals who are willing to knock on every door looking for potential as is home buyers. When they find a "hot" property, they contact the homeowner and try to negotiate a purchase price that is far below the actual market value. The homeowner has the option of either keeping the home, which is essentially a loss-make-ready cash offer, or selling it to a top-rated and extremely busy house buyer with a cash offer in hand. Unfortunately, not every home seller is savvy enough to realize what the major corporations are up to. These large "money-making" companies have some tricks for getting top dollar for your house fast, without ever contacting you. One way they get to make fast sales is to "advertise" houses through various media, but without having your permission or involvement. It's like they never wanted to meet with you before knocking on your door. For example, many house buyers use the internet to find their next "great deal". They read about properties that fit their criteria, check out the "neighborhoods" that they should target, contact the landlord and see if they will entertain an offer, and then place their offers on hold for weeks while they submit additional paperwork. While these offers remain available to the general public, the renters who are interested in purchasing the property remain clueless about how they will actually get rid of the place and get cash quickly. They are rarely given any options to make sure that they will be able to take care of all the obligations once the house is sold. Meanwhile, the house owners are stuck paying the former owner's maintenance bills and making all kinds of repairs. They are only allowed to list the house for sale when it is ready to be lived in, and at that point, most owners simply refuse to entertain any offers. They may agree to small repairs at a time, but the repair costs quickly add up, and they don't have time to do more once the property is sold. A company that buys houses with cash make all the required repairs and then decide that it doesn't look like they were trying to put it on the market in the first place. Don't fall victim to the house flipping scam. Always discuss offers with your real estate agent before placing them on the market, and make sure you get an idea of how much repairs will cost. If you have any sense, you will choose houses that have reasonable terms when selling, and not those that require large repairs. See here https://www.huffpost.com/entry/selling-a-house-top-6-tip_b_13282936 to learn more about selling houses.
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