How to Make Sure a Home Buyer is Legitimate

How to Make Sure a Home Buyer is Legitimate

One thing you have to worry about when you are selling your home is the potential that you might get scammed. To avoid that problem, you want to make sure that you only work with legitimate home buyers. There are a few things that you can do to help ensure that the home buyer you are working with is legitimate and that the sale of your home will be able to successfully go through.

How to Make Sure a Home Buyer is Legitimate:
Work With an Agent

One of the best things you can do to help yourself ensure your home buyer is legitimate is to work with a realtor you trust. Realtors and real estate agents have a lot of experience in the field, and they have a good idea of what to look out for as red flags. Talking with them and using their expertise will help you to choose a buyer that is legitimately interested in your property. That can save you a ton of trouble, time and money that you could have wasted if you were scammed.

Make Sure They Have the Money

Next, you want to make sure that the buyer has the money for the loan. The main way to check for this is to look for either a cash offer or evidence that they have been approved for a loan. Cash buyers should have no issue proving that they have the funds, and any serious buyer who is taking out a loan should have an approval letter from their lender. If a buyer can’t show you proof that they have approval or the cash, you should move on to a new buyer.

How to Make Sure a Home Buyer is Legitimate:
Require Earnest Money

One of the best tools available for determining a buyer’s seriousness is earnest money. Earnest money is a small portion of the down payment that shows that the buyer is invested in purchasing your property. If a buyer refuses to pay their earnest money, it is a serious red flag that you need to be on the lookout for. Your realtor should be able to help with this portion and the amount of earnest money the buyers need to pay will be in the contract.

Protecting yourself from scams and buyers who might waste your time is important. With a good vetting process, you can make sure that you are working with a qualified buyer. That will make the process a little easier and less stressful for you.

Check out this article on situations that can hold up a real estate transaction!

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



 

$5,600,000
Single Family Home For Sale
Pending
5
BEDS
6
TOTAL BATHS
7,000
SQFT
3336 West Riverside Dr
Fort Myers, FL 33901
Riverside Subdivision
New Listing - 2 weeks online
$5,800,000
Land For Sale
Active
1.3945
ACRES
LEE
COUNTY
1215 & 1233 Braman Ave
Fort Myers, FL 33901
Fort Myers Subdivision
$15,950,000
Single Family Home For Sale
Active
4
BEDS
9
TOTAL BATHS
10,033
SQFT
1240 Coconut Dr
Fort Myers, FL 33901
Palm Gardens Subdivision
Price Change - 7 days ago
$640,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,503
SQFT
1362 Braman Avenue
Fort Myers, FL 33901
Becklers Riverside Add Subdivision
New Listing - 6 days online
$1,995,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,684
SQFT
3232 Mcgregor Blvd
Fort Myers, FL 33901
Riverside Subdivision
New Listing - 3 weeks online
$490,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,243
SQFT
1338 Alcazar Ave
Fort Myers, FL 33901
Valencia Terrace Subdivision
Price Change - 3 weeks ago
$3,950,000
Single Family Home For Sale
Pending With Contingencies
4
BEDS
6
TOTAL BATHS
5,127
SQFT
1130 Tipton Ct
Fort Myers, FL 33901
Fort Myers Subdivision
$475,000
Single Family Home For Sale
Pending
4
BEDS
2
TOTAL BATHS
2,542
SQFT
1377 Coconut Dr
Fort Myers, FL 33901
Palm Gardens Subdivision
Price Change - 3 weeks ago
$700,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
1,950
SQFT
1250 Sunbury Dr
Fort Myers, FL 33901
La Chelle Manor Subdivision
New Listing - 2 weeks online
$6,500,000
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
7,719
SQFT
2844 Valencia Way
Fort Myers, FL 33901
Lynns Add Subdivision
New Listing - 5 days online
$515,000
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
1,784
SQFT
1414 Alhambra Dr
Fort Myers, FL 33901
Fort Myers Subdivision
$284,875
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,749
SQFT
1425 Alhambra Dr
Fort Myers, FL 33901
Phillips 4th Division Subdivision
Price Change - 2 weeks ago
$1,425,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,848
SQFT
1434 Alhambra Dr
Fort Myers, FL 33901
Fort Myers Subdivision
$549,800
Single Family Home For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
1,726
SQFT
1326 Burtwood Dr
Fort Myers, FL 33901
Seminole Estates Subdivision
$389,000
Single Family Home For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,209
SQFT
3443 Silvestre Dr
Fort Myers, FL 33901
Allen Court Subdivision
New Listing - 5 days online
$545,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
2,062
SQFT
1238 Morningside Dr
Fort Myers, FL 33901
Seminole Estates Subdivision
Price Change - 2 weeks ago
$3,450,000
Land For Sale
Active
1.1381
ACRES
LEE
COUNTY
1301 Poinciana Ave
Fort Myers, FL 33901
Poinciana Park Subdivision
Price Change - 2 weeks ago
$309,900
Single Family Home For Sale
Pending With Contingencies
2
BEDS
1
TOTAL BATH
975
SQFT
1533 Coconut Dr
Fort Myers, FL 33901
Coconut Grove Subdivision
$555,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,746
SQFT
1345 Morningside Dr
Fort Myers, FL 33901
Seminole Estates Subdivision

 

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