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Hoaxes and Scams Alameda County Home Buyers and Sellers Should Be Aware Of

For those home buyers in Alameda County, we will cover what are the hoaxes and scams Alameda County home buyers and sellers should be aware of and how Sell Quick California can help you. Traditional listings for this type of property are not suggested as they don’t attract most buyers, take far too long, and are too costly for most owners of a distressed property.

Life can bring unexpected changes that leave you searching for solutions. Homes can fall into states of disrepair that are far beyond the owner’s capacity to handle. There could have been a death, divorce, illness, or job loss, leading to lost income or a forced relocation at play.

In this article, we’ll walk you through dealing with a distressed property. We Buy Houses in Napa County and we know how your situation is stressing you. As home buyers in Alameda County CA, we can help you have a stress-free sale by buying your house from you! Let’s dive into some of the options to sell a distressed property in Alamaeda County CA.


Down Payment Hackers

Unlike the banking industry, real estate agents’ communication and information security is relatively non-existent and not regulated in any sense, which takes extreme safeguards to encrypt communications and protect accounts. In addition, agents typically use public wi-fi and free email services, which scammers can quickly hack. As a result, Alameda County home buyers and sellers should be aware of hackers who could intercept communications when you work with a real estate agent and exchange emails about your deal. Furthermore, once they have taken over the agent’s email account, your communications may catch their attention, and you may receive fraudulent instructions on where to wire funds for the closing, only to be lost in the dark hole of untraceable overseas accounts. 

Baiting Sellers

Alameda County home buyers and sellers should be aware of amazingly above-market offers made to string you along, with issue after issue in closing, only to demand the seller agree to a lower than market value sales price, or they will back out of the deal. Initially, the scammers are counting on the excitement of the offer causing a momentary lapse in judgment as they demand a quick signature on the contract before the sellers have an opportunity to read the contract’s fine print. The sellers are literally on the hook and will most certainly chase the carrot dangling in front of them for months, looking forward to a considerable profit. As months pass and bills continue to roll in, desperation sets in, and this is when the scammer strikes with their lowball offer.

Home Title Fraud

Alameda County home buyers and sellers should know how home title fraud works to avoid the scam. By stealing your identity, fabricated documents make it appear they own your property, and then loans are secured using the equity in your home. Regrettably, many owners who have undergone this process find out about the scheme when the lender begins legal proceedings to procure payment. Often, online transactions and document requests are the openings that these criminals seek to obtain the information they need to take the cash from your equity and walk away. Purchasing title insurance can protect you and your money from this fraudulent activity, as can safeguarding your personal information. Sadly, older people are often the targets of this activity, as they are typically slower to pick up on the signals of an issue and not as technically savvy as younger consumers.

Research 

There are fake sellers, real estate agents, and even fake real estate attorneys with sophisticated systems involving several players to fool buyers into believing they have made a legitimate transaction. Likewise, moving companies take advantage by holding your possessions hostage until you meet their demands and pay outrageous fees. To help avoid these hoaxes, Alameda County home buyers and sellers should take the time to research the backgrounds of anyone they are doing business with care, including licensing. Another step is reviewing professionals and companies through online sites such as Yelp to get input from other consumers. Finally, another suggestion before you work with anyone in the real estate field, just as you should with mechanics or home repair service providers, is to seek recommendations from trusted friends or other professionals in a related industry. Err on the side of caution and use well-established and reputable providers.

There are many possible variations on these scams, as you can well imagine. While we can’t possibly cover them all here, you can rest assured that the professional buyers at Sell Quick California know what Alameda County home buyers and sellers should be aware of to avoid hoaxes and scams. Working with Sell Quick California means using simple contracts and absolutely no pressure. You can trust that your information is secure, and so is the guaranteed closing date with Sell Quick California, often within days. The professional buyers at Sell Quick California work with buyers and sellers in Alameda County and never charge commissions. There are no hidden fees or closing fees, eliminating any worries about transfer hackers. At Sell Quick California, our pros stop and take the time to listen to your questions or concerns and are happy to help with no obligation. Contact Sell Quick California at 1-866-497-8248.

Interested in more great articles, read this one about 5 Ways Homeowners in San Joaquin County Can Get Out of Debt.

Sell My House In Alameda County CA To An Investor

No matter which option you choose, make educated decisions by taking the time to understand all of your options. We’re here to assist you with your current situation. We are Alameda County home buyers and we can buy your house from you. This means that you can sell your house in Alameda County directly to us no matter your situation.

When working with Sell Quick California, you don’t have to worry about fees and commissions! You can get a cash offer in just a few days as we offer cash for houses in Alameda County CA.

Call Sell Quick California today at 1-866-497-8248 or send us a message to discuss selling your commercial property to a Alameda County Investor. We can go over your property and let you know its market value and get you on your way to selling your property.

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