If they can't show a bank statement proving they have the cash, they might be "wholesalers" who don't actually have the money to buy your house.
Expect roughly 70% of the market value , minus the cost of repairs. ✅ Pros (Why people use them) we buy houses
Legitimate cash buyers never ask for money upfront to make an offer or "process" the sale. If they can't show a bank statement proving
Once you contact one, you may be added to investor lists and receive frequent unsolicited calls or texts. Red Flags to Watch For Once you contact one, you may be added
"We Buy Houses" is a legitimate real estate business model, but it is . It functions like a pawn shop for real estate: you trade a significant amount of your home's equity for extreme speed and convenience. ⚡ The Bottom Line
Their business model is "buy low, sell high." You will likely walk away with thousands less than you would on the open market.
Sellers in a "bind" (foreclosure, probate/inheritance, bad tenants, or major damage).