Homeowners may be familiar with postcards, calls, texts, or signs promising a fast cash sale with messages like “We Buy Houses.” While many cash home-buying companies operate legitimately, some use high-pressure or deceptive tactics that can put a homeowner’s equity at risk.

In a recent article published by The Baltimore Times, Courtland Merkel, MVLS Housing and Consumer Attorney, explains what homeowners should watch for before agreeing to sell their home.

Courtland highlights several warning signs, including pressure to sign immediately, last-minute changes to an offer, limited information about the buyer, unrealistic promises, and a lack of proof that the buyer has funds available to complete the purchase.

Most importantly, homeowners do not have to make a decision on the spot. Courtland encourages homeowners to get offers in writing, compare them with the home’s estimated market value, and seek independent advice before signing a purchase agreement. Talking with a trusted attorney, real estate professional, housing counselor, or family member can help homeowners make a more informed decision.

Read Courtland’s full article in The Baltimore Times: “We Buy Houses” Scams: Protect Your Home and Your Equity

If you are facing a housing or consumer legal issue, Maryland Volunteer Lawyers Service may be able to help.