Industry Tips

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REAL ESTATE INVESTMENT BROKERS

The Better Business Bureau of Southern Piedmont and the North Carolina Attorney General's Office suggests that consumers "Don't Fall For Empty 'We buy homes' Promises".
When people need to move quickly because of a new job, or sell their old home so they can close on a new one, offers such as "We'll buy your home in 7 days," or "Sell your house without having to go through a bank" may sound tempting. But if you're in the market to buy or sell your home, beware of claims that sound too good to be true.
To avoid being stung, be very skeptical about doing business with companies that tell you to make your mortgage payment to them instead of the mortgage company. Another warning sign to watch out for: the company asks you to transfer your property deed or title to them or to a trust they've established.
The North Carolina General Assembly is also considering a bill that would provide additional safeguards for homeowners who wish to sell their homes through real estate resale dealers. The measure, House Bill 725, would require resale dealers to make disclosures to customers and obtain a bond that could be used to pay refunds if needed.

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As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.