When you’re ready to sell, you breathe feel a sigh of relief when someone promises to buy your house. But remember, even the most well-intended verbal agreement (from a neighbor or family member, for instance) isn’t a guarantee unless they’ve signed a contract.
It’s unfortunate, but at Mitten Made Properties we’ve worked with a lot of homeowners who counted on someone’s promise to buy their home – a promise that never came through – wasting the seller’s time and money.
Here are a few signs that someone isn’t fully committed to purchasing your property, regardless of what they say.
They Won’t Sign a Contract
If the person keeps promising to buy your house, but they won’t put pen to paper and sign a contract, that’s a very strong sign that they’re not taking it as seriously as you might hope. For your own sanity, we recommend not counting on any offers until they’re in writing.
They Always Have an Excuse
If the person always has an excuse as to why they can’t buy “quite yet” or they say to just “trust them,” that’s a pretty good sign that you SHOULDN’T trust them.
They Keep Asking You to Drop the Price
If the intended buyer keeps trying to negotiate the asking price lower and lower every time you talk to them, it’s time to find another buyer.
While it can be a good sign when someone promises to purchase your home, we recommend continuing to seek other avenues for selling right up until the contract is signed.
That might include working with a real estate agent or a professional homebuyer. In fact, at Mitten Made Properties, we buy homes in Metro Detroit for cash. Because we don’t need a lender, once we make you an offer we can close in as little as two weeks, and we’ll even pay all the closing costs. So if a buyer has let you down, call us at (248) 883-3340 to see how we can help!