I had a company contact me after I started looking online, and at first, everything seemed great. The buying department was very pleasant, everyone I spoke with was polite, and the process felt almost too perfect. I thought, “No way—this seems legit.”
At the time, I was in the middle of putting siding on my home, and overall it only needed a few small repairs. As we got closer to closing, though, things started to change. The reps began stumbling over their words, and I started to feel nervous. Then, instead of moving forward, they stalled until the closing date passed. After that, they told me they weren’t buying the house at all—a third party was—and that the third party had backed out. Their solution? They wanted me to either extend or cancel.
Here’s the worst part: I had already taken out a $4,000 loan to finish the siding, because they asked if it could be done before closing. I made sure it was completed on time, but now I’m stuck with a loan I can’t afford and no guarantee the house will even sell to them. They also refused to stand behind a few key promises that would have given me security in the deal.
At this point, I feel like I could even lose my home—and if that happens, they’d be able to swoop in and buy it cheaper. That’s how it feels to me.
So my advice? Be very careful if you decide to work with them. There might be good companies out there, but based on my experience with We Buy Houses, I’d say: RUN.