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Rip-Off Alert | Scammers offering 'cash for your home' in a new kind of con

Las Vegas housing prices are expected to rise this year and that could open the door to a new kind of con. If the offer is too good to be true, it likely is. (KSNV file)

Las Vegas housing prices are expected to rise this year and that could open the door to a new kind of con. If the offer is too good to be true, it likely is.

One couple was faced with an offer they thought they couldn't refuse -- cash for their home.

What was the problem? The story from our Sinclair sister station in Seattle explains.

Jim LaCour and his wife figured they would consider selling after another year, but their certified financial planner Nancy Dienes gave them a warning at the time.

"Some of the information I've read indicates that a cash offer is going to be somewhere between 70 and 80 percent of what the fair market value would be," said Dienes.

"Based on offers I've received, some investors don't give up, even if you ignore them," said a representative with a real estate company in the area.

But without independent research about the true market value of your home, ignoring unsolicited offers is the best thing to do.

Today, LaCour and his wife live in a smaller home. They downsized to a condo last fall. They sold their old home for the full asking price.

Looking back, LaCour is very glad he ignored cash offers from strangers.

"We would've lost money," said LaCour.

Bottom line -- fast cash and no repairs may sound like a good solution but never say yes unless you know what your property is really worth, and have an independent professional to represent your best interest.

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