If you’re in a financial bind, can’t fix up your home, or just want a quick sale, it can be difficult to finally get rid of your house. That shouldn’t keep you from moving, though. Rather than dealing with realtors and the bank, you could just sell to a buy-as-is company. But how can you be sure that you’re working with a trustworthy and reputable business?
Never work with an unaccredited or poorly reviewed house buying company. Home buying companies should be transparent and fair in their offers and never make you feel pressured into selling. Do your research ahead of time to know who you’re dealing with and avoid potential scams.
In this guide, we’ll walk you through some of the key indicators that you’re working with a top-quality home buying company. If you don’t feel good about a company, trust your gut and move on to another offer. It’s not worth falling for a scam.
It may sound too good to be true but there are many legitimate businesses that will buy your house as-is for cash up-front. You must work with one of them. Find a legitimate buyer that will purchase your home no matter what their condition or financial situation. Just let us know and we’ll come to assess your home.
House buying companies typically make their money by fixing up and reselling homes that wouldn’t sell on a typical market. Sometimes, though, we even buy homes in pristine condition that just couldn’t sell fast enough for their former homeowner. It all depends on the circumstances. However, not every home buyer is as trustworthy and credible as you’d expect. Make sure to review a company and the REVIEWS before settling on one.
Home Buying companies are accredited and licensed under state laws, meaning they are subject to audits, taxes, regulations, and all other forms of government guidance. You just have to know what to look for before dealing with a company.
We spoke to a verified and legitimate we buy houses company in Albuquerque, NM who stated, “There are a lot of questions around real estate and specifically some unanswered ones about the we buy houses industry Many revolved around if a home buyer is legitimate. I can not talk for other companies however I know that myself and some of my associates strive hard every day to give the people of New Mexico, and Albuquerque more specifically a safe, honest, fair, and legitimate solution for them to sell their homes”
Before dealing with a home buying company, always do your due diligence and research their accreditations and customer reviews. All home buying companies should be licensed under the same state laws that regulate standard real estate agencies. If you cannot find the accreditations on their website—or they do not have a website—be wary of doing further business with the company.
It also benefits to read some customer reviews. Start with the Better Business Bureau. The BBB is an American non-profit dedicated to verifying the legitimacy of businesses and rating the ethics of their standard operating practices. From there, go on to read typical reviews on Google or Facebook. You’d be surprised how much insight the average consumer is willing to share about shady businesses.
In this business, transparency is everything. We know that not everyone selling their home for cash is in the best financial situation so don’t let a business take advantage of you. Whoever you sell to should be upfront and honest about their offer, explain how they’ve reached that value, and listen to your input on how much you think your home is worth.
If they can’t give you clear information about the local market or seem to be lowballing you, decline their offer and find a different home buying company. At the end of the day, your home is still your home and you have the right to earn as much as possible from it.
Find a cash buyer or investor that always appraises homes based on their current condition and the state of the housing market. The should first assess how much work will be required to flip the home as well as the value of any outstanding liens. Then subtract that amount from our offer and present it to you.
We had the pleasure of talking to the owner of Simple Homebuyers, Jeff Johnson, who stated, “Transparency is a hallmark of how we buy houses. We have nothing to hide because our process is designed to porvide fast and fair solutions to homeowners in Maryland that need to get rid of any type of property. I see no advantage to playing games so its a matter of What You See Is What You Get when you sell your house to us.
Thanks Jeff. It is refreshing to find business owners that still put the customer first!
For more information on how Jeff and his awesome team work you can check them out at: www.simplehomebuyers.com/sell-house-fast-in-washington-dc
This should go without saying but if you feel as if you’re being coerced into selling, turn and run the other way. No business should make you feel as if you have to accept an offer for your home. You have every right to turn down their cash and find a better deal elsewhere.
If anything, you hold all the cards in the deal. Even if you are close to foreclosure, the property is still in your name and you can do with it what you like. Never work with a company that tells you to take their deal or lose your home. These are scare tactics intended to weasel you out of your house.
Instead, work with a reliable company that never pressure our clients to accept an offer and, instead, listen to your needs to help get you the best cash value possible. We treat our clients like family and give them the respect they deserve.
Many businesses advertise themselves as home buying companies yet they might not be willing to work with you if your home isn’t in top condition. This can be a major problem if you’re trying to sell a home that needs some work. After all, many people looking to sell an as-is property don’t have the time, energy, or money to invest in repairs.
Therefore, be sure to find a company that buys homes in disrepair. Even if it takes some digging, you’ll eventually find a business that deals with unfinished, aged, and damaged properties. You might not get as much as you originally paid for the home but selling is a quick and easy way to get cash for your house.
Find someone that buys houses no matter what their state. They should be willing to purchase unfinished constructions, old and antique homes, and even houses damaged by storms, fire, or termites and pests. They’ll assess the damage and make a fair offer based on the amount of work it’ll take to resell your home
If they’re not willing to meet in person, don’t sell! You shouldn’t trust a business that only offers flat rates without inspecting your home. Meet with a representative beforehand to guarantee that the business is legitimate. Even if you’ve spoken on the phone, you should still set up a meeting so they can appraise your house in person.
When you sell to a legit “We Buy Houses” Company, they’ll reach out to you and set up a time that fits your schedule to come by and inspect your home. You’ll meet with one of their trained staff and then go through the process of valuing your property. They’ll make an offer in person and give you the time to think it over.
Choosing to sell through a home buying company can save you a lot of time and help get you out from under a troublesome property. Just because it’s easy, though, doesn’t mean you shouldn’t do some research ahead of time. Always verify that you’re working with a legitimate business like one of the verified home buyers found here.
You can always do your own research on home buyers in your area by looking a real estate citations and business reviews which will give you insight a to whether you should work with that particular buyer or not.