In this article we will point out how you can find out if these “we buy houses” companies owned by investors are credible.
Have you been driving around in Casa Grande, Arizona City, Maricopa, Eloy, Coolidge and other cities in Arizona seeing some billboards advertising companies owned by professional buyers or real estate investors who buy houses directly from homeowners? They would often say “We Buy Houses in Arizona!” or “Cash For Your House”, but how do you know if they’re credible?
So, how do you know if these “We Buy Houses” investors are credible?
A common question that pops up in a homeowner mind about “we buy houses” companies is “How do I know if the investors I will deal with are honest and credible?” They will all look the same in the beginning, but we will walk you through some of the things you can look for to help you decide if they are honest and credible enough for you to work with them.
Buying and selling houses is a serious and respectable profession that’s beneficial to communities, house sellers, and local homeowners in many ways. But just like any other line of business, there will be a minority of investors in any market who will lack trustworthiness and credibility, and could make the credible ones like us look bad.
While most of the time people will only look out for themselves, there are real estate investors and professional house buyers are really great. They are the ethical folks who improve their neighborhoods one property at a time. We’ll help you spot those credible investors.
We won’t lie and tell you straight up that there’s shady, dishonest people who also advertise “we buy houses” but put money ahead of the well-being of their clients and who would sign the contract to sell their own grandmother with one hand while stabbing you in the back with the other as long as they were making enough money.
Yes, they are out there. But we will make sure this will help you identify and avoid these “shady house buyers” so you can work with honest, ethical, and reputable local companies who can buy your house for a fair all cash offer and close on your schedule.
But let’s not focus on the negative. Let’s go ahead and cover exactly what the best house-flippers are doing.
What do reputable and credible professional house buyers and investors do?
- Good home investors help folks improve their lives by giving them access to the money they need right away. Homeowners often end up selling their houses because they need the cash from the sale to cover unexpected medical expenses, or to relocate for a job or to be closer to a relative or family member. Credible investors like us can make that happen in just a few days, and deliver peace of mind.
- Good home investors help sellers get rid of a burdensome property without the hassle. Like what we said in our article about why it is better to sell your house directly to real estate investors, having to list your with a real estate agent can take months and months for the sale to push through. But credible investors who say “we buy houses” can provide a stress-free and no cost way to sell your house fast.
- Good home investors create local jobs. Credible house buyers who are true investors will hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators and many other folks to get the deal done. The average real estate transaction involves 86 people from start to finish. Our investments help create real jobs for people in our Arizona market. Plus we buy houses to take care of them and the owners, so we make sure the job is done right.
- Good home investors buy US products and help the economy. We spend tons of money on materials that are made right here in the USA – that creates jobs in our timber mills, factories, supply shops, distribution centers and more. The US economy depends on steady improvement, and that requires investment from credible home investors like us.
- Good home investors increase the value of Arizona neighborhoods. When we buy houses and improve it, we’re helping increase the value of the entire community. We often repair abandoned and neglected houses, turning them into beautiful homes for families. That activity strengthens neighborhoods in the areas that we cover. As an example, you can be sure that we are credible by checking out our Facebook page.
- Good investors increase the tax base. When a new buyer takes over one of the properties we acquire from our “we buy houses” campaign, they’ll pay a higher tax rate based on the new and improved value we put the work on. Those taxes go to pay for our schools, fire, police, libraries, streets and other valuable pieces of infrastructure. Thus continually improving our neighborhoods.
Pretty cool stuff, right?
People might think of house-flipping as a get-rich-quick scheme. Unfortunately that idea is just fueled by silly “reality” shows that amp up the drama. The reality of what we do on a daily basis as credible professional home buyers is actually pretty boring. Most of our work is coordinating with people to make sure things are happening on time. We have to keep track of all the moving parts to succeed in our “we buy houses” campaign.
So let’s get back to how you can use this information to find out if someone is a credible investor, and not just pulling a house buying scam.
How do you make sure you’re working with a credible local house buyer?
When you talk to a local house buyer who market the “we buy houses” tag line, be sure to ask them some of the questions below to ensure they’re reputable, knowledgeable, and credible.
- How do you help your clients?
- What do you do for people?
- Can you tell me more about your services?
- What aspect of your business makes you the proudest?
- How would you describe your investment philosophy?
- How can I know that you’ll close on my house when you say you will?
Also, look for tell-tale signs of tactics that those few shady operators tend to use.
- “Kitchen table closings” – If a property buyer tries to get you to sign the deed (ownership) of your house over to them at your house, rather than a professional place like a closing attorney or title company, be leery. Most credible house buying services will perform the actual closing of the sale at a neutral 3rd party place like a title company. This ensures everything is done right and on the up and up.
- Pressuring you into a fast closing – If a house buyer tries to pressure you into selling your house and says that you have to make the decision today, be leery. Most credible house buying services will make you and offer and that offer will be on the table for at least 2-7 days for you to make a decision. The only reason credible house buyers like us place deadlines on our offers is because the market changes and values can change week to week depending on other sales in the area. We also buy multiple houses a month and when we make you an offer we’re assuring you that the cash to purchase your house is ready, and we can reserve that cash for you only for several days so if you do decide to sell your house, we can close on your schedule. If you feel the offer isn’t a fit for you, then we’ll assign those funds to help another seller with their home sale.
Most scammers are looking for a quick score, and not an in-depth interview. Chances are good that they’ll find excuses to get off the phone and move on to someone who doesn’t ask too many questions. True investors who run honest and ethical house buying services in Arizona. Building long-term businesses based on relationships and community development take a lot of work.
So when you’re looking at one of the “we buy houses” companies, never be afraid to ask questions. You can ask us too! We buy houses in Casa Grande, Arizona City, Maricopa, Eloy, Coolidge and other cities in Arizona.