We Buy Houses companies seem to be popping up more frequently. If you’ve been thinking about selling a house, should you consider one of these buyers?
We Buy Houses
We Buy Houses companies are more visible today. You might have seen ‘We Buy Houses’ signs posted at local street corners, billboards on your commute to work, letters in your mailbox, ads on Facebook, or stories in the news about them.
They appear to be becoming a far more normal solution for selling a house today. So, who are these companies? What do they really do? Are they a good choice for selling your home? How do you find the best buyers for your property?
Who are Home Buying Companies?
Who is behind these ads and services?
There are actually several slightly different types of companies you might see proclaiming ‘We Buy Houses’ out there. The first are your regular local home buyers. They are typically direct real estate investors. They look to help people by buying their homes directly, fixing them up as needed, and then either rent them out, or pass them on to good families in need of a safe and affordable place to live. These people are your neighbors, one of the people you might have seen in your yoga class, or said hello to at your local Home Depot store on the weekend.
The second type are franchises of national chains. They’ll occasionally make a splash with billboards and maybe even TV ads in an area, before moving on to the next. New investors pay them to join their brand and set up their own shop locally based on the system. Very much like a McDonalds for real estate.
More recently we’ve seen some younger guys out of Silicon Valley trying to move into real estate with various websites enabling home sellers to get quick offers online. They often have big money investors behind them they resell the properties too.
How to Find Quick House Sale Companies
Sometimes it’s not too difficult to spot these home buyers locally and online.
You might find them:
- Via street signs in your neighborhood
- Being mentioned in the newspaper
- On websites like Craigslist
- The Yellow Pages
- By using Google search on your computer or phone
- By asking Alexa, Google Home, Siri
- At AreaCodeHomeBuyers.com
Just keep in mind that not all we buy houses companies will offer their service in all cities, price ranges, or for all property types. Sometimes you have to find the right fit. Still, it is always smart to get a couple offers from trusted companies and buyers to make sure you are getting a fair deal.
The Pros & Cons of Selling a Home to a We Buy Houses Company
There can be great advantages of selling a property to these buyers. Other times it isn’t the perfect fit. It really depends on the property, your situation, and finding the right buyer.
- Fewer eyeballs to bid on your home
- If you are not in a hurry, your house is in brand new condition, and just want to sell your house for top dollar you might find another solution fits better
- You can avoid expensive Realtor fees
- They just want to buy your home, not list it on the MLS like an agent
- They will typically buy your home in any condition, as-is
- These are normally cash buyers, who can give you all your money in less than 2 weeks
- No worries about a novice buyer’s financing falling through, or getting cold feet
- Limited, or no inspections
We Buy Houses Reviews
Are these home buying companies for real? Or is it all a scam? Sometimes things sound too good to be true.
While it is always important to be alert to real estate fraud schemes and potential mortgage scams, there doesn’t appear to be a big issue here.
From checking out reviews on Google, Yelp, Yahoo, etc., the two biggest issues are finding the right fit, and making sure you are doing businesses with a reputable company or person. For example; a quick house sale company may only do business in Chicago, Phoenix, or Spokane. Or they may only want to buy houses below or above a certain price point. The more information you provide upfront, the more time you’ll save.
Find the reputable and trustworthy we buy houses companies by asking for references from others. Or they may be able to show you a proven track record of successful transactions you can actually verify in local county public records.
Don’t be afraid to walk away if they don’t do what they say. Leave honest reviews so that others know whether they should use the same company or not.
If you want to sell your home swiftly, and without dealing with fixing it up, doing open houses, or paying out big commissions to Realtors, then a direct home buying company can be a great match. Normally you can get a quick cash offer from them in a matter of hours or a couple of days. Be sure they have the relevant information to make an informed offer, and check their reviews before signing the sales contract.
Whether you just need to sell to relocate for work or be near family, are in a cash crunch or foreclosure situation, have inherited a property, or just want to see how much you can get in cash for your house right now by contacting us today: