“Oh, do you work for those people who buy houses?”
This is a question I frequently get asked when I tell my friends where I work.
I recently read an article on “Why People Sell Their Homes to Investors”. It answered (kind of) whether or not you should trust homebuyers (investors). However, I didn’t think it was very accurate and I want to respond. Below is a quote from the article:
Those “We Buy Houses Fast” Signs
Drive down just about any major road in this country and you’ll probably see the signs: “We Buy Homes Fast!!”
They’re often loud and obnoxious. They offer quick cash settlements. Sometimes they mention unsightly homes. Have you ever considered calling the number on one of those signs? Ever wonder what they’re all about?
Real estate investors put up these signs. There are a million flavors of real estate investors but these signs most likely belong to a real estate flipper or a wholesaler and they’re looking for the really incredible deals. If you’re looking to get top dollar for your home, then don’t waste your time calling these guys. If you have a home that needs major work and you don’t have the time or desire to deal with tire kicking home shoppers, home inspectors and contingencies of all sorts, then these guys might be worth considering.
Call the number on a sign that offers a quick, cash closing and you’ll probably get someone who will offer you about 50 to 60 percent of what your home is worth in top condition. It’s very unlikely that you’ll be offered any more than that.
What I Thought About the Article
After reading this article, I can tell you that we are NOT like the home buyers described in this post. Unfortunately, comments were closed. So I thought I’d write about it! At Big State Home Byers we are committed to an extremely high level of service.
It costs money to repair your home and prepare it for sale, and if you don’t have the resources…you’re stuck. Even if you are able to sell it yourself, sellers continue to pay for the house and for repairs until the house is sold, putting you further behind financially.
In many cases, such as when someone inherits a property, the family members do not want to maintain the house. Going to probate means waiting months, paying money out-of-pocket for a house you don’t want and paying expensive legal fees. Selling the property to an investment home buying company saves time and money.
It’s true that you can get more money if you prepare your home to sell it on the traditional market. But that’s the thing: some people don’t want to do that, or they can’t.
We buy houses from people with distressed homes, but we also buy inherited properties and properties that people simply need to sell quickly. Some houses that are in in great condition are sold quickly for tax purposes, or so the owner can pay for their child’s college education or sickly parent. There is a wide range of circumstances that bring people to Big State Home Buyers’ door.
We know when we are getting a good deal on a property. But we also know when YOU are getting a good deal on a property. The market in Houston for selling houses is fabulous. That is why we can pay you top dollar in comparison with other homebuyers in Houston. If someone gives you a higher offer, watch out. Our acquisition specialists are experts in the market. If you get a better offer we will reevaluate ours, but be weary of any offer that is significantly higher than ours.
The link to the post mentioned above is here: http://www.washingtonpost.com/blogs/where-we-live/post/selling-a-home-to-a-real-estate-investor/2012/12/11/5907944e-40bb-11e2-a2d9-822f58ac9fd5_blog.html