by Scott JacksonMay 2, 2012
Just because someone says they are a ‘We Buy Houses’ company doesn't mean that they are a real company. Sometimes they may be nothing more than a scam artist.
A retired couple in Amarillo found themselves in a difficult situation. They needed to sell their house in Amarillo so that they could move to San Antonio to be closer to their children. Since their house needed a lot of work and they wanted to sell it fast without using a Realtor. They searched the internet for a ‘We Buy Houses’ company to buy their house. "We figured the bigger the better," said Don, a retired mail carrier. "This particular company looked reputable. They were all over the internet, so we went with them. We didn't realize that they were not who they pretended to be. When their house didn’t close as scheduled Don and Sharon knew something wasn't right. After some investigating they soon found out that the company they were using never intended on closing the house. They were merely trying to sell the contract to another real estate investor.
Don and Sharon called the Better Business Bureau and found a local Real Estate Investor who was able to buy their house a few days later. "Turned out that we had more equity then we first thought. We almost lost everything we had worked so hard for," said Don.
Wade Mitchell, a local real estate investor with Mitchell Property Group, says that situations like this are more common than you might think. "We get calls like this every week," says Mitchell. "Some so-called ‘We Buy Houses’ company didn't close on a house. A homeowner was left hanging and they want to know if we can help them. The problem is that many Real Estate Investors can't get loans to buy houses so they just try to make a quick buck by selling the house before they buy it. They just want to be the middle man. They have no intentions of closing on the houses they put under contract. It sounds crazy but it actually happens."
So how do you know if you are dealing with a reputable company? Here are some suggestions:
1. Try to deal with only local ‘We Buy Houses’ company. This makes checking up on a company much easier.
2. Ask for and call references. A good company should have plenty of satisfied customers.
3. Check with the Better Business Bureau.
4. Insist on using a local title company.
5. Meet the person face to face if possible.
6. Ask lots of questions. If something doesn’t seem right, it probably isn’t.
7. Have a local attorney review the contract if anything seems suspicious.
It is important to remember that not all ‘We Buy Houses’ companies are bad. "We want people to know that there are still good real estate investment companies out there. We buy houses but we also help people," says Mitchell. "Sometimes we advise people to do something besides selling us their house. We have to live and work here in this community with the same people we help. We are very much a local company. People can stop by our office for a cup of coffee anytime. But the bottom line is that our deals close on time. We do what we say we'll do. That's why we are still in business."
Amarillo house sellers looking to sell their house fast, or wanting to sell for cash, can call Mitchell Property Group at 806-359-SOLD(7653)for a free consultation. When it comes to buying or selling Amarillo houses Mitchell Property Group does it all. They work with situations such as divorce, foreclosure, job loss, inherited property, bankruptcy, vacant houses, and more. They offer solutions such as short sales, aggressive listings, cash offers, and a variety of other services. Visit http://www.SellMyAmarilloHouse.com or call 806-359-SOLD (7653)
News Source: http://www.free-press-release.com/news-are-we-buy-houses-companies-legit-we-buy-houses-amarillo-tx-1335990709.html
Official Website: http://www.sellmyamairllohouse.com
|Company:||Mitchell Property Group|
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