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Archive for June, 2011

Are Real Estate Investors Trying to Scam You? | Real Estate Investors Amarillo TX

Wednesday, June 29th, 2011

If you have a house that you need to sell fast, or if your house needs a lot of work, you may want to consider selling to a Real Estate Investor.  If you list with a Realtor you may get more for your house but it may take six months or longer to get the deal closed.  If your house needs too many repairs it may not be able to be sold by a Realtor at all.  Every situation is different, but for many choosing to work with an investor can be a good option.  Considering the fact that your home is probably your biggest asset, it pays to chose wisely when considering Real Estate investment companies!

Let me say this… just because someone says they are a Real Estate Investor doesn’t always mean that they are a legitimate company.  I could tell you plenty of stories of people who tried to work with a rookie investor who ended up regretting it!

So how do you know if you are dealing with a reputable company?  Here are my top suggestions:

1.  Try to deal with only local Real Estate Investors.  This makes checking up on a company much easier.

2.  Ask for and call references.  This is so important.  A good company should have plenty of satisfied customers.

3.  Check with the Better Business Bureau.  This isn’t always a completely reliable source, but it is still a good place to start.

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.

8.  Make sure that they have the funds available to close.  A legitimate investor will not be offended if you ask to see proof of funds.  This may be the most important one of them all.  Many so called Real Estate Investors don’t actually have the funds available to close on a house.  They simply try to get it under contract and then sell the contract to someone else.

It is important to remember that not all real estate investment companies are bad.   We buy Amarillo houses but we also help people.  Sometimes we advise people to do something besides selling us their house.  They just look at us kind of funny.  But that’s just how we do it.  We have to live and work here in Amarillo 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.

If you are looking for a legitimate Real Estate Investor give me a call.  I would love to visit with you about your house.  You can call me at 806-359-7653 or visit my website at Amarillo Real Estate Investor.

Sell Your House Fast Without a Realtor | Amarillo TX Real Estate 806-359-7653

Monday, June 13th, 2011

The real estate market in Amarillo TX is kind of like that old grey mare… she ain’t what she used to be!  Now don’t get me wrong, houses are still selling.  But it the market is a little slow and competition is fierce.  We are now approaching a 9 month supply of inventory.  In other words, if no other houses came on the market it would take about 9 months for all of the existing houses on the market to be sold.   The last half of 2010 we were just over a 6 month supply.  The higher that number is the slower you can expect the market to be.  So this brings me to my point.  How can you sell your house fast in this market?  How can you sell it without using a Realtor?

I am probably asked this question at least once every day.  I could go on and on for hours about the mistakes that I see home owners make, but the biggest mistake of all is pricing the house incorrectly.  Many people price their house at what they would like it to be worth, or what it used to be worth, or what their neighbor’s house sold for three years ago.  They rarely take the time to do research.  Pricing a house correctly is a big key to getting it sold.  You have got to get the most you can but you also have to be realistic.  You need to look at market comparables in your neighborhood.  Try to look only at houses that are within 20% of the same size as yours, in the same condition, and that have sold within the last year.  If you price it too high you will miss out on the first 30 days on the market, which is the time that your house will get the most exposure.  Price it aggressively if you want it to sell quickly.  Even if you are just 5% below the rest of the competition your house will stand out.  If you would like more information on this subject visit http://sellmyamarillohouse.com/ or give me a call at 806-359-7653.

If you have a house that you need to sell fast you can also call me and let me make you an offer.  I can close very quickly and I take the house as is, so you don’t have to make any costly repairs.  I would be happy to give you more information.  You can call me at 806-359-7653 or visit me on line at sell your house fast Amarillo

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Contact Information

4105 SW 34th St, Amarillo, TX 79109 | 806-359-7653

wade@mitchellpropertygroup.com | emmy@mitchellpropertygroup.com