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Archive for March, 2012

Sell My House Fast Amarillo! 806-359-7653

Thursday, March 29th, 2012

How can you sell your house fast? That is the question. Real Estate is not a very liquid asset. It usually takes a while to get a house sold. But some people can’t wait for months and months for their house to sell. They need it sold immediately. That’s where we can help!

We buy Amarillo and Canyon houses from people just like you. We can buy in just about any area, any condition, and any price range. We are very easy to work with. When you call us you will get an offer usually within the same day. You don’t have to make any repairs or even clean the house. We pay all of the closing costs and take care of everything.

Now I know what you may be thinking. You think I am going to make you some low-ball offer right? Well that is not the case. It is true that we have to buy houses at a discount in order to be able to fix them up and put them back on the market and hopefully sell for a profit. But when you compare our offers with what you would actually get after paying a Realtor and making repairs you will see that our offers are very fair. When you sell your house to us you have a check in just a few days, not a few months! Even if we can’t buy it from you we can probably give you some ideas that you haven’t thought about.

So if you need to sell your house fast give us a call today at 806-359-SOLD(7653). You can also visit us online at sell my house fast.

Should you sell your Amarillo house to a Real Estate Investor?

Friday, March 23rd, 2012

I get calls every day from people who want to sell their house. Most of these don’t want to wait for 6 months to sell their house. They want it sold in a few days. That’s why they call me. Of course I would love to buy every single one of them, but sometimes it just doesn’t make sense for someone to sell to a Real Estate  investor like me.

How can you know when selling your house to an investor makes more sense than listing with a Realtor?

If your house is in a nice area, in good condition, and (here is the big one) you have time to wait for a higher offer, then you need to list it with a Realtor.

On the other hand, if your house is in a marginal area, or it needs repairs, or you just want to get it sold quickly, then you need to let me make you an offer. Now I know what you are thinking… A Realtor can get you way more money, Right? Well, let’s take a look and see.

First of all, the nation average for discounting a home is 5%. Most Realtors are going to charge you 6% to sell your house. You can figure about 2% to pay your own closing costs. You can also count on buyers needing you to pay up to 6% for their closing costs. If you don’t believe me just ask around. That’s the new way the Real Estate market works. Buyers just don’t have the money to pay for their closing costs. So you are losing around 19% to the transactional costs. Then you get hit with a list of repairs from the new buyer. This can add up to some serious money. Even if you don’t pay the full 6% for buyer closing costs and you don’t negotiate the full 5%, you are still going to lose around 15%. And you will sometimes have to wait up to 6 months or longer for your house to sell. Many people aren’t in a position to wait that long.

People who sell to me have several advantages.

1. They get to pick when they close. Since I pay cash I can close in as little as 3 or 4 days or I can close in 2 months. Some people need to be able to know that their house will sell, for sure, on a certain date. The timing in a Real Estate transaction can be just as important as the price.

2. I take the house in it’s as is condition. That means that the seller doesn’t have to make any costly repairs. They don’t even have to clean up.

3. I handle all of the paperwork and details. I make things as easy as possible. From writing the contract to working with the title company, I handle everything. The seller can just focus on other more important things.

Now I know what you are thinking. You are thinking that I offer half of what the houses are worth right? I mean, if I were in your shoes I would be thinking the same thing. So the million dollar question is, “How much do you offer for houses?” I get that question a lot. It depends on the area and the condition of the house. I do have to get the house for a price that allows me room to fix it up, put it back on the market, and babysit it until it sells. So yes I have to buy at a discount. But when you compare my offer with what you would actually NET (walk away with) if you were to sell using a Realtor, you would see that my offers are very reasonable. I am doing the job of a general contractor and a Realtor all in one. If you were to add up what you would really spend if you were to call a contractor to make repairs and then sell using a Realtor, you would see that selling to me is not such a bad idea. And the big bonus is that you can have your money now instead of 6 months down the road.

If you are still on the fence, you should give me a call. I would love to visit with you. You can call me at 806-359-7653. You can also visit my website at Sell Your Amarillo House

Real Estate Investors Amarillo TX 806-359-7653

Tuesday, March 13th, 2012

Real Estate Investors Amarillo TX

I get calls every month from people who tried working with a brand new Real Estate investor.  This person made big promises but in the end, the deal didn’t close and the homeowner was left holding the bag.  They call me looking for help.

The problem is that many 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.

This is called an assignment of contract.  In a nutshell, one person gets a house under contract and then sells the contact to another investor.  I can tell you right now that you don’t want to be in the middle of a deal like that.  You are basically dealing with a person who is not is not able to buy your house.  They put up very little earnest money and are willing to walk away if they can’t find another investor to sell it to.

So how do you know which company to work with?  You have got to make sure that you are selling your house to an established, reputable company.  You need to make sure that they have the funds available to close and that they do indeed plan to close on the house themselves.

Here are some things to keep in mind:

1.  Try to deal with only local Real Estate Investors.  This makes checking up on a company much easier.  I personally wouldn’t deal with someone who wasn’t local.

2.  Ask for and call references.  A good company should have plenty of satisfied customers.  I can give you a list of references a mile long.

3.  Check with the Better Business Bureau.  Just because someone has a fancy ad doesn’t mean that they are a real company.

4.  Insist on using a local title company.

5.  Meet the investor face to face if possible.  There are too many scams out there.  Meeting face to face makes it much harder to be scammed.

6. Ask lots of questions.  Don’t take anything for granted.

7.  Have a local attorney review the contract if anything looks suspicious.

8.  Don’t work with anyone who wants to put a sign in your yard and sell your house to someone else.  That is just ridiculous.

It is important to remember that not all real estate investors are bad.  When we write a contract on a house, we intend on closing that deal.  We have the funds available to buy it.   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.  We can give you dozens of references.

If you have a house to sell in Amarillo or Canyon,  give us a call.  We would be happy to make you an offer.  You can call us at 806-359-7653. If you are a little shy but still want some more information you can visit my website at Amarillo Real Estate Investors.

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Contact Information

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

wade@mitchellpropertygroup.com | emmy@mitchellpropertygroup.com