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Real Estate Investors Amarillo TX 806-359-7653

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