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Mitchell Property Group | Do You Need Help With Real Estate?

September 3rd, 2015

Wade and Emmy Mitchell, Mitchell Property Group

How can we help you? Do you have a Real Estate problem that you need help with? Maybe you don’t need to sell but you have a different kind of problem? Here are some common questions that we get:
1. Who is a good real estate attorney?
2. Do I need to probate this will or is there another way that is cheaper?
3. How to I write a contract to sell my house to my friend?
4. Should I sell my house or rent it out?
5. Should I make improvements or sell my house as is?
6. How do I sell my house on my own?
7. Should I sell my house to an investor or list with a Realtor?
We don’t mind helping you with any question that you may have. We have been in business for a long time and we have seen all sorts of unusual situations. If we don’t know that answer we probably know of someone who does! Give us a call at 806-359-7653 or visit us online at Mitchell Property Group

 

Flooded Houses, Tall Weeds | We Buy Flooded Houses!

June 1st, 2015

I drove by a sign the other day that read ‘pray for rain.’  It was in a yard that had about 6 inches of standing water.  Rain in the Texas Panhandle is always a good thing.  But this much rain can reek havoc on older houses.

Flooding is the biggest problem.  Amarillo does not have the best water drainage.  In fact there are many neighborhoods that flood every time it rains this much.  This can cause problems like damaged foundations, black mold, and rotten base plates just to name a few.  Another problem is out of control weeds.  This is especially true on vacant properties.

If you have a house that has water damage that you would like to sell call us!  We buy Amarillo houses ‘as-is’ and we close fast.  Call us today at 806-359-7653 or visit us online at We Buy Flooded Houses.

We buy Amarillo houses!

We buy Amarillo houses!

We’ve Been Buying Houses For 15 Years! Thank You Amarillo!

April 29th, 2015

15 Years ago we started buying and selling houses in Amarillo.  The first few houses we bought were such a struggle.  It was hard to find houses to buy.  It was even harder to find the financing to get them bought.  And since we did most of the work ourselves, the remodel process was brutal.  At that time I was working 60 hours per week in a job that I hated.  Emmy was pregnant with Carson.  I would get off of work at 8:00 at night and we would go work until midnight or later.  It would take us months to finish each house.  To be honest, we had no clue what we were doing.  We made so many mistakes.  In 2003 Emmy got her Real Estate License.  For the next three years she ran the business while I worked.  It was very discouraging at times because it seemed like we were not making much progress.  What made it even more difficult was that we had two toddlers.  Finally in May of 2006 I was able to quit my job and start doing Real Estate full time.  We soon found out that being in business for yourself is not as glamorous as people think.  There have been many challenges and setbacks that we have faced in the last 9 years.  I never will forget when the financing crises of 2008 hit.  At that time we had 15 houses on the market.  It is only by the grace of God that we were able to survive!

In the last 15 years we have bought and sold hundreds of houses.  We have met some amazing people along the way.  Every year I stop what I am doing and write a ‘Happy Anniversary’ blog.  We will never stop being thankful!  If you have a house that you need to sell call us at 806-359-7653 or visit us online at We Buy Amarillo Houses.

Wade and Emmy Mitchell Mitchell Property Group Amarillo TX

Wade and Emmy Mitchell
Mitchell Property Group
Amarillo TX

Are Vacant Houses Safe? | We Buy Amarillo Houses

March 2nd, 2015

It was Thanksgiving night in a nice neighborhood in Southwest Amarillo. We were about halfway through an extensive remodel when someone kicked in the back door and vandalized our house. They knocked out most of the windows including a large picture window in the front of the house. They knocked holes in the sheetrock. The bathroom plumbing was all exposed because we had gutted the bathroom. They shoved old rags and debris down the toilet drain lines. Then they went outside and turned on the water meeter and flooded the house. Luckily our foreman drove by the next morning and turned off the water. Otherwise it would have gone unnoticed until Monday. The damage totaled over $10,000.

The crazy thing is that this has happened to us many times over the years. It can happen in good and bad neighborhoods. Sometimes the damage can be much worse. Thank goodness our insurance policy covers vacant houses. Unfortunately most homeowner policies do not. The only thing worse than vandals is squatters. We have had many people squat in our houses over the years!

If you have a house that is vacant you should call and make sure your insurance policy covers vandalism. The best thing to do is sell it, rent it, list it, or move into it. Bad things happen when houses sit vacant too long.

If you have a house that you need to sell call us at 806-359-7653 or visit us online at We Buy Amarillanother broken windowo Houses

Think Only Stupid People Sell to Investors? Think Again! | We Buy Amarillo Houses

February 2nd, 2015

I hear this a lot. “Only an idiot would sell to an investor!” Or “Why would anyone leave all that money on the table?”
I was eating lunch with my wife on a Friday at Abuelos. It is her favorite place to eat and it’s close to our office so we try to go as much as possible. My phone rang and I immediately hit silence. I noticed it was a Realtor I have worked with over the years. After lunch I called her back. This is the scoop she gave me. Her house was in a nice part of town. She had lived there for 15 years. It was not in terrible condition but it was not updated. She had found a great deal on a new home that required her to act fast. She wanted me to come give her an offer.
When I met with her to look at the house it was just as she had described. It was dated. It needed paint, flooring, and updating in the kitchen in bathrooms. It also had an older sewer line. I asked her why she didn’t just list it herself. She said “Oh honey, on a house like this it never works out like you think!” Now keep in mind that this is a very seasoned successful agent. Why would SHE sell to an investor. Because she is smart!
First of all she needed to sell fast. If she listed the house she knew it would take a few months to get closed under the best of circumstances. She also knew that homeowners would hire an inspector who would pick her house apart. It happens all the time. She knew from experience that by the time she paid a Realtor commission to the selling agent, made lender required repairs, and paid closing cost that she would end up right back at the same price that I was offering her. Besides I offered to pay ALL closing costs. In other words, she would NET the same either way but my offer was faster and much easier. Smart sellers and agents focus on the NET price, not the contract price.
The following Friday I met her at the title company and we closed. She walked out with a check and I took my wife to Jason’s Deli. It’s right next door to the title company.
There are many times when someone has a house that doesn’t need work and they have plenty of time to sell it. In those cases they should use a good Realtor. I recommend giving my wife a call. She is a great agent! But when the house needs work and time is of the essence do what the smart Realtors do… Call me!
Call 806-359-7653 or visit me online at We Buy Amarillo HousesWe Buy Amarillo Houses.

Merry Christmas From Mitchell Property Group!

December 23rd, 2014

Christmas is one of my favorite times of the year. The housing market slows down so it allows me to take time off to spend with my family which is my favorite thing to do! Throughout the year we get a lot of calls from people who need to sell their house. We see a lot of families facing some very hard times during the holidays. Every year we choose a few families who we can help. We believe it is very important to always give to those who are in need. As much as we like to buy houses we like playing Santa Clause even better. This year we were able to help three families. One family received a car load of groceries and clothes for their four kids. Another family received a new gas stove, clothes, and groceries. The last family received clothes, groceries, and a Wal-Mart gift card. Each family had a different situations but every one of them needed help.
At this point you may think that I am bragging but I am not. I am just very thankful that the Lord has blessed our business enough this year so that we could help these families. I want to challenge you to give back this Christmas. If you can’t give money then give of your time. If you have never done this type of thing you will be in for a treat. I promise that you will end up being the one who receives the biggest blessing.
Merry Christmas from all of us at Mitchell Property Group. Remember that Jesus is the true reason for Christmas. Without Him we would all be lost.

If you have a house that you need to sell give us a call at 806-359-7653 or visit us at We Buy Amarillo Houses

We Buy Amarillo Houses | We Want to Help 806-359-7653

November 6th, 2014

I have seen just about everything in my 14 years of buying houses. I’ve seen a lot of things that are just heartbreaking. I’ve seen the effects of divorce, drugs, bankruptcy, job loss, vandalism, and fires. But yesterday I went and met with a family who had lost their teenage son. They wanted to sell their home because the house has too many painful memories. As I walked through their son’s room I noticed many things that reminded me of my own teenage son. A set of weights in the corner, sports trophies, camping gear, football posters, and a camouflage covered bible. This was your typical all-American boy. As I walked through the house I prayed that the Lord would give me special wisdom to help this family. I proposed that they move in to one of my rentals and allow me to help them make some of the repairs that would be needed so that they could sell their house for retail on the open market. But they just wanted out. So I made them an offer and told them to think about it and pray about it. In the end they decided to sell me the house. I am going sell them one of my remodeled houses at a discounted price. Since they want to move as soon as possible I will let them rent my house until they can get their loan approved. It feels so good to be able to help amazing people like this family.
I am writing about this to let you know that if you have a problem that involves Real Estate I’d like to help. Even if I can’t buy your house I would still like to help. Many times we advise people to do something besides sell their house. I have helped people with insurance claims, repairs, and title problems. I am pretty creative when it comes to Real Estate. If you are facing a desperate situation call me. I am not going to try to steal your house. Maybe I can think of an option that you haven’t thought of. There is never any obligation on your part and all calls are confidential. Call me at 806-359-7653 or visit my website at We Amarillo Houses.

Should I Sell My House or Rent It? | Sell My House Amarillo

September 10th, 2014

First let me start out by saying that I think everyone should own a rent house.  There are a lot of headaches but the long-term benefits are great.  But what about renting out your personal home?  Is that a good idea?

Here is a classic scenario.  A young couple wants to sell their starter home and move into a bigger house.  Their house is in great condition and they have built up some equity over the years.  They owe $80,000 and the house is worth around $100,000.  They rent their cute little house out  for $1000 per month and that covers their payment of $800 and leaves them $200 left over each month.  Everyone is happy.

Fast forward three years down the road and the picture is not so bright.  They have gone through four tenants in a three year time period.  Two had to be evicted.  Their house has been destroyed multiple times.  They have spent nights and weekends painting and making repairs every time the tenant moved out.  They had to replace a sewer line and an air conditioner condenser.  In other words, they are broke and tired.  So they decide to sell.

The problem is that now their house is no longer worth $100,000.  Now it is worth about $75,000.  So they will have to either completely remodel the house or sell it for a loss.  Neither of which they are excited about doing.

It is usually a terrible decision to make your personal home into a rental.  It is much better to sell it while it is in good condition.  If you have lived there for over two years (one year for fist time home owners) you will not owe any taxes on your gain.  This in and of itself is reason enough to not convert your home to a rental.

If you want to get into the rent business find a house that is best suited for those purposes.  When you have a chance to sell your personal home, take the money and run!

If you have a house that you are thinking of selling give me a call at 806-359-7653 or visit me online at We Buy Amarillo Houses.

Short Sale Amarillo TX | Stop Foreclosure 806-359-7653

July 8th, 2014

The number of foreclosures in Amarillo has dropped dramatically.  That is great news for our housing market and for home owners in general.  Of course, if you are currently facing foreclosure, this news is of little comfort to you.

We have been helping people avoid foreclosure for 10 years.  There are several ways that a person can avoid a foreclosure.  One way is to work a short sale with your bank.  In the past when a home owner called me I had to explain to them exactly what was involved with working a short sale.  But not any more!  People have become more educated than ever.  It seems like just about everyone is at least familiar with a short sale.

A short sale is basically where a home owner works out an agreement with their lender for their payoff amount to be lowered.  This will help get the house sold.  The bank avoids costly attorney fees and the home owner  keeps a foreclosure off of their record.  Win-win.

The problem is that short sales are difficult and they can take several months to complete.  The bank requires that your house be listed with a Real Estate Agent in order to start the process.  Many times home owners list with an agent who is not familiar with short sales and they are never successful.

In my opinion the number one key to a successful short sale it to work with the right team!  We have a unique approach that makes us very successful at negotiating short sales.  First we have an agent who understands how to properly market these properties.  This is extremely important.  The second thing we do is send in an offer immediately.  Since I am an investor I just send a cash offer with all the short sale paper work.  This causes the file to be marked ‘urgent’ and moved to the front of the line.  Even if the bank does not accept my offer it will cause them to at least give us a lower number.  The final and probably most important thing we do is hire a professional short sale negotiator.  This makes all the difference in the world.   She does an amazing job negotiating with the bank to get your short sale approved.   She is only paid if the deal closes.  We pay her so you still will not owe any money.

If you are behind on payments and facing foreclosure give us a call.  We are short sale specialists.  When you call us you get a top-notch agent, a seasoned investor, and a bull dog negotiator all in one!  Call us today and let me see if you are a good candidate for a short sale.  The call is confidential and it doesn’t cost you a dime.  Call 806-359-7653 or visit us at Short Sale Amarillo.

How to Sell Your House Amarillo | Call 806-359-7653 today!

May 15th, 2014

The Real Estate market in Amarillo is booming!  That is great news if you have a house that you need to sell.  But what if you have a house that is in bad condition?  How do you sell a house like that?

 

This is what the experts don’t always tell you.  There are really two Real Estate markets.  One for the pretty houses and one for the distressed houses that need a lot of work.  The pretty houses are selling much faster than the distressed houses.  The ‘fixer upper’ market is very saturated right now because there are still a lot of foreclosed homes for sale.  This is not good news if you are trying to sell a house that needs a lot of work.  It is important to keep this in mind when you hear people talking about how the Real Estate market has improved.  So the bottom line is that if you list a house that needs repairs be prepared for it to take a while to sell.

 

If that doesn’t sound fun, give us a call.  We specialize in buying houses that need to be sold quickly, or that need work, or both.  We pay cash, close whenever you want, and pay all of the closing costs.

 

When you compare our offer with what you actually walk away from the closing table using a Realtor you will be shocked.  If your house is in perfect condition, you want top dollar, and you don’t mind waiting for months then a Realtor will work fine.  If not, sell it to us, don’t list it.

 

If you are even thinking of selling call us today at  806-359-SOLD (7653) or visit us online at Sell My Amarillo House.

Sell My Amarillo HouseSell My Amarillo HouseSell My Amarillo HouseSell My Amarillo House

Contact Information

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

wade@mitchellpropertygroup.com | emmy@mitchellpropertygroup.com