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Real Estate Investor VS Realtor | Mitchell Property Group

Thursday, January 21st, 2016

Real Estate Investors are an interesting lot. Most of them are fiercely independent and extremely stubborn. They have Maverick personalities and are not big on rules. They always think outside the box. Most of the good ones I know have a knack for being able to quickly analyze a deal and pull the trigger.

Realtors are also a very interesting group. Most of them are very “by the book”. They like to follow the rules and have a difficult time thinking outside the box. Not all of them but many are this way. The good ones have the ability to put their ego aside and get a deal to the closing table.

Every day I get to work with Realtors and Investors. It can be very interesting at times to say the least! Most of them are top-notch. Emmy has a classic Realtor personality and I have a classic Investor personality. I help her to think outside of the box and she keeps me out of jail!

The cool thing about our company is that we are able to offer our clients both options.  I can make an all cash offer to buy the house as is. Emmy can show them what she could list the house for and they can compare options.  Either way we are happy to help.  Sometimes people are on the fence and have a hard time deciding which way to go.  In that case we always recommend listing the house first to see if it will sell.  If it doesn’t sell they can always take my cash offer at any time and we will waive the Realtor fees.  This lets our clients try to sell their house for as much money as possible while knowing that at any time they can sell the house to me if they need to.  Pretty cool huh?

If you have a house that you need to sell or list or maybe a combination of the both call us.  I guarantee you we can help!  Call us today at 806-359-7653 or visit us Sell My Amarillo House.

Mitchell Group-7

 

Real Estate Investors Amarillo TX | Sell Your House Today! 806-359-7653

Thursday, January 2nd, 2014

I never thought that being a Real Estate Investor would be so challenging.  I knew it would take hard work and I knew that there would be risk, but I never realized how difficult it would be.  And yet we have made it one more year.  2013 is in books and 2014 is full of possiblilities.  Looking back on 2013 I realize that I made my fair share of mistakes.  But the Lord took care of us.  And for that I am thankful.

Last year we helped literally hundreds of people find solution to difficult Real Estate problems.  My wife Emmy and I feel very blessed to live and work here in Amarillo.  West Texas people are the best in the world.  We would like to say thank you to all of the people who placed their trust in us and allowed us to help them and their families.  We appreciate you more than you will ever know.

If you find yourself needing to sell your house fast or if you have a house that needs to be sold fast then give us a call.  Even if you would just like to have a second opinion on your situation.  Call us.  We are in the business of helping people.    You can call us at 806-359-7653 or visit us online at Real Estate Investors Amarillo

Sell Your House to a Real Estate Investor or Use a Realtor? | Amarillo Real Estate

Monday, July 30th, 2012

I get a lot of calls from people who are trying to decide whether to list with a Realtor or sell to a Real Estate Investor.  There are advantages to both but in the end it just boils down to your specific situation.  People are worried that it may take months to get their house sold, and for good reason.  The housing market in Amarillo is not as bad as some parts of the country.  In fact, home sales are up for 2012.  Many Realtors say that this is the best market that they have seen since 2008.

So why does it take some people so long to sell their house?

In my opinion there are really two housing markets.  One market for pretty houses and one for houses that need work.  It is very simple.  There are still a lot of houses on the market.  Competition is fierce.  Buyers are very picky and are looking for houses in good condition and for a good price.  If you have a house that needs a lot of work it will probably take a while for it to sell.  When the housing market was at its peak, distressed properties could be sold without too much trouble.  But now, mainly because of Foreclosures, the market is flooded with ‘fixer-uppers.’  In the past fixer uppers were hard to find.  Now they are on every block.  This makes it very difficult to sell a distressed property on the open market.   As banks keep discounting these properties in order to get them off of their books, the market just keeps getting softer.  That is why it makes sense to get an offer from Real Estate Investor.

If you have a fixer upper should you list with a Realtor or sell to an investor?

I say this to people over and over.  If you have a house that is in good condition, in a good neighborhood, and you have months for it to sell, then listing with a Realtor is the way to go.  Keep in mind that you will end up paying around 6% in Realtor fees, about 2% in your closing costs, and usually 3% in buyers closing costs.  You will probably get hit with a list of repairs that you will need to make.  You will have holding costs for the time that it sets on the market.  But in the end you will come out ahead.

But what if you have a house that needs work and you can’t afford to make the repairs?  What if you can’t wait for months for it to sell?  That is when it may be best to sell to an investor.

We are a local husband and wife team who specialize in buying houses in the Amarillo area.  Why should you work with us?

  1. We are super easy to work with! We make sure you understand all of your options.
  2. We pay cash!  You don’t have to worry about long drawn-out bank approvals.
  3. We close whenever you want! You are in complete control.
  4. We buy property in as is condition. You don’t have to fix anything or clean anything!
  5. We don’t put a sign in your yard and try to sell your house to other buyers. WE BUY IT!

If you have a house that needs a lot of work, or you have a house that you need to sell fast, call us today at 806-359-7653 or visit us online at Amarillo Real Estate Investors.

Real Estate Investors Amarillo TX 806-359-7653

Tuesday, June 19th, 2012

Every month I get calls from homeowners who tried working with a brand new Real Estate investor.  This investor made a lot of promises but in the end the deal didn’t close. As you can imagine this creates a big problem for the homeowner.  That is when they call me looking for help.

Since many investors can’t get loans to buy houses 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 do not have the ability nor the  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 can end up dealing  with a person who is not able to buy your house.  They put up very little earnest money (or non at all) 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.  Deal only with local companies.  This makes checking up on a company much easier.  I personally would never 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 ‘we buy Amarillo houses’ ad doesn’t mean that they are a real company.

4.  Insist on using a local title company.

5.  Meet the person 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.  If you were going to do that you should have just called a Realtor!

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.  Sometimes we even 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.  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. You can also visit us online at Amarillo Real Estate Investors.

Are Amarillo Real Estate Investors Scam Artists?

Friday, January 6th, 2012

If I needed to sell my house to an Amarillo Real Estate Investors I have to admit that I would be a little skeptical.  And for good reason!  It seems like there is always some Real Estate Investor making the news who tried to scam home owner out of their house.  It also seems like a lot of Real Estate Investors are, well, for lack of a better word, just plain weird.    Considering the fact that your home is probably your biggest asset, it pays to chose wisely when considering Amarillo Real Estate Investors companies!

Let me say this… just because someone says they are Amarillo Real Estate Investors 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 Amarillo Real Estate Investors company?  Here are some 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 Amarillo 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 Amarillo attorney review the contract.

It is important to remember that not all Amarillo Real Estate Investors companies are bad.   We buy Amarillo houses but we also help people.  Sometimes we advise people to do something besides selling us their house.  That usually surprises them, 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 we do what we say we will do and our deals close on time. That’s why we are still in business.

If you are looking for legitimate Amarillo Real Estate Investors 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 Investors.

Amarillo Real Estate Investors Con Artists?

Thursday, January 5th, 2012

When I tell people that I am an Amarillo Real Estate Investors most of the time it is pretty well received.  But sometimes people give me the evil eye.  It’s almost like I just told them that I am a drug dealer or something!  I often hear people saying that Amarillo Real Estate Investors try to steal houses or that they are low-ballers.  But they are just like any other small business owners.  They are just trying to make a living.  Sure there are bad ones out there, but there are also plenty of good ones.  Before you jump to conclusions, here are a few things that you might want to consider:

Amarillo Real Estate Investors work with smaller profit margins than most other retail businesses. Most houses are purchased by investors for around 70-75% of value.  Then they spend money rehabbing the property.  They also have to pay taxes, insurance, and make payments until the property sells.  When it sells they will usually end up paying most of the new buyer’s closing costs plus a 6% Realtor commission.  They will also have their own closing costs to pay.  When all the dust settles, most Amarillo Real Estate Investors will end up making around 5-10% on the total deal.  This is not a very good return when you consider the tremendous amount of risk that is involved.  Realtors make 6% and have no risk.  Most retail stores have between a 30% and 50% mark up, if not more.  Car dealers buy your trade in for $10,000 and sell it for $14,000.  These margins are much better than the margins that Amarillo Real Estate Investors work with.

Price is not the only thing to consider in a transaction. Think about a convenience store.  You pay more for items in a convenience store then you do in a grocery store, but you can get what you need right now!  People always pay more for convenience.  People will knowingly accept less for their house if they can have their money in 3 days instead of 3 months.  The same applies to someone who is trades their vehicle to the dealer instead of selling it on their own.  Each person sells for his or her own reasons.  Sometimes convenience or timing can be more important than price.  That’s why many people sell to Amarillo Real Estate Investors.

Amarillo Real Estate Investors help the economy and provide an invaluable service to the community. They buy houses that are not desirable.   They remodel these houses, increase the value, and sell them.  By transforming these run-down houses they increase the value of the entire neighborhood.   This is a good thing, especially if you live next door to the distressed house.  In many blue collar neighborhoods Amarillo Real Estate Investors account for a huge portion of the houses that are sold.  So the bottom line is that Amarillo Real Estate Investors increase home values and sell lots of houses.  According to the National Association of Realtors, two jobs are created for every house that is sold.  Every house that is sold pumps nearly $60,000 into the economy.  Amarillo Real Estate Investors help drive the housing market.

Amarillo Real Estate Investors provide affordable housing. If it weren’t for these investors there would be no rent houses.  Imagine that… a world without rentals.  There are a lot of people who would be in trouble.  I mean, who hasn’t lived in a rent house at one time or another.

Every month I get calls from people who live in small towns where there are no Real Estate Investors.  These people are desperate for someone to buy their house.   Their house is in such bad condition that it cannot be sold to a home owner.  Unfortunately I can’t help them.  Most critics of Amarillo Real Estate Investors forget that not everyone has a house in a good neighborhood that is in perfect condition.  Not everyone can wait for six months for their house to sell.  Most critics have never faced foreclosure, loss of income, bankruptcy, or divorce.  They have never walked in the shoes of people who are facing desperate situations.  Thank goodness there are a few good Amarillo Real Estate Investors!

If your house needs a lot of work or if you need to sell it fast give us a call.  We can buy your house and close in less than a week.  We are members of the better business bureau and have tons of references.  Call us at 806-359-7653 or visit us on line at Amarillo Real Estate Investors.

Amarillo Real Estate Investors |Mitchell Property Group Buys Houses! 806-359-7653

Friday, May 13th, 2011

Five years ago today I quit my job and became a full time real estate investor.  I can’t believe how fast those years went by!  It is a lot harder and scarier than most people think.  It is very easy to make a mistake and find yourself out of business!  But I am very blessed to have a sweet wife who has been an amazing partner.  Without her it would have been much more difficult.

When we started out we decided that we were going to work hard and make sure that we always treated people the way we would want to be treated.  We also decided that we wanted to help everyone who called us even if we couldn’t buy their house.  Over the last five years our company Mitchell Property Group has helped a lot of people and made a lot of good friends.  We feel very blessed to live and work in such a great part of the world.

If you need to sell your house fast give us a call.  If you are not sure what to do and would just like some ideas and information give us a call.  We are very easy to work with.  We can buy your house and close in just a few days.  You don’t have to fix anything or clean anything.  We take care of all of the details.  We even pay your closing costs.  We have a lot of references if you want to check us out.  You can visit us online at Mitchell Property Group or better yet, call us today at 806-359-7653.  And to the hundreds of people who have done business with us over the past five years…. THANK YOU!!

Are Amarillo Real Estate Investors Con Artists?

Friday, April 8th, 2011

When I tell people that I am a Real Estate Investor most of the time it is pretty well received.  But sometimes people give me the evil eye.  It’s almost like I just told them that I am a drug dealer or something!  I often hear people saying that Real Estate Investors try to steal houses or that they are low-ballers.  I really don’t understand why some people think that.  They are just like any other small business owners.  They are just trying to make a living.  Sure there are bad ones out there, but there are also plenty of good ones.  Before you jump to conclusions, here are a few things that you might want to consider:

  1. Real Estate Investors work with smaller profit margins than most other retail businesses.  Most houses are purchased by investors for around 70-75% of value.  Then they spend money rehabbing the property.  They also have to pay taxes, insurance, and make payments until the property sells.  When it sells they will usually end up paying most of the new buyer’s closing costs plus a 6% Realtor commission.  They will also have their own closing costs to pay.  When all the dust settles, most Investors will end up making around 5-10% on the total deal.  This is not a very good return when you consider the tremendous amount of risk that is involved.  Realtors make 6% and have no risk.  Most retail stores have between a 30% and 50% mark up, if not more.  Car dealers buy your trade in for $10,000 and sell it for $14,000.  These margins are much better than the margins that Real Estate Investors work with.
  1. Price is not the only thing to consider in a transaction.  Think about a convenience store.  You pay more for items in a convenience store then you do in a grocery store, but you can get what you need right now!  It is more convenient.  People always pay more for convenience.  People will knowingly accept less for their house if they can have their money in 3 days instead of 3 months.  The same applies to someone who is trades their vehicle to the dealer instead of selling it on their own.  They receive the wholesale value but they don’t have wait for their car to sell.  Each person sells for his or her own reasons.  Sometimes convenience or timing can be more important than price.
  1. Real Estate Investors help the economy and provide an invaluable service to the community.  They buy houses that are not desirable.   They remodel these houses, increase the value, and sell them.  By transforming these run-down houses they increase the value of the entire neighborhood.   This is a good thing, especially if you live next door to the distressed house.  In many blue collar neighborhoods rehabbers account for a huge portion of the houses that are sold.  So the bottom line is that Real Estate Investors increase home values and sell lots of houses.  According to the National Association of Realtors, two jobs are created for every house that is sold.  Every house that is sold pumps nearly $60,000 into the economy.  Real Estate Investors help drive the housing market.
  1. Real Estate Investors provide affordable housing.  If it weren’t for these investors there would be no rent houses.  Imagine that… a world without rentals.  There are a lot of people who would be in trouble.  I mean, who hasn’t lived in a rent house at one time or another.

Every month I get calls from people who live in small towns where there are no Real Estate Investors.  These people are desperate for someone to buy their house.  They have some sort of emergency and need to sell as fast as possible.  Their house is in such bad condition that it cannot be sold to a home owner.  Unfortunately I can’t help them.  Most critics of Real Estate Investors forget that not everyone has a house in a good neighborhood that is in perfect condition.  Not everyone can wait for six months for their house to sell.  Most critics have never faced foreclosure, loss of income, bankruptcy, or divorce.  They have never walked in the shoes of people who are facing desperate situations.  Thank goodness there are a few good Real Estate Investors in Amarillo.

If your house needs a lot of work or if you need to sell it fast give us a call.  We can buy your house and close in less than a week.  We are members of the better business bureau and have tons of references.  Call us at 806-359-7653 or visit us on line at Amarillo Real Estate Investors.

Real Estate Investors Amarillo TX | Sell your house today! 806-359-7653

Thursday, March 10th, 2011

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 companies.  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 ‘we buy Amarillo houses’ ad doesn’t mean that they are a real company.

4.  Insist on using a local title company.

5.  Meet the person 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.  Why not just call a Realtor?

It is important to remember that not all real estate investment companies are bad.  When we write a contract on a house, we intend on closing that deal.  We have the funds available to buy it.  Sometimes we even 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 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.

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