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Don’t Get Scammed! |We Buy Amarillo Houses

Tuesday, August 8th, 2017

A while back I met with a homeowner and placed a bid on their house. A few days later they called and told me I had been outbid by another investor. I was surprised to hear this because I had made what I considered to be a very aggressive offer. A month later they called and asked if my offer was still good. I told them it was and we closed two days later. At closing they told me that this other investor had really given them the run-around. Once he got their house under contract he had brought in other buyers to try and sell the property before he had even bought it. Sounds crazy but it happens all the time. When he couldn’t find another buyer he just backed out.
Here are the 5 best ways to avoid being scammed:

1. Never sign an assignable contract. Do not sign a contract with the words “and/or assigns” written in it. In fact, in special provisions you should write “this contract is not assignable.” This is probably the easiest way to avoid being scammed. This will prevent an investor from trying to sell your house before they buy it.

2. Ask for references. A good company will not mind giving you references. I can give you as many as you want.

3. Verify funds. If someone advertises they pay cash for houses they won’t mind you verifying that they actually have the money to close. If they balk at this request do not work with them.

4. Ask for a short closing date. Even if you want to close in 30 days don’t tell that to the investor. Tell them you want to close in 3 days and your contract will not be assignable. You will be able to tell immediately if you are dealing with a real cash buyer or not!

5. Do not sign a contract with a long option period or a long inspection period. Anything over 5 days should be a red flag. Many new investors want long option periods so they can back out if they can’t find a new buyer. Short option periods make this much more difficult.

If any of this sounds confusing just call me and I can explain it further. When we write a contract and shake your hand we intend on closing that deal. You are welcome to call our references and verify funds. We do what we say we’ll do and our deals close on time with no problems. That’s why we receive so many referrals from happy customers. We are very much a local company. You are welcome to stop by our office for a cup of coffee anytime.

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 We Buy Amarillo Houses.

Get An All Cash Offer On Your House! | Mitchell Property Group | 806-359-7653

Wednesday, February 1st, 2017

Do you need to sell your house quick fast and in a hurry? If so let us make you an all cash offer. We can close in a few days if you need us to. Do you have a house that needs a lot of work? We can buy it from you in as is condition. Do you have a nice house in a nice neighborhood and you aren’t in a hurry to sell? We can list it for you!

The bottom line is that if you have a house to sell we can help. We buy houses and we also list houses. We can even list your house and give you a written cash offer that you can decide to take at any time. Give us a call and let us help. We would love to give you some free information. No strings attached. We have been helping people buy and sell houses for over 15 years. We are easy to work with and we can give you as many references as you want. Call us today at 806-359-7653We Buy Amarillo Houses

Merry Christmas and Happy New Year!

Thursday, December 29th, 2016

The last two weeks of the year have always been my favorite. It’s just a great time of the year. Everything seems to slow down a little bit. We get to gather with our family and have Christmas. We celebrate the ending of a year and the beginning of a new year. It’s a great time to reflect, be thankful, and set new goals.

2016 was a great year for us. We added new members to our team. We helped more people this year than any other year. Once again we experienced a year of growth. And for that we are very thankful. We never take for granted God’s many blessings. I always think back to when we first started this business. It was just the two of us operating out of our home. It was such a challenge every month just to keep it all going!

We are blessed to live and work in a place like Amarillo Texas! It’s not perfect by any means, but there is no place we’d rather call home. To all of our friends, family, and clients we say thank you for another good year. We are very excited about 2017. Merry Christmas and Happy New Year!

Wade and Emmy Mitchell
Mitchell Property Group

Should I rent out my personal home? | Mitchell Property Group

Wednesday, July 13th, 2016

So you are buying a bigger house. Should you sell your old house or rent it out? I get this question a lot. The answer is simple. Sell it! Never rent it unless you absolutely have to. Renters will decrease the value of your home. They will not take care of it like you did. Pretty soon you will get tired of being a landlord and decide to sell it. But now it’s not your homestead so if you make a profit you will have to pay taxes. If you would have sold it while it was your homestead there is a very good chance you would not pay tax on the profit. And you will either have to make repairs to get it back in good condition or sell it at a discount. I see this all the time! If you want to be a landlord sell your house and then go buy a rent house. But never rent out your personal home. Just take my word on this!
If you need to sell your house call us today at 806-359-7653 or visit us online at Sell My House.

Hydrostatic Sewer Tests | Why You Need One | Mitchell Property Group

Friday, April 1st, 2016

The camera test didn’t show anything was wrong with these 50 year old drain lines. It’s a good thing we did a hydrostatic test. We dodged a $20,000 bullet! Yes, $20,000 is what we spent to fix all the drain lines in this house.
If you buy a house with a slab foundation from me I highly recommend that you have a hydrostatic test performed. I’m talking about the test where they insert a test ball at the cleanout, a toilet is removed and the line is filled with WATER. I’m not talking about pressurizing the line with air. I’m talking about filling it with water which is exactly what the line is designed to do. This is the same test the city of Amarillo performs before they will issue a passing inspection. Some people call this a hydrostatic and some people call it a static test. In Amarillo most people call it a hydrostatic test. It doesn’t matter what term is used what matters is how the test is performed.
About a year ago I started hearing a lot of crazy things being said about hydrostatic testing. One seller told me he had heard that this test would cause sewer lines to explode and buckle the floor. Another seller told me that it would cause a perfectly good line to split right down the middle. You would have thought that plumbers had started using dynamite to test these lines! So I thought I would weigh in and try to dispel some of the most common misconceptions.

1. Hydrostatic tests are only performed in Amarillo. FALSE. They are very common in bigger cities like Dallas and Houston. Many agents in bigger cities are now advising sellers to have them done ahead of time and provide the report to their buyers.

2. Camera tests are just as reliable as hydrostatic tests. FALSE. VERY FALSE! It is impossible to see cracks in some older lines. Often times a camera test shows no problems but when work is done there are cracks found in the drain lines. Also, cameras can’t make 90 degree turns around elbows and p-traps. So you end up only being able to look at some of the lines but not all of them. Finally, most of the time standing water and junk are in the line which makes it impossible to see anything at all. Camera tests are just not reliable. I know from experience!

3. Hydrostatic tests put too much pressure on lines. FALSE. Most hydrostatic tests require filling the lines with water up to approximately 1 foot above the line. For every foot of elevation the water puts .43 lbs of pressure on the line. So the typical test puts .43 psi on the line. In rare instances they fill the water up to 3 feet above grade. This test puts less than 2 lbs of pressure on the line. If they were to fill water up to 10 feet above the line it would still only jump the pressure up to 4.3 psi.

4. Drain lines are not made to withstand this much pressure. FALSE. The burst rate for cast iron is 200 pounds per square inch. The typical hydrostatic test puts .43 psi of pressure on a drain line. Not even close. Also, if this were true, the first time anyone had a sewer back up their drain lines would explode. A sewer back up that causes a toilet to over flow puts more pressure on a drain line than a hydrostatic test. Have you ever heard of a clogged sewer line suddenly exploding? Finally, consider this… Sewer systems are made to hold water when your lines back up. I repeat, they are made to hold water, not just drain water. So how will a test that involves filling the line with water cause any harm?

5. If a pipe has a pre-existing crack a hydrostatic test will cause it to crack more. FALSE. Cast iron pipe that is not packed in dirt has a burst rate of 60 psi. Way below the pressure exerted by a hydrostatic test. If the pipe is packed in dirt (like all sewer drain lines are) the burst rate is even higher. So there is no way that the test is causing more damage. It should also be noted that if a pipe has a pre-existing crack it is already bad. The test is just revealing what is already there.

Over the last 15 years hydrostatic sewer testing has saved my bacon more times than I can count. I know there are different opinions out there and that is fine. I respect everyone’s opinions even if I disagree. I encourage everyone to do their own research and form their own opinions. But form your opinion from facts that are based on physics. Don’t just believe what you hear. The bottom line for me is this… If there is a problem with a house I want you and your family to know about it up front so that I can fix it or you can buy another house. If you buy a slab house from me get a hydrostatic test!

Wade Mitchell
Mitchell Property Group
806-359-7653

Mitchell Property Group

Mitchell Property Group

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

 

Flooded Houses, Tall Weeds | We Buy Flooded Houses!

Monday, 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!

Wednesday, 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

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!!

Who is Mitchell Property Group? | Amarillo TX Real Estate 806-359-7653

Wednesday, April 27th, 2011

Who is Mitchell Property Group?  We are a local husband and wife team who buy houses in Amarillo TX.  Real Estate is our passion and we really enjoy helping people.  How are we different from other investors?

Well, first of all we are very easy to work with.  We take the time to listen to your questions and make sure that you understand all of your options.  Second, we give you several options to consider.  Contrary to what you may think, we don’t try to convince everyone to sell their house to us.  Some of the houses we look at are in good condition, in a good area, and the owners have plenty of time to wait for it to sell.  In that case listing the house usually makes more sense.  We would love to list it for you.  Emmy is a licensed Real Estate Broker with Key Realty.  She can help you sell it for top dollar to a homeowner.

On the other hand, if you have a house that you need to sell fast, or if your house needs a lot of repairs, we can definitely buy it from you.  We pay all the closing costs and take your house in as is condition.  You don’t need to fix anything or clean anything.  We handle all of the paperwork and take care of all the details.  It is a very easy process.

We can help you with just about any situation that you can think of.  You can check us out online at Mitchell Property Group or better yet you can just call us.  If you need help selling your house give us a call at 806-359-7653.

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