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Posts Tagged ‘Real Estate Investors Amarillo TX’

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.

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.

Sell My Amarillo House Fast—Should You Sell Your House to a Real Estate Investor?

Wednesday, November 9th, 2011

How can I sell my house fast in Amarillo?

I get calls every day from people who want to sell their house.  Most of these people are tired of playing all of the Realtor games and they 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 an investor like me.

How can you know when selling your house to an investor makes more sense than selling by using a Realtor?  Well it’s pretty simple really.

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 1% 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 18% 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.  They get to pick.  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.  This saves a lot of time and money for the seller.
  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 should also get a copy of my free report “Sell Fast in a Slow Market, 6 Ways to Make Your House Disappear.”  It will help you understand if your house is marketable or not.  Click here for your copy Sell My Amarillo House Fast

Are Real Estate Investors Trying to Scam You? | Real Estate Investors Amarillo TX

Wednesday, June 29th, 2011

If you have a house that you need to sell fast, or if your house needs a lot of work, you may want to consider selling to a Real Estate Investor.  If you list with a Realtor you may get more for your house but it may take six months or longer to get the deal closed.  If your house needs too many repairs it may not be able to be sold by a Realtor at all.  Every situation is different, but for many choosing to work with an investor can be a good option.  Considering the fact that your home is probably your biggest asset, it pays to chose wisely when considering Real Estate investment companies!

Let me say this… just because someone says they are a Real Estate Investor 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 company?  Here are my top 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 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 attorney review the contract.

8.  Make sure that they have the funds available to close.  A legitimate investor will not be offended if you ask to see proof of funds.  This may be the most important one of them all.  Many so called Real Estate Investors don’t actually have the funds available to close on a house.  They simply try to get it under contract and then sell the contract to someone else.

It is important to remember that not all real estate investment companies are bad.   We buy Amarillo houses but we also help people.  Sometimes we 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 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 our deals close on time.  We do what we say we’ll do. That’s why we are still in business.

If you are looking for a legitimate Real Estate Investor 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 Investor.

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Contact Information

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

wade@mitchellpropertygroup.com | emmy@mitchellpropertygroup.com