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Sell your Amarillo House Fast- How do you know which house buying company to work with?

Wednesday, September 1st, 2010

I recently bought a house in Amarillo from a lady who needed to move closer to her children.  She was a really nice lady and I was happy to work with her.  When she first called me she was a little skeptical about working with a Real Estate investor.  When I drove out to take a look at her house I soon found out why.  I noticed a for sale sign in her yard and asked her if she had received any good offers.  She told me that it wasn’t HER sign, it was another investor’s.  She told me that she had signed a contract with this guy and she thought that he was buying her house.  As it turned out, he was just trying to sell it without buying it.  He wanted to be a middleman.  He put his sign in her yard and showed prospective buyers the house  but in the end, could not get it sold.  Now I understood why she was a little nervous.  Three days later when she signed the papers and picked up her check she thanked me for doing what I said I would do.  I went home and thought about it and it made me upset.  That’s why I’m writing this.

I get calls every month from people who tried working with some rinky-dink ‘we buy Amarillo houses’ company.  This investor made big promises but in the end, the deal didn’t close and the homeowner was left hanging.  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.  .  If you are selling to a Real Estate Investor, how do you know which company to work with?

You have got to make sure that you sell 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 sell my house to 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 does not 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.

If you have a house to sell in Amarillo, Canyon, or Lubbock, give me a call.  I would be happy to make you an offer.  You can call me at 806-359-7653. If you are a little shy but still want some more information you should 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 http://www.sellmyamarillohouse.com/index.php

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