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Selling a House with Foundation Issues | We Buy Houses Amarillo | Mitchell Property Group

Monday, October 22nd, 2018

The foundation is what holds everything together, the support, and the base. Without a proper foundation, a variety of other structural issues may plague your home. Your walls or roof, for example, could come crumbling down.
Selling a home with foundation issues is, without any doubt, a very challenging task. “Foundation problems” are two words that are sure to make any homebuyer run screaming. After all, the foundation is a critical component of a building.
If your house has a foundation problem, the real question then becomes “Can you still sell it?” Well, you can! However, it takes extra steps and consideration to successfully sell the home.
The experts over at Granite Foundation Repair, a foundation repair company servicing DFW area, shared some of their insights on the topic.
Common Misconceptions about “Foundation Problems”

A common misconception many people have about foundation problems is they think the “foundation” itself is the problem. There are, granted, some cases where the concrete is to blame.
For instance, for homes built in the 1900’s, too much water and salty sand is often a cause of concrete failure.
However, in most cases, soil settling is the root of the problem. Weather changes and expanding and retracting soil conditions can cause the soil beneath your home to shift, leading to structural damage.
Some of these shifts are normal, anticipated, and shouldn’t be worrying. However, when the shifts become excessive, then the resulting consequences can be utterly devastating.
If you notice that your home has foundation cracks, further inspect it. This way, you’ll know the severity of the problem. You can decide to hire a pro or go the do-it-yourself (DIY) route. If you opt for the latter option, look for the following hints.
• Misalignment of doors and windows
• Jamming, shutting or sticking doors and windows
• Wood planks in the flooring becoming ajar
• Cracks beginning to show in ceramic and vinyl tile
• Large gaps beginning to show outside in the concrete around the house
• Drywall cracks and gaps beginning to show between the wall and ceiling
• The staircases begin to slope
• Floors becoming uneven

Inspect Cracks and other Fracture Types Further

We buy houses with foundation issues.

Not all cracks are created equal. Some may occur due to natural settling while others may point to more serious issues.
Cracks come in all shapes and sizes. Here are the different types to be in the lookout for during your inspection.
• Less than ¼ inch
If you notice these, don’t worry too much yet. They are typical and occur as a result of natural settling.
• Hairline cracks
Much like ¼ inch cracks, they are not usually worth losing sleep over, either. Most often, these occur between the concrete and mortar.
• L-Shape cracks
These may not indicate structural issues. They are shrinkage cracks that tend to follow a curvature, say, of a hillside.
• Stair-step or masonry joint cracks
Now, these mean trouble. If you notice these, call a foundation repair specialist immediately.
• Horizontal cracks
These are scary. Depending on their size, they may potentially mean you need to replace your foundation entirely.
• Vertical cracks
Vertical cracks run the same direction as drywall, generally making them less serious.
With that in mind, the question remains: should you fix the foundation issues, or should you sell the home as-is?

Options when Selling a House with Foundation Issues

We buy houses with foundation issues.

1. Selling as-is.
Selling a house with foundation issues is undoubtedly a big challenge. But, there are things that you can do to meet that challenge. One such thing is selling the house without doing any extensive repairs.
For buyers with some experience in home improvement, this may be an opportunity to provide value. On the other hand, many other buyers will see the words “foundation repairs” and immediately walk away.
But even when a buyer wants to stick around, getting financing often presents another challenge. As a general rule of thumb, conventional lenders only finance homes that are structurally sound.
Even when the buyer is lucky to get one, they may still be subjected to higher interest rates or other unfavorable loan parameters.
2. Repairing the foundation problems.
If you decide to do all of the heavy lifting and tough renovations, then you’ll need to hire a structural engineer. Typically, they will provide you with information, guidance, and insight into the foundation repair process.
For the assessment report, expect to pay anywhere between $300 and $800 depending on your location. If your foundation needs new anchor piers or bolts, expect to pay up to $10,000.
For extensive repairs, like replacing an entire foundation, the costs can run the gamut. Depending on the scope of work and size of your home, expect to pay up to $40,000.

Selling a house with foundation issues is, clearly, not easy. That said, it isn’t impossible. With the right information and strategy, it can be done. We buy houses with foundation issues. We would be happy to visit with you and go over some options. Call us today at 806-359-7653 or visit us at We Buy Houses with foundation issues.

We Buy Houses in Amarillo | Fair Cash Offer | Quick Close

Thursday, September 27th, 2018

We buy houses in Amarillo, Canyon, and Bushland. We buy houses in just about any price range or condition. We pay cash and we can close fast if you need us to. But aren’t all those ‘We Buy Houses’ companies rip off artists? Well that’s where we are different.

Besides being investors we are also Realtors. Every time we make an offer on a house we give you two options. We give you a cash offer and we also give you an offer to list your house for top dollar. You decide which is best for you. We just give you the information and let you make a decision.

So how does the process work? First just give us a call. We will give you a lot of information over the phone. Most of the time we can give you a ballpark idea of what our offer would be. If you like what you hear we can come out and take a look. We are very easy to work with. We’ve been doing this for a long time. If you are even thinking of selling your house give us a call at 806-359-7653 or visit us online at We Buy Houses in Amarillo.

We buy houses!

We Buy Houses Amarillo | Get a Fair Cash Offer | Mitchell Property Group 806-359-7653

Saturday, March 10th, 2018

Do you need to sell your house? We would love to talk to you! We buy houses from $10,000 to $1,000,000 or anywhere in between we can help! We are not your typical house buying company. We can help you in one of three ways.

First, we can make you an all cash offer. We do not require any repairs to be made. You pick the closing date and we pay all of the closing costs. We also and we handle all the paperwork and there is no rush to move. We can be very flexible on the move-out date. This is a great option if the property needs some work or if it needs to be sold quickly. As you can see we are very flexible and easy to work with.

Second, we can list your property for you. Besides being real estate investors we are also Realtors. But we are not your typical Realtors. We specialize in selling properties in as is condition. And we are very good at it. Because we are investors we have learned how to sell our own properties. We will use these same proven strategies to sell your house. If the property is in good condition and there is no rush to sell most of the time listing the house for full value is your best option. If you are unsure which way to go we can always make you a cash offer and then list the property for you. If at any point you decide to take us up on our cash offer we will waive all of the Realtor fees. Whichever way works best for you.

Finally, we can help you even if you don’t need our services. Maybe you just want to know what your house is worth. Or maybe you need the name of a good contractor and want to strategize about what repairs to make. Maybe you already have a buyer and just need help writing a contract. Whatever the issue we have probably dealt with it before and can offer help. Just call us and we will be happy to point you in the right direction.

If you are even thinking of selling your house call us. We buy houses in Amarillo, Canyon, and Bushland. We would love to hear from you. Visit us online at We Buy Houses Amarillo or better yet just call us today at 806-359-7653.

Your House Didn’t Sell, Now What? | We Buy Houses Amarillo | 806-359-7653

Wednesday, January 31st, 2018

So you decided to sell your house. You listed with a Realtor and your hopes were high. Six months came and went but your house didn’t sell. Now what?
There are many reasons why some homes don’t sell. But it usually boils down to one of three things.

1. Your price was too high. It sounds overly simple but it’s true. The number one reason why your house won’t sell is because it isn’t priced correctly. Some Realtors will tell you a really high value just to get you to list with them. This is a very common tactic. By the time you realize you need a price reduction it’s too late. Your house has been on the market for several months and you missed the golden 30 day window. One of the best ways to tell your house is overpriced is if you are not getting many showings.

2. Your house has something wrong with it. If your house is price correctly and it still didn’t sell you need to look at the house itself. Maybe it needs some general repairs or updating. Maybe it has a strong pet odor. Or perhaps it has a bad floor plan. It could even be something simple like having too much clutter. For every 10 showings you should receive an offer. If your house is showing but no offers there is probably something wrong with your house. You have to figure out what is causing people to not like your house and then fix that problem. If you don’t want to fix the problem you’ll need to lower the price.

3. Your house was not marketed correctly. Using the right Realtor to properly market your house makes a huge difference. Sometimes poor marketing strategies can cause your house not to sell. If you want to know more about this give us a call and we can show you our marketing strategy.

If you have a house that didn’t sell give us a call. We can give you several options. We can make you a cash offer and we can also talk to you about listing the property for you. Even if you don’t want to use us we can still talk strategy and give you some ideas. Call us today at 806-359-7653 or visit us online at We Buy Houses.

Why are we different? We give you more options! | Mitchell Property Group | 359-7653

Friday, December 8th, 2017

There are lot’s of people who buy houses. And there are lot’s of Realtors. We happen to be both. Here’s why that should matter to you.

Last week a lady called and told me she wanted to sell her house. She said it needed some work but it wasn’t too bad. She said she needed to sell it within a month or two. I knew her neighborhood very well and I knew that her house would sell fast if it was marketed correctly. I asked her if she had considered listing it with a Realtor and she said she had not because it needed some work. I always like to provide sellers with two options so I took Landon with me. Landon is one of the top agents in Amarillo. After we looked at her house and got enough information to understand her situation we advised her to list her house with us instead of selling it to us. This was a better option for her because her house is in a good neighborhood, it was in better condition than she thought, and she has time to wait for it to sell. As much as I would have loved to buy this house from her I knew Landon could get her more money by listing it. I told her that if for some reason he couldn’t get it sold that she could always fall back on my cash offer and we would waive all the Realtor fees. She liked having my offer as a safety net. This is what you call a win/win situation!

If you have a house that you need to sell we would love to visit with you. We buy houses in just about any price range or condition. Sometimes the best thing for you is to sell directly to us and close fast. Sometimes it may be better for us to list your house. Our job is to give you enough good information so you can make an informed decision. Give us a call and let us help you find a solution that makes the most sense for you! Call us today at 806-359-7653 or visit us online at Mitchell Property Group.

Landon signing

Don’t Get Scammed! |We Buy Houses Amarillo | Mitchell Property Group

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 buy houses in just about any price range or condition. 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

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

Thursday, August 11th, 2016

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 Sell My House Fast.

We buy nice houses too!

We buy nice houses too!

What Makes Us Different? | We Buy Houses Amarillo | 806-359-7653

Tuesday, April 26th, 2016

Yesterday I read online that a homeowner had a bad experience with a nationwide home buying franchise. I read both sides of the story and I honestly think that the homeowner got the short end of the deal. I want you to know that we are not your typical We Buy Houses company. Here’s why.

1. We give you at least two options. We are investors but we are also Realtors. We buy houses and we can also list your house. Every time we make an offer on a house we also give you a recommended list price. Sometimes it is better to list your house and we want you to know that. Now don’t get me wrong, we’d always love to buy it and we can do that, but we want you to know all of your options. If you have a house that needs a lot of work or needs to be sold fast selling it directly to us is probably your best option. But if your house is in good condition and you don’t need to sell it fast listing it could be a great option.

2. We give you a lot of information. We’ve always believed that when people have enough good information they can make a decision that is best for them. Every time we make an offer we tell you what we believe to be the anticipated resale value of your home. This is often referred to as the ARV or ‘after repair value.’ We tell you the estimated amount of repairs. This way you know exactly what your house would be worth in tip-top condition and what it would take to get it there. If your house is in good condition we will also tell you what the ‘as is’ value would be if we were to list it for you. We go over closing costs and Realtor fees so that know what you would walk away with if you decided to go this route. In other words, we show you several different options. We know every situation is different so we don’t offer one-size-fits-all solutions!

If you have a house that you need to sell give us a call. We would love to go over your options and show you how we can help. Even if we can’t buy it we can probably give you some great information. Give us a call at 806-359-7653. You’ll be glad you did!

Wade Mitchell
We Buy Amarillo Houses

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!  We buy houses, we list houses, and we like helping you think of ways to sell your house. Call us today at 806-359-7653 or visit us Sell My Amarillo House.

Mitchell Group-7

 

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