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.

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.