Selling Your House For Cash Is A Great Idea But Make Sure Whom You Are Working With
Selling your house for cash can be as easy as 1-2-3, but make sure you know who you are dealing with. There are some very good companies but finding the companies can be difficult at times and ensuring that they are legitimate home buyers.
Legitimate home buyers come in many flavors from wholesalers, fix and flips, and buy and hold investors. Each of these investors has their pluses and minuses. In this article, we will review fix and flip investors.
How Do I Find Fix And Flip Investors?
One of the easiest ways to find fix and flip investors is on the internet where you can query by using different keywords. Some of the keywords are We Buy Houses, Sell My House Fast and Buy My House Fast. Depending on where you are located, you should put the location. An example of this is We Buy Houses in New Jersey where you will find multiple companies that will buy your house.
What Should I Look For On The Investor’s Website?
A website can tell a lot about the company and who you are dealing with. Does it look professional? You want a company that wants to invest the time to maintain its website and brand. If they cannot maintain their brand and website, how are they going to take care of you? Look for testimonials that were left on Google and trust pilot as well as client’s video on the investor’s website. You can tell a lot by looking at the videos and the people in the videos.
What About Trade Organizations?
You should also see if the investor is affiliated with any organizations like the Better Business Bureau (BBB) or other trade organizations. Being a member of an organization like the BBB holds a lot of weight on the integrity of the organization. The organization has to go through a strict vetting process and needs to maintain a high degree of professionalism and standards. There are many affiliations out there, but BBB is one of the best in terms of relying on their members.
How Do They Buy The House?
Buying your house and the process that the investor goes by is very important. You need to ask how this is done and how long it will take. Certain websites will explain their process in detail which is important and lays it out in black and white. If you are selling for cash, make you are selling it As-Is. That means the investor will not come back and ask for concessions or for you to correct the issues with anything in or outside the house.
I Researched A List Of Cash Home Buyers That Do Fix And Flips. Now What?
The next step is to start calling your list of investors and asking them about their experiences on what went well and not so well. If everything was perfect, that should be a red flag. Real estate is complicated, and everything does not go smoothly. If someone said that everything always went smoothly, they were either lying or did not do enough transactions. When reviewing the investor’s experience, it is important to go with your gut sometimes. If something doesn’t seem right, it probably isn’t. An example of a well-known fix and flip investor.