Is We Buy Houses Scam?

Have you asked yourself “Is We Buy Houses Scam”?

 

If you’ve been driving around in Central Florida , chances are you’ve seen some signs advertising “we buy houses cash”. You may also have gotten a letter in the mail stating “we buy houses cash”.

You may ask yourself are these We Buy Houses Scam? Are these companies legitimate?

The truth is they all can look very similar.  Let me try to explain this a little better so you know what to look for in a local house buying company before you give them a call.

Buying and selling houses is a very legitimate and respectable profession that can help the area in many ways. However just like other industries a few bad apples can give the industry a bad name.

There are people who are truly amazing people who only want to improve the area and community.

And then there’s dishonest people who just try to get you to sign the contract, and maybe even not close on your home. They really don’t care – as long as they were making some money.

Yes, unfortunately these companies do exist…

My goal is to help you avoid  “dishonest buyers” so you can work with ethical, respectable, and reputable local companies who can buy your house for a fair all cash offer and close on your schedule.

But let’s not focus on the negative – at least not yet.

First, let’s cover exactly what the best house-flippers are doing.

What Reputable Central Florida House Buyers Are Doing:

First they help resodnets improve their lives by accessing the money they needright away. People often need the cash in their house to cover unexpected medical expenses, or to relocate to be close to a relative. We can make that happen in just a few days, and we deliver peace of mind.

Second they help sellers get rid of a burdensome property without the hassle of having to list it with a broker and wait months and month for a sale.

We create  local jobs. We hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators and many other folks along the way. The average real estate transaction involves 86 people from start to finish. Our investments help create real jobs for people around Orlando Florida.

We buy US products. We spend tons of money on materials that are made right here in the USA – that creates jobs in our timber mills, factories, supply shops, distribution centers and more. The US economy depends on steady improvement, and that requires investment from folks like us.
We Increase the value of Central Florida neighborhoods. When we improve a house, we’re helping to increase the value of the entire community. We often repair abandoned and neglected houses, turning them into beautiful homes for families. That activity strengthens the area.

We increase the tax base. When a new buyer takes over one of our properties, they’ll pay a higher tax rate based on the new and improved value. Those taxes go to pay for our schools, fire, police, libraries, streets and other valuable pieces of infrastructure. Again, improving our neighborhoods.

This is great stuff, right?

Lots of people think of house-flipping as a get-rich-quick scheme. That’s fueled by silly “reality” shows that amp up the drama because the reality of what we do on a daily basis is actually pretty boring.

Most of our work is coordinating with lots of people to make sure things are happening on time. We have to keep track of lots of moving parts.

So let’s get back to how you can use this information to find out if someone is a credible investor, and not just pulling a house buying scam.

In order to ensure you are talking with a credible local house buyer ask some questions  … ask them some of the questions below to ensure they’re reputable, knowledgeable, and honest.

Ask open-ended questions like:

How do you help your clients?
What do you do for people?
Can you tell me more about your services?
What aspect of your business makes you the most proud?
How would you describe your investment philosophy?
How can I know that you’ll close on my house when you say you will?
Odds are  scammers are looking for an easy target , and not an in-depth interview. If you start asking these questions they will find exercises to get off the phone and move on to someone who isn’t asking many questions

On the other hand investors who run Ethical and Honest Central Florida house buying services, however, are building long-term businesses based in building relationships.  This means when you are considering one of the “we buy houses in Orlando companies“… dont be afraid to ask questions.

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