If you’ve been driving around in Lagrange, chances are you’ve seen some billboards or heard some radio commercials advertising companies that buy houses.
Often times they say things like “We Buy Lagrange Houses!” or “Cash For Your House”.
Are These “We Buy Houses in Lagrange Companies” Credible?
Determining the honesty and credibility of local house buying companies can be a challenging task. Initially, these companies may appear similar, but there are certain factors that you should consider before deciding to work with them.
Buying and selling houses is a legitimate and noble profession that can help both communities and house sellers in various ways. However, like any other field of work, a few bad apples can ruin the reputation of the entire industry.
Fortunately, there are ethical and honest house buyers who work hard to improve their neighborhoods and serve their clients well. On the other hand, some individuals prioritize financial gains over the well-being of their clients and would do anything to close a deal, even if it means betraying their trust.
Although these unethical buyers do exist, we can help you avoid them and work with trustworthy, honest, and reputable local companies that can buy your house for a fair cash offer and close on your preferred schedule.
Rather than focusing on the negative aspects, let’s explore what the best house flippers are doing and how they operate.
What Reputable Lagrange House Buyers Are Doing
- Helping folks improve their lives by accessing the money they need right 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. Make sure you are asking these house buying companies to provide you with a proof of funds to show they have the money to buy your property.
- Helping homeowners or investors get rid of a problem properties without the hassle of having to list it with a broker and wait months and month for a sale.
- Creating local jobs. We hire plumbers, contractors, handymen, 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 Lagrange GA.
- Buying 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.
- Increasing the value of Lagrange 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 Lagrange. We also aren’t slumlords. We are not putting lipstick on a pig & then throwing a tenant in the home. We pride ourselves on providing beautiful, safe, and functional housing for Albany’s citizens.
- Increasing 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.
Creating some positive value 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.
How To Ensure You’re Working With A Reputable Local House Buyer
When you talk with a local house buyer to potentially buy your house… 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 proudest?
- How would you describe your investment philosophy?
- How can I know that you’ll close on my house when you say you will?
- Are you the actual buyer or are you planning on assigning this home to another end buyer?
- Can you share some of the properties you own in the area?
- Can you show us your proof of funds?
Second, look for tell tale signs of tactics that those few shady operators tend to use.
- “Kitchen table closings” – Be cautious if a property buyer asks you to sign the deed of your house over to them at your residence, rather than in a professional setting like a closing attorney or title company. Genuine house buying services usually conduct the actual closing of the sale at a neutral third-party location such as a title company to ensure everything is legal and above board.
- Pressuring you into a fast closing – Be cautious if a home buyer tries to pressure you into making a quick decision to sell your house. Most reputable home buying services will offer you ample time to consider their offer, typically 2-7 days minimum. While there may be a deadline on the offer, it’s usually because the real estate market is dynamic, and values can change based on recent sales in the area. Additionally, reputable buyers like us at Flagship REI buy multiple houses a month, and when we make an offer, we have the cash ready to purchase your house and reserve it for several days so that we can close on your schedule. If you decide not to accept the offer, we’ll assign the funds to help another seller with their home sale.
Most scammers are looking for a quick score, and not an in-depth interview.
Chances are good that they’ll find excuses to get off the phone and move on to someone who doesn’t ask too many questions. If they don’t take the time to sit down and answer your questions & concerns, likely they are up to no good.
And a lot of times these folks aren’t necessarily scammers. But they often times are what we call ‘wholesalers’ in the industry. They claim they are buying your house all cash, but in reality, they are trying to sell the contract they have with you off to an actual buyer in the market. These folks don’t necessarily have bad intentions, but if their end buyer backs out of the deal, they’ll ultimately have to back out as well. You will want your buyer to be able to show you homes they currently own or have previously owned in the market. If they don’t have any houses in the area, chances are, they aren’t an actual buyer, but a wholesaler.
True investors who run honest and ethical Lagrange house buying services, however, are building long-term businesses based on relationships and community development.
So when you’re looking at one of the “we buy houses in Lagrange companies“… never be afraid to ask questions! These questions can make your life much easier down the line!
Joke of the Day:
Why don’t scientists trust atoms?
Because they make up everything!