If you’ve been driving around in Dallas / Fort Worth, chances are you’ve seen some billboards advertising companies that say We Buy Houses in Dallas / Fort Worth.
Often times you’ll see yard signs posted at intersections of major roads around town or in the grassy areas of gas stations that always say things like “We Buy Dallas / Fort Worth Houses!” or “Cash For Your House”.
Are These “We Buy Houses in Dallas / Fort Worth Companies” Credible?
How do I know if the local house buying companies out there are honest and credible?
Well… sometimes they all look the same and it’s hard to distinguish one from the other just by looking at a yard sign or billboard… but below we’ll walk you through some things to look for in a local house buying company before you decide to work with them.
Buying and selling houses is a valid and respectable profession that can help communities and house sellers in many ways. But just like any other line of work – a minority of house buyers in any market are the ones who make the rest of us look bad.
There are some people who are really great, ethical folks who improve their neighborhoods one property at a time.
And then there are shady, dishonest people who put money ahead of the well being of their clients and who would sign the contract to sell their own grandmother’s house without her even knowing about it in order to make some quick cash.
Yes, sadly we all know those kinds of people are out there.
We’ll help you avoid these “shady house buyers” so you can work with honest, ethical, and reputable local companies who can buy your house with a fair all cash offer and close on your time schedule.
But let’s not focus on the negative – at least not yet.
First, let’s cover exactly what the best house-flippers aka we buy houses in Dallas / Fort Worth companies are doing.
What Reputable Dallas / Fort Worth 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 closer to a relative, or just need the extra funds to start over in their new place. We can make that happen in as little as one week, and we deliver peace of mind throughout the process.
- Helping sellers get rid of a burdensome property without the hassle of having to list it with a broker and wait months and month for it to sell. When we buy houses in Dallas / Fort Worth, you’re not dealing with the middle man. You’re dealing with the buyer directly and a buyer that’s able to pay cash.
- Creating local jobs. We hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators and many other folks along the way. Did you know that the average real estate transaction involves 86 people from start to finish. Our investments help create real jobs for real people around Dallas / Fort Worth TX. So that’s a win-win for everyone.
- 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 just like us.
- Increasing the value of Dallas / Fort Worth neighborhoods. When we improve a home, we’re helping to increase the value of the entire community. We often repair neglected and abandoned houses, turning them into beautiful homes for families. That activity strengthens Dallas / Fort Worth. Ever driven through a neighborhood and see that one house that sticks out like a sore thumb because it’s in such disrepair. Maybe the owner is really struggling to make ends meet, and doesn’t have the resources to fix it up to be the beautiful house it once was. We’ll come in and spruce up the yard, and give the inside and out a little TLC and get the home looking great once again.
- 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 around the area. Again, improving our neighborhoods and community.
Pretty cool 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 and can be quite stressful on our end of things.
Most of our work is coordinating with lots of people to make sure things are happening on time and within budget. We have to keep track of many 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 we buy houses in Dallas / Fort Worth 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 this to We Buy Houses in TX companies:
- 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?
- How do I know you’re not going to change the purchase price after we’re under contract?
- Will you get inspections?
- What charities do you donate to?
- If I need more time than a week, can we close several months from now?
Second, look for tell tale signs of tactics that those few shady operators tend to use.
- “Kitchen table closings” – If a property buyer tries to get you to sign the deed (ownership) of your house over to them at your house, rather than a professional place like a title company… be leery. Most reputable house buying services in [Texas] will perform the actual closing of the sale at a neutral 3rd party place… like a title company. This ensures everything is done right and on the up and up. At Madison Lea Homes because we’re local, we work with local title companies in the area that are trusted and have good reputations within the community.
- Pressuring you into a fast closing – If a house buyer ever tries to pressure you into selling your house and says that you have to make the decision right this second, be leery. Most reputable house buying services will make you an offer and that offer will be on the table for at least 2-7 days for you to make a decision. The reason reputable house buying services like ours at Madison Lea Homes place deadlines on our offers is because the market changes and values can change week to week depending on other sales in the area, also… when we buy houses in Dallas / Fort Worth, we typically are buying several a month and when we make you an offer we’re assuring you that the cash to purchase your house is ready, and we’ll reserve that cash for several days so if you do want to sell your house, we can close on your schedule. If you feel like the offer isn’t a good fit for you, then we’ll assign those 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. So, asking questions is in your best interest.
True investors who run honest and ethical Dallas / Fort Worth house buying services, however, are building long-term businesses based on relationships and community development. They live here and work here, and want to keep a good name around town.
So when you’re looking at one of the “we buy houses in Dallas / Fort Worth companies“… never be afraid to ask questions! If you’d like to see about getting a fair cash from a we buy houses in TX like Madison Lea Homes, we’d love to chat with you!