When you are ready to buy fixer uppers, it can be difficult finding a reputable quick house buying company. There are many companies that want your business but are not really what they say they are. It is important when choosing the right company for your buy to let investment to be aware of the signs of a good quality quick house buying company. By following the tips outlined in this article, you will have a much more pleasant experience when looking for the right company to work with.
The first thing to look for when looking for a quick house buying company is whether or not they are fully licensed to do business in your state. Fast property buyers are licensed by the appropriate government agency in your state. If they are not, they should at least be registered with the Department of Business and Professional Regulations. Also, an authentic quick house buying company should first inspect the value of your house before letting you purchase a home. Not only does this provide you with the peace of mind of knowing you are getting the best price for your home, but also allows the company to do the actual selling of your home instead of you, which can be a much more tedious process.
The next thing to look for is whether the company you choose will allow home buyers to contact them within seven days of the transaction. The reason you want this protection is that you do not want to be stuck holding the bag for the first offer and then having to accept an offer from a competing buyer within seven days of the transaction taking place. Not only can this get you into hot water with the law, but it can also put you out of a job if you were just waiting to find a buyer and then one suddenly shows up with a better offer. Most real estate agents will not work with competing buyers. They will not even allow you to speak to them directly; they will redirect you to someone in their office.
Make sure you ask the company if they will allow the potential buyer to come in to view the property, so you have some idea as to the value. There are also real estate agents who will not allow a buyer to come in unless they make an offer. This obviously defeats the purpose of allowing them to contact you with an offer if they want to, and eliminates any possibility of you seeing the property. This is why you should ask before you sign anything, just to be sure.
Also, be very wary of any quick house buying company that tells you they will hold all the legal documents for you. You need a real estate agent to fill out the necessary forms for a sell and rent back plan and the contract itself. If the company sends you a blank form to fill out and send to the company for you to sign, you are probably dealing with a scammer. The last thing you want to do is hand over your important documents to anyone without them being properly completed or filled out. Quick property buyers in the area can help you with this and fill out the forms correctly.
One thing to remember is you have more control over the whole process by using a quick house buying company, as opposed to not using a real estate agent. Real estate agents have to get the approval of the lender and sometimes other third parties, such as financial institutions, which can delay the process. Always make sure you are using a company that has your best interest at heart and will fill out all the paperwork in a timely manner. You can get more enlightened on this topic by reading here: https://en.wikipedia.org/wiki/For_sale_by_owner.
