We buy houses companies seem to be becoming more and more popular. From yard signs, to billboards, to commercials and even postcards, these we buy houses companies seem to be all over the place in Corpus Christi.
Why are these companies advertising that they buy houses? What is their purpose and what do they do exactly? This is something that a lot of people wonder about, but very few people understand the role that we buy houses companies play in the real estate market.
So what exactly are these companies advertising? What do they mean they buy houses for cash? The answer may be more simple than you think. Many times behind these advertisements are investors who buy properties for investment purposes. They advertise cash purchases of homes in order to provide value- in return for buying the property at a discount. In Corpus Christi there is a rise of “we buy houses” companies, so it’s important to know which ones are legitimate and which ones to stay away from.
The most important thing to find out is if the investors are local or out of town. It’s always better to deal with local investors in person. What happens many times is you call some number and it ends up being an investor in Dallas, who hires some random guy name Mike to go around trying to buy houses from people. The problem is that Mike does not know anything about real estate and is just trying to be a salesman. You want to make sure that you are actually working with the person that’s going to buy your house and not some random middleman.
Another problem that you may run into with these companies is that they are not actually paying cash for your house. A lot of these people advertising that they buy houses are actually doing something called “assignments”. An assignment is when they tell you they’re going to buy your house, but in reality they do not have the money themselves to buy anything, so they go around trying to sell the contract to someone else who actually has money. The problem with this is that many times these assignments fall through and you are left with a voided contract.
On a positive note, when the company that you work with is legitimate, they can truly be a huge advantage and benefit to you. These companies can close on your property fast and you can have the money in your hands in as little as a week many times. The best part about these type of companies is that they do not require inspections or repairs on your property. Inspections and repairs are usually the greatest hindrance for people that need to sell their house.
If you have anymore questions about finding a reputable company that buys houses in Corpus Christi, or you were in need of selling your house, feel free to reach out to us! 361-271-3279 We buy home’s from folks in Corpus Christi, and will make sure you are treated fairly!