Is it safe to deal with We Buy Houses in New York companies?

Can You Trust These “We Buy Houses in New York Companies”?

You’ve probably seen some billboards advertising house-buying companies when driving through New York.

In most cases, they say “We Buy New York Houses! ” or “Cash For Your Home”.

How Trustworthy Are These “We Buy Houses in New York Companies”?

What is the best way to determine if the local house buying companies I’m considering are trustworthy?

We’ll share some things to look for in a local house buying company before you choose them.

In many ways, buying and selling houses can benefit communities and house sellers. However, like any other field of work, a minority of house buyers make the rest of us look bad.

A lot of people are ethical and dedicated to improving their neighborhoods.

Then there are the dishonest and shady people who put money before the well-being of their clients and who would sign a contract to sell their own grandmother with one hand while stabbing you in the back with the other as long as they made enough money.

It is true that they exist.

It’s our job to help you avoid these “shady house buyers” so you can work with honest, ethical, and reputable local companies who can buy your house for a fair all-cash price and close on your timeline.

We shouldn’t focus on the negatives just yet.

Let’s start by examining what the best house-flippers are doing.

Here’s what reputable New York house buyers do

  • Giving people access to money they need right away to improve their lives. In some cases, people need the cash in their houses to cover unexpected medical expenses, or they need to relocate to be closer to family. Within a few days, we can make it happen, and we provide peace of mind.Our goal is to help sellers get rid of burdensome properties without having to wait months and months to sell them with a broker.
  • By creating local jobs. Throughout the process, we hire plumbers, contractors, electricians, brokers, title representatives, loan officers, administrators, among others. A real estate transaction typically involves 86 people from beginning to end. As a result of our investments, real jobs are created for people in New York New York.
  • Purchasing US products. The materials we buy are made right here in the USA, creating jobs in our timber mills, factories, supply shops, distribution centers, and more. People like us need to invest in the US economy if it is going to continue to grow.
  • Enhancing the value of New York neighborhoods. Our improvements help increase the value of the entire community. Often, we turn abandoned and neglected houses into beautiful homes for families. New York benefits from that activity.
  • An increase in the tax base. The new owner of one of our properties will pay a higher tax rate based on the new value. These taxes support our schools, fire departments, police, libraries, streets, and other vital infrastructure.  It’s all about improving our neighborhoods.

That’s pretty cool, isn’t it?

House flipping is often seen as a way to get rich quick. That comes from silly “reality” shows that feature a lot of drama because reality is pretty boring.

We coordinate with many people to ensure things take place on time most of the time. It is necessary to keep track of a lot of moving parts.

Here’s how you can use this information to find out if someone is a credible investor and not just trying to steal your money.

Here are some tips to make sure you’re working with a reputable local house buyer

Ask them some of the questions below when talking to a local house buyer about buying your house… to ensure they’re credible, knowledgeable, and honest.

Consider asking open-ended questions such as:

  • Which services do you offer to your clients?
  • What do you do to help people?
  • What services do you offer?
  • What is your investment philosophy?
  • Can you guarantee that you’ll close on my house when you say you’ll?

Check for telltale signs of tactics used by those few shady operators.

  • Be leery of “closings at the kitchen table” – If a property buyer is asking you to sign the deed at your house rather than a professional location like a closing attorney or title company… be wary of them.  The actual closing of the sale will take place at a third party neutral place, such as a title company, for most reputable house buying services. By doing this, we ensure that everything is done correctly.
  • You should be leery of house buyers who try to pressure you into selling your house. A reputable house buying service will make you an offer, and that offer will be on the table for at least 2-7 days (minimum) before you decide.  We place deadlines on our offers because reputable house buying services like ours at Sell My NY Property Fast change values week to week based on other sales in the area.We buy multiple houses a month, and when we make you an offer we assure you that the cash to purchase your house is ready and we’ll reserve that cash for several days so that if you decide to sell your house, we can close on your schedule.  We will allocate those funds to help another seller sell their home if you aren’t satisfied with the offer.

It is rare for scammers to conduct in-depth interviews, as they are looking for quick scores.

If you ask too many questions, chances are they’ll find excuses to get off the phone.

The real investors, however, are building long-term businesses based on relationships and community development in New York.

So when you’re looking at one of the “we buy houses in New York companies“… never be afraid to ask questions!

You can reach us at (516)-650-2114 at any time!

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