If you’ve been driving around in Memphis, chances are you’ve seen some billboards advertising companies that buy houses.
Often times they say things like “We Buy Memphis Houses!” or “Cash For Your House”.
Are These “We Buy Houses in Memphis Companies” Credible?
If you’re looking to work with a local house buying company, it’s important to ensure that they are honest and credible. While all companies may appear similar at first, there are certain things you can look for to determine their credibility. Buying and selling houses is a legitimate profession that can benefit communities and sellers, but there are always a few bad actors who can tarnish the reputation of the industry.
Some house buyers are ethical and work to improve neighborhoods one property at a time, while others prioritize their profits over the well-being of their clients. These “shady house buyers” exist, and it’s important to avoid them and work with honest and reputable companies who can provide a fair all-cash offer and close on your schedule.
To find the best house-flippers, it’s important to focus on the positive first. Look for companies that have a proven track record of success, with positive reviews and testimonials from satisfied customers. Check if they have a professional website and social media presence, as well as a physical office location. Make sure they are licensed and insured and have experience buying houses in your area. Finally, work with companies that are transparent and communicate openly and honestly with you throughout the process.
What Reputable Memphis House Buyers Are Doing
- Helping folks improve their lives by accessing the money they needright away.Many people need the cash from selling their house to cover unexpected expenses, such as medical bills, or to relocate to be closer to family members. We understand the urgency of these situations and can help make it happen in just a few days. We provide peace of mind by simplifying the process of selling your house quickly and efficiently. Our goal is to help you move forward with your life without any unnecessary delays or complications.
- Helping sellers get rid of a burdensome property without the hassle Our aim is to assist sellers in getting rid of a burdensome property without the hassle of listing it with a broker and waiting for months on end for a sale. We understand that selling a property can be a time-consuming and stressful process, especially if you’re in a hurry to get rid of it. That’s why we offer a quick and hassle-free solution that allows you to sell your property in a matter of days. We take care of all the details, so you don’t have to worry about anything. Our team is committed to helping you get a fair price for your property and moving forward with your life.
- Creating local jobs. We hire plumbers, contractors, 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 Memphis Tennessee.
- 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 Memphis 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 Memphis.
- 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.
House flipping may seem like a get-rich-quick scheme, but in reality, it involves a lot of coordination and attention to detail to ensure that everything happens on time. Many people are misled by the drama portrayed in reality shows, but the reality of flipping houses is not as exciting.
When looking for a credible investor, it’s important to keep this in mind and focus on their track record and reputation. Look for investors who have a proven record of success and a solid reputation in the industry. Check if they are licensed and insured and have experience buying houses in your area. Read reviews and testimonials from previous customers to get an idea of their professionalism and level of customer service. A reputable investor will be transparent about their process and communicate openly and honestly with you throughout the process. By doing your due diligence and working with a credible investor, you can avoid falling victim to a house buying scam and sell your property with confidence.
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?
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 closing attorney or title company… be leery. Most reputable house buying services 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.
- Pressuring you into a fast closing – If a house buyer tries to pressure you into selling your house and says that you have to make the decision today, be leery. Most reputable house buying services will make you and offer and that offer will be on the table for at least 2-7 days (minimum) for you to make a decision. The reason reputable house buying services like ours at Memphis Home Buyers do 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… we buy multiple houses 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 the offer isn’t a fit for you, then we’ll assign those funds to help another seller with their home sale.
Scammers typically look for a quick score and tend to avoid in-depth interviews. They may find excuses to end the conversation and move on to someone who doesn’t ask too many questions. On the other hand, true investors who operate honest and ethical house buying services in Memphis are focused on building long-term businesses based on relationships and community development.
Therefore, when considering a “we buy houses in Memphis” company, don’t be afraid to ask questions. A reputable investor will be transparent and willing to answer any questions you may have about their process, experience, and track record. They will prioritize building a relationship with you and understanding your unique situation and needs. By asking questions and doing your due diligence, you can find a credible investor who can help you sell your house quickly and efficiently while providing you with peace of mind.