If you’ve been driving around in Fort Wayne, chances are you’ve definitely seen some billboards advertising companies that buy houses.
Often times they say things like “We Buy Fort Wayne Houses!” or “Cash For Your House”.
Are These “We Buy Houses in Fort Wayne Companies” Credible?
How do I really know if the local house buying companies out there are being honest and credible?
Well, sometimes they do all look the same at the start, but below we’ll walk you through some things to look for in a local house buying company before you should work along with them.
Buying and selling houses is a valid and respectable profession that can help communities and house sellers in many ways. Just like any other line of work – a minority of house buyers in any market are the ones who make the rest of us all look bad. Just like other professions.
There are people who are really amazing, ethical folks who want to improve their neighborhoods one property at a time.
And then there’s 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 with one hand while stabbing you in the back with the other – as long as they were making enough money.
Yes, they 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 for a reasonable all cash offer and close on your own schedule.
But let’s not focus on the negative – at least not yet.
First, let’s cover exactly what the best house-flippers are doing.
What Reputable Fort Wayne House Buyers Are Doing
- Helping folks improve their lives by accessing the money they need straight away. People often need the cash in their house to cover unexpected medical expenses, or to relocate to be closer to a relative. We can make that happen in just a few simple days, and we deliver peace of mind.
- 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 a sale.
- Creating local jobs. We hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators and many other folks along the way. The most common real estate transaction involves 86 people from start to finish. Our investments help create real jobs for people around Fort Wayne IN.
- Buying US products. We spend tons of money on materials that are made right here in the USA – that creates jobs in our own timber mills, factories, supply shops, distribution centers and more. The US economy depends on steady improvement, and that requires investment from people exactly like us.
- Increasing the value of Fort Wayne neighborhoods. When we improve a house, we’re helping to increase the value of the entire community. We do often repair abandoned and neglected houses, turning them into the most beautiful homes for families. That activity strengthens Fort Wayne.
- Increasing the tax base. When a brand 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 very neighborhoods.
Pretty cool stuff, right?
Quite a ton 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 very boring and normal.
Most of our work is coordinating with quite a lot of people to make sure things are happening on time, and correctly. We have to keep track of lots of 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 house buying scam.
How To Ensure You’re Working With A Reputable Local House Buyer
When you chat with a local house buyer to potentially buy your house you should 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 wary, my friend. 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 and push you into selling your house and says that you have to make the decision today, proceed with caution. 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 good decision. The reason reputable house buying services like ours at Sky Line Properties LLC 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 do 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 definitely feel the offer isn’t a fit for you, then we’ll assign those funds to help another seller with their home sale.
Most scammers are searching for a quick score, and not an in-depth interview.
Chances are great that they’ll find excuses to get off the phone and move on to someone who doesn’t ask too many questions.
True investors who run honest and ethical Fort Wayne house buying services, however, are building long-term businesses based on relationships and community development.
So when you’re looking at one of the “we buy houses in Fort Wayne companies“… never be afraid to ask questions!