Companies that advertise “We Buy Houses” are largely legitimate real estate companies. Make sure you do your research with a we buy houses for cash company before accepting an offer. Cash buyers are legal and legitimate. However, as in any industry, there are scammers or companies that don’t follow best practices.
It’s up to you as a consumer to do your research so you’re fully aware of how the company works. We buy houses is a slogan used by companies that offers people cash for their homes. However, it can also refer to a direct home buyer branch. It’s important to know the difference between the two.
The simple answer is yes. Blue Trust Properties is one such company. Blue Trust Properties sets national standards that its employees must meet, making it more credible when we say “we buy houses in any condition” than any other private cash buyers that are not checked by anyone. But the “We Buy Houses” and “Cash For Your House” companies are largely 100% legitimate real estate companies. Okay, let’s start by understanding that not everyone needs or wants to sell their house fast enough to sell it for a cheap deal.
Some people may wait a few months or more to sell their home in hopes of getting a better deal with more profit but the backbone of the business is for people who want or need to sell their homes as quickly as possible. What happens to those who do decide to either entertain or accept the cash offer. How does it work so that you get what you want, know what to expect, and feel like you’ve received the best deal possible? With Blue Trust Properties, there are no contingent liabilities that are added to the contract? We do not add any exit clause such as when it says a company can exit the contract if a buyer is not found within 30 days? Because that’s 30 days left to add to your finances for mortgages, taxes, insurance, utilities, etc.. have added. When Blue Trust Properties says that we buy houses as-is, we stand by every offer that we make. We will buy your home.
Here are some of only a few instances that separates Blue Trust Properties from other “We Buy Houses” companies when you are checking the we buy houses reviews. Just remember, you expected to have cash in hand in less than 30 days, if a wholesaler doesn’t get a buyer and withdraws within 24 days, and you have the house you wanted to sell quickly, that completely throws all of your plans out the window. An offer from Blue Trust Properties nullifies that. Many of these “We Buy Houses” companies are actually wholesalers who disguise themselves as cash buyers. Selling your home for cash is typically faster than selling it to a buyer funded by an institutional lender.
Calling a house change company from a sign on a telephone pole and building a relationship with them without investigation can lead to financial suicide. By definition, a real estate investor buys a property for less than its value, performs any necessary repairs and updates, and then sells the house for a profit, usually within a short period of time. For the most part, the companies that buy houses for cash offer you far below the market value of your home. There are many local investors in your market who will do the same and would be happy to see if they could make a deal with you to buy your home quickly and for cash.
We buy houses as is. A home can deteriorate significantly over a long period of time, especially if there is no regular maintenance and no repairs are made to keep all the components of the home in perfect working order. And it is these homes that are attractive to the “Buy Your House for Cash” people with their advertising. Unfortunately, while these companies meet the needs of specific sellers, they are not always the best solution for homeowners looking to sell.