If you’ve been driving around Portland, you may have seen billboards advertising companies that buy houses. Or, more likely, you’ve received letters or postcards from investors offering to buy your house. Often times they say things like “We Buy Portland Houses!” or “Cash For Your House”.
Are these “we buy houses in Portland companies” credible?
How do I know if the local house buying companies out there are honest and credible?
They all look the same at the start… but we’ll walk you through some things to consider in a local house buying company before you work with them.
Buying and selling houses is a valid and respectable profession that helps communities and individual house sellers in many ways. But just like any other profession – a minority of house buyers can make the rest of us look bad.
Many house buyers are really great, ethical folks who improve their neighborhoods one property at a time. Or they relieve an owner of a troubling real estate problem.
Then there are a few shady, dishonest people who put money ahead of their clients. Worse than that, they will put their own selfish interests ahead of a client’s best interests.
Sorry, but its true.
We want to help you avoid these “shady house buyers” so that you work with honest, ethical, and reputable local companies that will buy your house for a fair all cash offer and close on your schedule.
But let’s not focus on the negative – at least not yet.
First, let’s explain exactly what the best house-flippers are doing.
What Reputable Portland House Buyers Do
- Help folks improve their lives by accessing money they need right now. People often need the cash in their house to cover unexpected medical expenses, or to relocate to be close to a relative. Reputable house buyers can make that happen in just a few days to deliver peace of mind.
- Help sellers get rid of burdensome property quickly and without hassle. No having to list with a broker, make repairs or wait months for a sale.
- Create local jobs. We hire plumbers, contractors, electricians, brokers, title reps, loan officers, insurers 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 Portland Oregon.
- Buy US products. We spend tons of money on materials made right here in the USA – that creates jobs in our timber mills, factories, supply shops, distribution centers and more. The US economy depends heavily on construction, and that requires investments from folks like us.
- Increase the value of Portland neighborhoods. When we improve a house, we’re helping to increase the value of the entire community. We often repair abandoned or neglected houses, turning them into beautiful family homes where owners can take pride in their neighborhood.
- Increase the tax base. When a new buyer takes over one of our properties, they’ll pay a higher tax rate based on the improved value. Those taxes go to pay for our schools, fire, police, libraries, streets and other valuable pieces of infrastructure. Again, improving our neighborhoods.
Pretty cool stuff, right?
Lots of people think of house-flipping as a get-rich-quick scheme. That’s fueled by silly “reality” shows that amp up the drama. The reality is that what we do on a daily basis is actually pretty boring. And, because the Portland market is so competitive the profit margins are not that great.
Most of our work is coordinating with lots of people to make sure things happen on time. 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 talk with a local house buyer about selling 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 most proud?
- 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 bad operators tend to use.
- “Kitchen table closings” – If a property buyer tries to get you to sign ownership of your house over to them at your kitchen table, rather than a professional place like an attorney’s office or title company… be leery. Most reputable house buying services will close the sale at a neutral 3rd party location… 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 faster than you desire, be leery. Reputable house buying services will make you an offer good for at least 2-7 days. The reason reputable house buying services like AppleTree Group LLC place deadlines on our offers is because the market changes. Values can change week to week depending on other sales in the area. Also… we may buy multiple houses a month. When we make you an offer we’re assuring you that the cash to purchase your house is ready. We’ll reserve that cash for several days so we can close on your schedule. If the offer we give isn’t a fit for you, then we’ll assign those funds to help another seller.
Most scammers are looking for a quick score, and not an in-depth interview. Chances are good 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 Portland house buying services are building long-term businesses based on relationships and community development. AppleTree Group LLC prides itself on its transparency. We want you to understand every detail about the sale of your house!
So when you’re looking at one of the “we buy houses in Portland companies“…
never be afraid to ask questions!
Give us a call anytime at (971) 246-7954 or
fill out the form on this website today! >>
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