Are “We Buy Houses” Companies Legitimate?
Are “We Buy Houses” companies legitimate? This is a fair question for anyone. You want to know if these companies/people are going to scam you or your neighbour who are looking to sell their house without a realtor. Here are a few questions to consider:
Can they actually buy your house?
Will they be honest & fair?
Will they give a fair number for the property?
Are they real people in my community?
All good questions! First, let’s keep in mind that the traditional way of selling - with a real estate agent - also has risks. There are so many realtors out there, and while there are many good ones, there are also a lot of bad realtors who don’t have your best interest in mind. The real estate agent you choose might promise you a number that you had in mind, but then cannot deliver or can only provide deals with multiple conditions (i.e. financing clause, home inspections, close when their house sells, possible close date extensions, etc.).
Good realtors will work hard to get both the seller and buyer involved, and to get the most sensible and best deal possible. Everyone always thinks that the top dollar is the all mighty factor, the only thing that matters. This is unfortunately not the case - a qualified buyer who can actually close the deal is the best in our opinion!
What “We Buy Houses” Offers
The same can be the case with “We Buy Houses” companies. A lot of the time people associate these companies with a scam, or with people trying to rip off sellers. But just like with realtors - there are good and bad cash home buyers. Most of the “we buy houses” companies are legitimate real estate businesses run by people in your community.
So to circle around to the original question - are “we buy houses” companies legitimate? The answer is yes, you have to check them out though. There are a lot of “we buy houses” signs out there and you’ve probably received those handwritten letters in your mail. Sorting through and trying to make sense of them all can be a task. We recommend looking up referrals, and a website is definitely something important to check out. You want to know that the person coming into your home is not there just to low ball you and not actually be able to close on the property come the time. With a “we buy houses” buyer, you hold the power. You close when you want, on your terms.
In conclusion
The “we buy houses” is as legitimate as any other realtor in the business, just do your research and make sure they are the right fit for your needs! If you would like to learn more about our process of buying houses, click here.
We buy houses in the Durham Region, Oshawa, Bradford, New Market, York Region, Simcoe County and all throughout Ontario. We have spent over a decade in the real estate industry in Canada and we know how to offer you a simplified process for selling your house—quickly!
