5 Underrated Benefits Of Selling Your House To A Local Homebuyer

Colby Hager on March 5, 2023

5 Underrated Benefits Of Selling Your House To A Local Homebuyer

Selling a house that has some issues like repairs, inherited, bad tenants, foreclosure, or maybe even bad smells from pets can be a little different than selling a house the traditional way. Sometimes a cash transaction is the best way to handle the sale of a house that has issues.

Finding the right buyer that has the ability to buy a house with cash and that is also willing to buy a house that needs repairs or has other issues can require some looking around. Selling your house to a local homebuyer is likely your best bet.

There are some obvious benefits to selling your house to a local home investor. In addition to the obvious benefits, there are many benefits that most people don’t realize come with working with a professional “we buy houses” buyer that is local and focuses on buying houses in your specific area.

Sell Your House Discretely

One benefit of selling to a local home buyer is the privacy and discretion that comes with it. You won’t have to worry about neighbors or other people in the area knowing your personal business. You won’t have strangers coming through your house looking at it and you don’t have to worry about fixing anything up for showings.

There won’t be any signs in the yard advertising a sale. No real estate agents knocking at the door at all times of the day. Plus there won’t be an obnoxious number of cars with magnetic signs parked in your driveway telling the world what’s going on. No one is going to be posting about your house for sale all over Facebook and other social media sites.

The sale of your house will just be between you and the homebuyer you are working with.

The Sale of Your House Will Be Simple

Selling your house to a local homebuyer is also much simpler and quicker than selling it the traditional way. The homebuyer will handle all of the paperwork for you and be able to close on the sale quickly, often within just a few days or weeks. You won’t have to worry about dealing with dozens of showings, complex negotiations, multiple inspections, or the headaches of banks.

When you sell your house to Capstone Homebuyers for example, we handle all of the paperwork, we work with the title company, and we bend over backwards to make the sale easy for you. You just show up to collect your money on the day of closing.

Local Home Buyers Are Ready to Buy At Any Time

Local homebuyers are often open to buying your house at any time. It doesn’t matter whether the market is hot or if it’s in a lull, they will be willing to buy. They also don’t care about any of the issues that may come with a house such as repairs, smells from pets, bad tenants, or inherited houses.

They understand that sometimes you just need to sell quickly and for cash and they have the means and ability to make it happen for you. You won’t have to worry about waiting for buyers who need financing or deals that don’t close because of lenders not approving a loan.

Selling The House Will End the Holding Costs

When you sell your house to a local homebuyer, you can put an end to any holding costs associated with the property. You won’t have to worry about paying utilities, insurance, or taxes on a property that is just sitting there possibly not generating any income for you. This can be especially beneficial if you inherited the house and weren’t expecting it in the first place.

You’ll also save time and money by not having to deal with repairs or upkeep of a property that you don’t want anymore. You can simply hand off all of the responsibility to the real estate investor who will take over from here.

You Can See The Property After Renovations Are Complete

For those who would like to see the property after it has undergone renovations, local homebuyers are often willing to accommodate this request. You can come back and see your old house with a fresh face and take pride in knowing you sold it to someone that appreciated what they got.

Many times, family, friends, and even neighbors that spent time in the house over the years want the chance to see the house restored to it’s original glory. When you work with a local company that buys houses, they will almost certainly invite you back once the updates are completed for a private tour. This is a benefit that the big nationwide corporate buyers simply can’t offer.

Sell Your House To Capstone Homebuyers

Selling your house to an experienced local homebuyer is a fast and efficient way of selling your house for cash without having to go through the hassle of dealing with open houses, showings, and long drawn-out negotiations. Plus you get the added benefit of discretion, privacy, and not having to deal with any holding costs associated with the property.

So if you need to sell fast for cash, working with a local homebuyer is a great option for you. Contact us at Capstone Homebuyers today to learn more about our services and how we can help you get the cash you need quickly.

Reasons Why Selling To A Local Cash Homebuyer Might Be Right For You

Colby Hager on October 24, 2022

Reasons Why Selling To A Local Cash Homebuyer Might Be Right For You

Selling your house can be time-consuming and stressful no matter how you go about selling. With a realtor, you have someone helping you through the process but there is still so much uncertainty. Plus, a real estate agent isn’t the one who is buying your house so they don’t have skin in the game.

Selling your house to a local cash homebuyer might be right for you for many reasons. We are going to cover what some of those reasons might be and why a cash offer is a great way to sell.

Why A Local Cash Buyer

When you sell to a local cash homebuyer, you get the benefit of working with real people from your community. A local buyer can often pay more because they know the nuances of the areas within the city and have the ability to be more flexible.

When you sell your house to an online iBuyer, you lose the ability to have a personal connection to the company you are selling to, you run the risk of having a computer-generated offer miss the mark for your particular house, and there is the uncertainty of not being sure who is behind the corporate veil. These reasons mean that a local buyer is often the better choice.

So when should you contact a local homebuying company?

Selling Because You Don't Want To Make Repairs

This is a common reason to sell your house to a cash buyer. If you don’t want to make repairs, or can’t afford to make repairs, then it might be time to consider selling your house as-is.

Making repairs can be expensive and often not worth the investment if you are trying to sell your house quickly or for top dollar. When you sell your house as-is, the homebuying company will account for the necessary repairs in their offer.

Selling In Order To Relocate Quickly

When you need to move for a job or other personal reasons, you often have a timeline that you need to meet. Selling your house on the market with a real estate agent doesn’t always fit that timeline. An agent will need time to list the house, show the house, and then find a buyer who is qualified and wants to buy your particular house.

This process can often take months which might not be feasible if you have already relocated or have to move by a certain date. A local cash house buyer can move quickly and will close on your timeline.

Selling Because The House is in A Bad Neighborhood

The location of your house can make it hard to sell even if the house itself is in good condition. If you live in a bad neighborhood or an area that is going through a period of transition, it can be difficult to find a buyer who is willing to take on the challenges that come with those types of areas.

When you work with a local homebuying company, they are familiar with these types of neighborhoods and have the experience to know how to deal with them. This means that you are more likely to get a fair offer for your house and won’t have to wait months or years to find the right buyer.

You Want To Save Money By Not Paying Commissions

Real estate agents typically charge a commission that is a percentage of the final sale price of your house. This can be a significant amount of money, especially if your house sells for a high price.

When you sell to a company that buys houses, you don’t have to pay any commissions or closing costs which means that you get to keep more of the money from the sale of your house.

Selling to Avoid Foreclosure

If you are in danger of foreclosure, it is important to act quickly. Selling your house to a professional property buyer can help you avoid foreclosure and the damage it does to your credit score.

When you sell your house to a cash buyer, you can often get the money from the sale in as little as seven days. This means that you can use that money to pay off your mortgage and avoid foreclosure. Often, a “we buy houses” company can discuss options to halt the foreclosure immediately.

You Want A Guaranteed Closing Date

When you list your house on the market with a real estate agent, there is no guarantee that your house will sell. Even if you do find a buyer, there is no guarantee that they will be able to get financing or that the deal won’t fall through for some other reason.

When you sell your house to a company that buys houses, you are guaranteed a closing date. This means that you can move on with your life without having to worry about whether or not the sale of your house will actually go through.

You Can Sell Your House Fast

One of the biggest advantages of selling your house to people that buy houses professionally is that you can sell your house fast. Often, these companies can close on your house in as little as seven days. This means that you don’t have to wait months to sell your house.

If you are facing a situation where you need to sell your house quickly, working with a reputable cash buyer is often the best option. You can get the money from the sale of your house and move on with your life without having to worry about repairs, commissions, or finding the right buyer and waiting for them to get a loan.

You Value Convenience and Customer Service

When you work with a legitimate local house buyer, you are working with a team of professionals who are dedicated to making the process as easy and convenient for you as possible. These companies often have a staff of customer service representatives who can answer any questions you have and help you through the process.

In addition, these companies will often take care of all of the paperwork and repairs that need to be made before closing on the house. This means that you don’t have to worry about anything except getting your money from the sale of your house.

You Want To Sell Your House As-Is Without Inspection Negotiations

One of the biggest hassles of selling a house is dealing with inspection negotiations. Often, buyers will request that repairs be made to the house before they are willing to close on the deal. This can be a time-consuming and expensive process.

When you sell your house to a company that buys houses as-is, you don’t have to worry about inspection negotiations. These companies will buy your house regardless of the condition it is in. This means that you don’t have to make any repairs or even clean out your house before you sell it.

You Don't Want To Have Multiple Showings

Another big advantage of selling your house to a cash house-buying company is that you don’t have to deal with multiple showings. When you list your house on the market, you will often have strangers coming into your house at all hours of the day and night. This can be disruptive and inconvenient.

When you sell your house to a cash for houses buyer, you only have to deal with one showing. The buyer will come to look at the house and if they are interested, they will make an offer. You don’t have to worry about having strangers in your house or trying to keep it clean for showings.

You Want to Avoid Trying to Sell During the Holidays

The holidays are a difficult time to try to sell a house. Often, people are too busy with family and travel to worry about looking for a new house. In addition, many people receive their end-of-year bonus around the holidays and don’t want to use it to buy a house.

If you try to sell your house during the holidays, you may find yourself waiting months for a buyer. However, if you sell your house to a cash buyer, you can often close on the deal before the holidays even start. This means that you can avoid the stress of trying to sell during the busiest time of the year.

Sell Your House to Capstone Homebuyers in San Antonio

If you are looking to sell your house fast in San Antonio, Capstone Homebuyers can help. We are a local company that buys houses as-is for cash.

This means that you can sell your house fast, without having to make any repairs or even clean it out. In addition, we take care of all of the paperwork and closing costs so you don’t have to worry about anything except getting your money from the sale of your house.

If you are interested in learning more about selling your house to Capstone Homebuyers, contact us today. We would be happy to answer any questions you have and give you a no-obligation cash offer for your house.

Selling to A Home Buying Company in San Antonio: What to Look For

Colby Hager on September 24, 2022

Selling to A Home Buying Company in San Antonio: What to Look For

Are you considering selling your house to a home-buying company in San Antonio? It can be a great option when you need to sell quickly, but it’s important to do your research first and know what to look for.

There are a lot of home buying companies in San Antonio but not all home buying companies are created equal, and some may not be reputable or offer fair prices. Some might not even be the actual buyers. So, how do you know which company is right for you? Here are a few things to consider.

Characteristics of the Best Homebuyers in San Antonio

Experience With Your Specific Situation

A good, reputable home buying company will have experience with your specific situation.

For example, if you are going through a divorce or have inherited a property, you’ll want to look for a company that has worked with people in those situations before. This shows that they know how to handle the paperwork and will likely be more understanding of your unique situation.

Great Customer Service From the Home Buyer

When you’re selling your house, you should feel like you’re the only customer. The home buyer should be attentive and responsive to all of your questions and concerns. If they’re not, that’s a red flag. You should also look for a home buyer who is available when it’s convenient for you. You will want the home buyer to be willing to work around your schedule and not the other way around.

Home Buyers Who Are Responsive With Communication

If you are talking with multiple home buying companies local to San Antonio, notice how they treat you, and their responsiveness, and make sure they follow through with their commitments. The best home buyers will be responsive with communication throughout the process of getting you an offer.

A Home Buyer With A Strong Financial Position

You’ll want to work with a home buyer who has the financial ability to actually purchase your home. Ask them about their funding and how they plan to close on the deal. If they don’t have the cash on hand to buy your property outright, they should at least have access to private funding or be able to get pre-approved for a “same as cash” loan.

Asking for proof of funds is not out of bounds. If the company plans to buy your house fast with cash, proving they actually have the money should be no problem at all.

Fast Offer and Low Pressure

A great home buyer will make you a fair, all-cash offer within 24 hours and there should be no pressure to take the offer. If you’re being pressured to take an offer or told that the price will go down if you don’t accept right away, that’s a red flag.

You should never feel like you’re being taken advantage of or that you have to make a decision on the spot. A reputable home buying company in San Antonio will be confident in their offer and their home buying process and won’t need to resort to high-pressure sales tactics to win business.

Can Buy Fast or on Your Timeline

The best home buyers will be able to work on your timeline. If you need to close fast, they should be able to do that. But if you need more time, they should be flexible and accommodating.

Keep in mind that a home buyer who can close quickly is usually a good sign that they’re a cash buyer. Most companies that buy houses in San Antonio that are legitimate cash buyers will even be willing to offer a leaseback if you need more time to move.

Questions to Ask A San Antonio Home Buyer

How Long Have You Been Buying Houses in San Antonio

Finding out how long the home-buying company has been buying houses for cash in San Antonio is a good way to gauge their experience. The longer they’ve been in business, the more likely it is that they’re a reputable company.

How Much Experience Do You Have Buying Houses

Even if the company has been buying houses in San Antonio for a long time, they may not have experience with your specific situation. Like our previous example, if you are going through a divorce or have inherited a property, you’ll want to look for a company that has worked with people in those situations before.

Can You Give References

If the home-buying company is legitimate, they should have no problem giving you references from past clients. Another reference to ask for is the title company they use. If you call the title company, they should know exactly who the company is and be willing to vouch for them. If they’re reluctant to do so or only have a few references, that’s a red flag.

What Is Your Home Buying Process

The best home buyers will have a set process that they follow every time. They should be able to walk you through each step so that you know what to expect. They should be able to answer any questions you have about the steps to sell your house and you should feel completely comfortable knowing that you are working with an expert.

What Do You Look For in A Property

The home-buying company should be upfront about what types of properties they are interested in and what they are looking for. There is no perfect property, but if the company is only interested in properties that need major repairs or are vacant, that’s something to be aware of. Most companies want to know if the major components of the house need work. These companies are in the business of making repairs so transparency in this area won’t hurt your offer.

How to Know Which Home Buyer Reviews You Can Trust

Video Reviews On Their Website

The best home buyers will have video reviews from past clients on their website that you can watch. This is a great way to get an idea of what it’s like to work with the company and see if they’re a good fit for you. Pay close attention to the people’s situation and see if it is similar to yours. You’ll also want to make sure the reviews seem genuine and not paid actors.

Google Reviews That Match the Video Reviews

In addition to video reviews, the company should also have Google reviews. There will likely be different reviews from the video reviews but there should also be some that are from the same people and those reviews should match up. If you see a bunch of positive video reviews but negative Google reviews, that’s a red flag.

Better Business Bureau Reviews Without Complaints

The company should also be accredited by the Better Business Bureau and they should have good reviews there as well. You’ll want to make sure that there are no complaints filed against the company. If there are complaints, see how they were handled and if the company seems to take them seriously.

Too Many Reviews Posted All in the Same Timeframe

If you see that all of the reviews were posted within a few weeks or months of each other, that’s another red flag. This could mean that the company is paying for fake reviews

How to Recognize A Legitimate Home Buying Company vs A Wholesaler

There are several small ways you can make sure that you are selling to an actual cash home buying company and not just a middle man or wholesaler. There are several reasons you want to sell to the buyer as opposed to a wholesaler. Primarily, you will typically get more money from the sale by cutting out the middleman.

Check the Buyer on the Contract

When you are given a contract, the name of the buyer should be listed on the sales agreement. The contract should also have the buyers’ contact information so that you can reach them directly if needed. If this is left blank or has “and or assigns” listed, this is a red flag that you might not be dealing with the actual buyer.

Pay Close Attention to the Option Period

The option period is the time frame in which the buyer can back out of the contract for any reason. A legitimate home buying company will have a reasonable option period, typically no more than 10-14 days. If the option period is 30 days or more, this is a red flag that you are dealing with a wholesaler or middleman.

Make Note of the Earnest Money Deposit

When you make an offer on a house, the buyer will put down an earnest money deposit. This is a good faith deposit that shows that the buyer is serious about the purchase. A legitimate home buying company will typically have a higher earnest money deposit than a wholesaler or middleman. This is because they are the actual cash buyer and aren’t afraid of losing the deposit because they know they are actually going to buy the property.

Ask Directly If They Are the Actual Cash Buyer

If you are unsure if you are dealing with a wholesaler or the actual cash buyer, you can always ask them directly. A legitimate home-buying company will have no problem telling you that they are the actual cash buyer and will be able to provide proof if needed. A wholesaler or middleman might try to avoid mentioning their role but they might not want to outright lie if confronted with a direct question.

What Makes A Home Buyer Credible

Improve the Lives of the People They Serve

A credible home buying company will be focused on improving the lives of the people they serve. This might mean that they are willing to work with you to get you the best price for your house or it might mean that they are willing to help you find a new place to live if needed. A company that is only interested in making a quick buck off of your house isn’t exactly taking the actions of a credible local company.

Create Local Jobs

A credible home buyer company will also be focused on creating local jobs. This is good for the economy and it’s good for the people who live in San Antonio. A company that outsources all of its work to other states or countries isn’t exactly helping the local community.

Increasing Neighborhood Values

A credible home buyer company will also be interested in increasing neighborhood values. This means that they will be buying houses and fixing them up so that they are worth more money. They might also be willing to work with the city to improve local infrastructure or increase public safety. All of these things can help to increase property values which benefit everyone in the community.

Make A Difficult Process Easy

The home-buying process can be very difficult and stressful. A credible home buyer company will make the process as easy as possible for you. They will work with you to give you the best price for your house and they will help you through the entire process from start to finish. This can take a lot of the stress out of the process by handling most if not all of the paperwork and interfacing with the title company.

What Makes A Home Buyer Credible

If you are looking for a credible home buyer company in San Antonio, Texas, look no further than Capstone Homebuyers. We are a local company that is interested in improving the lives of the people we serve. We create local jobs and we are focused on increasing neighborhood values. We also make the home buying process as easy as possible. Our reviews are legitimate and we do everything we can to go above and beyond for our customers. We love the people of San Antonio and this is the only city where we buy houses. Contact us to see how we can help.

Selling Your House For Cash: How To Work With A Local Homebuyer

Colby Hager on September 10, 2022

Selling Your House For Cash: How To Work With A Local Homebuyer

Selling your house for cash to a local homebuyer can offer many benefits over a traditional real estate sale. There are several reasons why you might want to sell to a local cash homebuyer such as a house that needs too many repairs to just wanting to sell the house fast. In this article, we will discuss why you might work with a local cash investor to sell your house and explain how the process of selling to an investor works.

Why You Might Want To Sell To A Homebuyer

Your House Needs Repairs

One common reason why homeowners sell their property to a local homebuyer for cash is that the house needs too many repairs. If your house needs significant repairs, then it might not be able to sell on the traditional real estate market. Homebuyers who purchase houses for cash buy houses without inspections or requesting repairs. They will buy the house in as-is condition.

You Inherited A House and Want to Sell

If you have recently inherited a property, you might want to sell the house for cash to a local homebuyer. You might not live in the area of the inherited property and don’t want to deal with being a landlord. Also, you might not have the time or money to put into repairing the property before selling.

You Need To Sell Your House Quickly

Another reason why you might want to sell your house for cash to a local homebuyer is that you need to sell your property quickly. Maybe you have already moved into a new home and are paying two mortgage payments. Maybe you are going through a divorce and need to sell the house fast. No matter what your reason is, selling to a local investor will allow you to close the transaction quickly.

You Are Facing Foreclosure

If you are facing foreclosure, then selling your house to a cash homebuyer is often the best option. You will be able to sell your property fast and get the money you need to pay off your mortgage. This will allow you to avoid having a foreclosure on your credit report. Many local investors will have several options at their disposal to help you avoid foreclosure.

What to Expect When Selling Your House For Cash to an Investor

The Homebuyer Will Visit Your House For a Walkthrough

The first step in selling your house for cash to an investor is having a walkthrough of your property. The homebuyer will come to your house and take a look around. They will ask questions about the condition of the house and what repairs are needed.

The Investor Will Make You An All Cash Offer

The homebuyer will make you an all-cash offer for your property. The amount of the offer will be based on the condition of your house, the repairs that are needed, and the current market value of homes in your area. Most companies that advertise “we buy houses” will also pay all of your closing costs.

You Should Be Able to Choose Your Closing Date

When you sell your house for cash to a local homebuyer, you should be able to choose your closing date. This is different than a traditional real estate sale where the buyer chooses the closing date. You might need some time to move out of your house or have someone help you with repairs before selling. Local investors are typically very flexible with the closing date because they aren’t actually moving in to the property.

The Homebuyer Will Take Care of All The Paperwork and Make the Process Easy

When you sell your house for cash to an investor, they will take care of all the paperwork. You won’t have to worry about filling out mountains of paperwork or dealing with the hassle of a traditional real estate sale. The homebuyer will make the process easy for you so that you can focus on moving on with your life.

You Shouldn't Have To Pay Closing Costs or Commissions

When you sell your house for cash to a local homebuyer, you shouldn’t have to pay any closing costs or commissions. The homebuyer will take care of all of the fees associated with the sale. This includes the appraisal, title search, and transfer taxes. You will walk away from the closing table with cash in hand.

You Will Be Given Time to Move Out of Your House

When you sell your house for cash to a local homebuyer, you will be given time to move out of your property. Most companies that buy houses will give you 30 days to move out. This is plenty of time to find a new place to live and get all of your belongings moved. Sometimes they will even temporarily lease the house back to you.

How To Make Sure You Get A Fair Cash Offer

Take The Time To Look At Houses For Sale Around Yours

The first step in making sure you get a fair cash offer is to look at houses for sale around yours. This will give you an idea of what comparable properties are selling for in your area. You can use sites like Zillow or Trulia to find recent sales data for houses in your area.

Be Realistic About What Repairs Your House Needs

The next step is to be realistic about what repairs your house needs. Many people try to underestimate the cost of repairs in order to get a higher offer from the homebuyer. However, this will only end up setting you up for disappointment. Be honest about the condition of your property and what repairs are actually

Understand The Value of Selling Your House As-Is

Finally, it’s important to understand the value of selling your house as-is. Many people think that they need to make repairs in order to get a fair price for their property. However, this isn’t always the case. In some situations, it’s actually better to sell your house as-is. This is benefit can save you time and money in the long run.

Make Sure You Feel Comfortable With the Homebuyer

The last step in making sure you get a fair cash offer is to make sure you feel comfortable with the homebuyer. This means that you should take the time to interview different companies that buy houses. Ask them about their process and what they will do to make sure you get a fair price for your property. Make sure you trust the homebuyer before you sign any contracts.

Get More Than One Offer if You Aren't Sure You Can Trust The Homebuyer

If you aren’t sure you can trust the homebuyer, it’s always a good idea to get more than one offer. This will give you a chance to compare different companies and see who is offering the best price for your house. It’s also a good way to make sure you are getting a fair deal. Also, don’t be afraid to negotiate. Just because you are selling your house for cash doesn’t mean that you can’t negotiate.

Know That Your Transaction Isn't Subject To Bank Approvals or Appraisals

When you sell your house for cash to a local homebuyer, you don’t have to worry about bank approvals or appraisals. This means that the sale of your property will be much faster than a traditional real estate sale. You can expect to close on your house in as little as two weeks.

Get A Cash Offer From Capstone Homebuyers

You may be wondering, “who can I trust to buy my house?”

You may have heard of some shady companies that promise to buy your house fast for cash, but then never follow through. You don’t want to deal with any hassles or scams.

Capstone Homebuyers is a reputable, trusted company that buys houses for cash. We have great reviews on Google, Facebook, Yelp, and the Better Business Bureau. When you work with us, you can be sure that you’re getting the best service possible.

Cash For Houses In San Antonio – Not All Buyers Are The Same

Colby Hager on April 15, 2022

Selling your house fast for cash in San Antonio can be an easy process if you work with the right “cash for houses” company. The hard part is knowing which local San Antonio real estate investor you can trust when it’s time to sell your house. You don’t want to leave the sale of your home up to chance, especially if you are hoping to sell quickly.

Making sure that the sale is going to happen the way you expect is very important. You don’t want to be blindsided at or close to the closing date with a failed escrow or a last-minute price reduction. If you work with the wrong real estate investor, these things can happen.

Most investors have great intentions, however, if you are deciding who to work with, you should take the time to find the type of investor who always follows through and has the track record to prove it.

How Can You Make Sure You Sell To The Right Investor?

Don’t worry, there are a few things you can do to make sure you are dealing with a legitimate home buyer in San Antonio.

Verify they are the end buyer or direct buyer
Check their reviews
Check the Better Business Bureau
Proof of funds
Do They Do What They Say
Proper Paperwork
Check With The Title Company
Professional Appearance

1. Verify The Home Buyer Who Are Thinking About Selling Your House To Is The Actual Direct Buyer.

What this means is that person or their company is actually going to be the buyer of your home. Believe it or not, there are people and companies who are just middlemen in real estate transactions. They will often pose as the buyer when really, all they are going to do is attempt to sell your home to an actual direct buyer for a higher price.

If you work with the end-buyer directly, you will likely get that higher price! No need for the middleman! This is probably the one tip that will make sure you get the most possible when selling your house for cash.

2. Check The Cash Homebuyer’s Online Reviews

Checking online reviews is something we do frequently in other areas of our lives. Making sure the homebuyer has actual reviews from real people who have actually sold their house to the home buyer is the first step. Google reviews, Facebook reviews, BBB reviews are the first ones to check. If the investor has video testimonials on their website that seem credible, that is a bonus and likely means they are going to treat you well. After all, if they were using bad business practices, they wouldn’t be able to get people to leave great reviews at the closing table right?

3. Check The Better Business Bureau

Check the Better Business Bureau to see if they are A-plus rated. The first place someone goes if they have a problem with a company is the BBB. If a company isn’t A-Plus rated by the BBB, it could mean there have been complaints that have caused them to lose their BBB status. Also, there can be valuable reviews on the BBB and those reviews are verified by the BBB so they cannot be falsified or altered.

4. Verify Proof Of Funds

Verifying proof of funds can be slightly uncomfortable for some people because they feel like it is a sign of distrust. We say trust but verify. A legitimate San Antonio home buyer should have no problem producing proof of funds. These should be funds in a bank account in their name that demonstrates they have the ability to buy your house and hopefully, the ability to buy multiple houses. This won’t offend the investor and is easily done if the investor really does have access to the funds required to buy your house.

5. Has The Home Buyer Kept Their Word Throughout The Process

Does the investor show up to their appointment on time? Did they call you back when they said they would? Did they bring the forms they mentioned they would bring over the phone? These may seem like small things, but small things can often point to trends and habits with the bigger things. If someone isn’t diligent about keeping their word on the easy things, they may not be diligent about keeping their word on the big things. While this isn’t the end all be all, it can be an indicator that might be cause for pause.

6. Make Sure The Cash Buyer Is Using The Proper Paperwork

Making sure the investor has the proper paperwork can be difficult for someone who isn’t trained in real estate or who doesn’t work in the real estate business. The easiest way to know if someone is using the proper paperwork is to ask if they are using the standard TREC forms. TREC stands for Texas Real Estate Commission and TREC has standard forms that are designed to be used by Realtors and other real estate professionals. If someone hopes to buy your house using a one-page contract when the TREC contract is 10 pages, that might be cause for concern and a sign that the investor isn’t a true professional.

7. Ask For A Title Company Reference

Ask the investor who their preferred title company is. Then call the title company to verify they have a business relationship with that investor. This is a great indicator that the investor regularly buys and sells real estate. Our preferred title company knows us well and loves doing business with us. They are happy to share great experiences with anyone who calls. Other title companies should be willing to do the same for other investors.

8. Does The Homebuyer Appear Professional?

Professional appearance does matter. If someone doesn’t treat buying your house with professionalism, you may not get professional results. Of course, there can be exceptions to this rule and we all know that you shouldn’t judge a book by its cover. This is the reason this topic is last on our list. There can be some merit to someone treating you with professionalism and it can be an indicator of future treatment. Keep this in mind and go with your gut on this one.

Connect With A Top Cash House Buyer In San Antonio

Selling your San Antonio house to a “cash for houses” company can be easy and smooth. Once you have verified you are in fact working with a legitimate cash buyer by using our tips above, you will likely have an enjoyable home selling process. If for any reason, you are having trouble with a home buyer who isn’t following through, see about tips on what to do next. To work with Capstone Homebuyers and have a guaranteed closing on the date you choose, give us a call or fill out a form and we will wow you with customer service and professionalism.

What To Do If A Real Estate Investor Backs Out From Buying Your House

Colby Hager on April 15, 2022

Selling your house to a San Antonio real estate investor is often the fastest and easiest way to get your house sold. Most of the time, real estate investors from we buy houses companies are local, near you, and buy your house with cash. This makes the process short, simple, and fairly certain. However, as with any profession, some people in the real estate investing business don’t always live up to those expectations. There are usually some signs that this might be happening to you. If you are experiencing problems with an investor in your home sale process, keep reading to get some tips on what steps to take next.

Signs An Investor Might Back Out Of Your Home Purchase

As mentioned above, a real estate investor may give some subtle and not so subtle indication that they are backing out from buying your home. Minor things such as unreturned phone calls and texts, or not showing up to an appointment might be excused if they only happen once or there is a good reason given. Ask yourself, does this person still seem interested in my home and engaged in the process they described? If not, and unprofessionalism is present, you may be looking at the beginning of an issue.

Other signs an investor is having cold feet are less subtle. They may ask to extend the closing date without providing a good reason. They may ask for a price reduction based on repair estimates that were never discussed. These are red flags that should cause you to be concerned about what is happening with the sale of your home. The worst of all is getting to the day of the closing and you haven’t had any communication with the home buyer and you find out from the title company that they aren’t ready for closing. If any of these things are happening to you or you suspect they may be happening to you, keep reading for what to do next.

Steps To Take If An Investor Fails To Close On Your Property

If an investor doesn’t follow through with the purchase of your San Antonio property, or you are concerned about the way they are handling the process of buying your house, there are certain steps you can take to make sure you aren’t left high and dry.

Go through these steps one by one and make sure you are following your instincts. These steps are meant to be a guide to determine if a real estate investor is an actual credible home buyer or if they are just trying to make a quick buck by taking you and your property for the proverbial ride.

1. Check The Reviews Of The Home Buying Company.

If the home buying company can’t be found online or doesn’t have great reviews, this may be an indicator that your suspicions or instinct is correct. However, if the home buyers have great reviews, and a legitimate online presence, maybe you are misreading the situation.

2. Call The Title Company Directly

This is a way to cut through the noise and make sure everything is on track with the sale of your home. The title company is a neutral party in the transaction and will give you honest information about where you are in the sale process. Don’t be worried about calling them, they are being paid to help you with your transaction.

3. Let The Homebuyer Know There Will Be No Extensions Or Price Reductions

A serious home buyer will not ask for extensions without very good reason. If they have a legitimate reason that is out of their hands, an extension could be acceptable. Otherwise, there should be no extensions if they are serious about buying.

There should never be a need for price reductions. A real estate investor who buys houses for a living will make you an offer that they are comfortable with. They do not need to lower the price at a later time.

4. Find A New Reputable Buyer

If the worst happens and your buyer is not closing on your property as promised, it may be time to move on and find a new buyer for your property. If you find yourself in this situation, make sure you do your due diligence and find a home buyer with a reputation for doing what they say.

Make sure and check out their reviews and their BBB profile. Our company is always ready to pick up the pieces from a broken sale and give you the home selling experience you deserve.

Sell For Cash While Getting The Experience You Deserve

If you are selling your house to a real estate investor and things aren’t going as planned, follow your instances, follow the steps listed above, and know that all hope isn’t lost.

Capstone Homebuyers is ready to step in and make you a fair offer for your San Antonio property. We have created a reputation of always following through and always doing what we say we will do when we say we will do it.

This means no failed escrows, no abandoned closings, and unreturned calls and texts. You should have a great experience when you sell your house fast the easy way. If you would like a second opinion about the sale of your home, just give us a call and we’ll be happy to help.