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

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 Online: Local Homebuyer vs Nationwide iBuyers

Selling Your House For Cash Online: Local Homebuyer vs Nationwide iBuyers

Selling your house for cash online to a professional home buyer is becoming more and more common every day. Starting the process of getting a cash offer online is simple, fast, and convenient. However, not all online home buyers are the same.

 

There are two primary types of home buyers you will encounter when you begin to search for cash house buyers in your area. The first is going to be local cash house buyers. These are smaller companies that are local to your city or region. They likely live and work in your area and only buy houses in your city. For example, Capstone Homebuyers buys houses in San Antonio and the surrounding areas but not outside of the greater San Antonio area.

 

The other types of house buyers you will encounter are nationwide home buyers. These are corporations that are typically headquartered in San Francisco (the tech hub) and they have employees working for them across the country. These types of companies are typically known as iBuyers.

 

Here we will discuss working with the local homebuyer from your city versus working with a nationwide iBuyer. There are pros and cons to both and after reading, you should be able to decide which type of buyer you prefer to work with.

 

Selling Your House For Cash Online: Local Homebuyer vs Nationwide iBuyers

The number one reason to look online for a cash house buyer is convenience. You can start the process from the comfort of your home and do not have to take time off work or away from your family to meet with real estate agents or open your home up for showings. The most common reasons people choose to work with an iBuyer are below:

 

You Need To Sell A Home For Cash Quickly

If you need to sell your house for cash quickly, working with an online home buyer is the best option. You can have a contract signed and the sale of your home completed in as little as 7 days. On the other hand, if you list your home with a real estate agent, it could take months to find a qualified buyer

 

You Need To Sell A Home As-Is

Another advantage to working with an online home buyer is that you can sell your home as-is. This means that you do not have to make any repairs or updates to your home before selling. You can simply request a cash offer and once the sale is complete, the new owners will be responsible for making any necessary repairs or updates.

 

You Can Test the Waters of The Market To See What Your House is Worth

If you are curious about what your home might sell for on the open market, working with an online home buyer is a great way to test the waters. You can request a cash offer and if you do not like the number, you are under no obligation to accept it. This is a great way to get a feel for what your house might be worth if you were to sell for cash.

 

You Don't Want To Hassle With A Traditional Listing

If you do not want to hassle with listing your home and dealing with showings, real estate agents, etc., working with an online home buyer is a great solution. You can simply request a cash offer and if you like the number, sell your home without having to deal with any of the traditional selling hassles.

 

Pros of Selling To A Nationwide iBuyer:

Selling your house fast to a nationwide iBuyer can definitely have some pluses. For one, if national brand recognition is important to you, then this might be the way to go. Another thing is that when you work with a national brand, you feel like you can rely on their ability to follow through.

 

You Can Get An Offer Within Minutes of Filling Out Your Information

When you work with an iBuyer, you can get an offer on your home within minutes of filling out your information. This is a great way to get a feel for what your home might be worth without having to wait around for days or weeks. If you are just testing the market, this type of computer-generated offer can be all you need to see what your house is worth.

 

They Have A National Presence

As we mentioned above, one of the pros of selling to a nationwide iBuyer is that you can rely on their brand and ability to follow through. These companies have a national presence and are typically headquartered in tech hubs like San Francisco. This means that they have the resources to work virtually.

 

Their Process Is Completely Virtual and You Don't Meet Anyone in Person

Another advantage of selling to an iBuyer is that you never have to meet anyone in person. The entire process is completely virtual and you can do everything from the comfort of your home. This is a great option if you are not comfortable having strangers in your home or if you live in a remote area.

 

Cons of Selling To A Nationwide iBuyer

Of course, there are also some disadvantages to selling your home to a nationwide iBuyer. There have been mixed reviews about the reliability and they aren’t local to your area. We have listed some of the more common negatives about selling directly to a nationwide iBuyer.

 

The Initial Offer Will Change After An Inspection

You should be aware that the initial offer you receive from a nationwide iBuyer will likely change after an inspection. The reason for this is because they use computer-generated models to make their offers and these models don’t take into account things like needed repairs. So, if your home needs some work, the offer you receive will change once they conduct their inspection.

 

They Typically Charge Fees That Are About The Same As A Realtor's Commission

While it might seem like you are saving money by not having to pay a real estate agent’s commission, you should be aware that most iBuyers will charge fees that are about the same as a realtor’s commission. So, while you might not have to pay a traditional commission, you will likely end up paying fees that will be the same dollar amount to your bottom line.

 

You Never Work With The Actual Decision Maker

When you sell your home to a nationwide iBuyer, you never actually work with the decision maker. Instead, you work with an agent who works for the company. This can be frustrating if you have questions or need clarification on an offer. You might not be able to get the answers you are looking for in a timely manner. Also, you never know who is actually responsible for making sure the sale of your home closes and closes on time.

 

Selling To A Local Home Buyer From San Antonio

When you sell your house for cash to a local homebuyer, you still have to weigh the pros and cons to make sure it is the right decision for you. Here are some things to consider:

 

Pros of Selling To A Local Cash House Buyer:

You will most likely get a higher price for your home. Because they are not bound by the same computer-generated models that iBuyers use, they can pay more for your home. This is because they take into account things like repairs that need to be made and the current market conditions in your area.

 

You Know Who You Are Dealing With

When you sell your home to a local cash buyer, you will actually know who you are dealing with. This is important because you will be able to ask questions and get clarification in a timely manner. Also, the person you are dealing with will be responsible for making sure the sale of your house goes through and closes on time.

It Is Easy to Verify Reviews

When you are looking for a local cash buyer, it is easy to verify their reviews. You can look at sites like the Better Business Bureau and Yelp to see what other people have said about them. This is important because you want to make sure the reviews you are reading are about the same people you are selling to, not some out-of-town office that doesn’t represent the same experience you will have.

 

They Have The Ability To Buy Faster Than An iBuyer

Local cash buyers usually have the ability to buy your home faster than an iBuyer. This is because they don’t have to go through the same approval process that an iBuyer does. They can usually make you an offer within 24 hours and close on the sale of your home in as little as 7 days. Also, since the decision maker is the one who made you the offer, you know the offer isn’t subject to change.

 

They Have Local and Personal Relationships

Local cash buyers usually have personal relationships with the people they work with. This means they can usually get things done faster and more efficiently. For example, if the title company needs to rush a file or service, the local buyer can call in a favor. If you need to get some of your funding prior to closing, a local buyer may have the flexibility to give you a cash advance.

 

You Will Receive Better Customer Service

Local cash buyers usually provide better customer service than iBuyers. This is because they are focused on building relationships with their customers. They want you to be a repeat customer and will work hard to make sure you are happy with the sale of your home. Also, much of their business is from word of mouth and referrals so they are very invested in making sure your experience is top-notch.

 

Cons of Selling To A Local Cash House Buyer:

You Won't Get A Computer Generated Offer Instantly

When you sell your home to a local cash buyer, you won’t get an offer instantly as you do with an iBuyer. This is because they don’t rely on computer algorithms to generate a generic offer that is subject to change after inspection. You might have to wait 24 hours before you get an actual offer from a local buyer.

 

Most Local Buyers Must See Your House Before Making You An Offer

While some local buyers will make you an offer without seeing your house, most of them will want to see it before they make you an offer. This is because they want to make sure there are no surprises and verify the condition of the house. As we mentioned before, most homebuyers will come out to view your house within 24 hours.

 

You Have to Check Reviews to Make Sure Your Buyer Is Reputable

As with anything, you have to be careful when selling to a local cash buyer. There are some reputable buyers out there, but there are also some that are not so reputable. This is why it is important to check the reviews of any local buyer you are thinking about working with. You can look at sites like the Better Business Bureau and Google Reviews, or see if they have any video testimonial reviews on their website of local homeowners.

 

Sell Your House Fast With a Cash Offer From Capstone Homebuyers

You’re thinking of selling your house and you’re not sure if you should sell to an iBuyer or work with a local cash buyer. 

 

There are pros and cons to both selling methods, but at the end of the day, you want to make sure you’re working with someone you can trust.

 

Selling your house to Capstone Homebuyers is more than just filling out a form and letting a computer do the rest. We’re real people who care about our clients and want to help them through the home selling process. Our years of experience have taught us that every situation is unique, so we take the time to listen and understand what our clients need.