We have all seen them. Whether they are advertised on telephone poles, on billboards, or on the internet, there seems to be no end to the number of companies wanting to buy your house from you no matter the condition. Often referred to as "We Buy Houses" or "We Buy Homes" companies, these businesses have been popping up all over the country in recent years. While some are nothing more than scams, many are legitimate and provide homeowners with a fast and convenient alternative to more traditional home sale methods. Not sure how to distinguish the legitimate home buying businesses from the less than reputable ones? Below are a few tips to help you find the right company to buy your home.
1. Read the signs
In most areas it is ******* to post signs on public property, utility poles, street signs, sign posts and easements. Companies posting signs in this manner do so illegally. If they are willing to break the law this way one must ask oneself what other laws are they breaking? Also consider that normally people don't find doctors, lawyers or other professionals this way. Finding a company to buy your home should be no exception.
2. Do your research
Visit your local Better Business Bureau website and check the company out. What is their rating? Do they have any complaints against them? Are they an accredited member of the Better Business Bureau? Businesses that are accredited by the BBB have been in business for at least one year, have maintained a B rating or higher, have fulfilled all licensing and bonding requirements and have adhered to strict advertising and business standards. The information provided by the BBB will also be more accurate than the popular user review sites across the internet. Although these sites allow individuals to provide personal reviews of businesses they are not able to completely filter out the phony reviews posted to improve the businesses ratings.
3. Ask questions
Never be afraid to contact the business and ask questions. When calling the company does your call go to an automated answering service or to a person? On occasion a call might go to voicemail, but avoid businesses if you continue to get the same automated answering service every time you call you.
When speaking to the business ask them if they buy your home directly or if they are a "lead selling" company. Lead sellers are companies that sell your information to other businesses. These businesses are often either inexperienced or disreputable and should be avoided.
4. Take your time and read the fine print
When doing business with any "We Buy Houses" company it is imperative you read and understand what you are agreeing to before you give the company your business. Does the company buy houses in any condition? Are there any situations in which the company will not buy your house? What happens if at the last minute the company decides not to buy your house? How does the company determine how much they will pay for your house? Any respectable "We Buy Houses" company knows it is in their best interests and yours to make sure you understand the details of the transaction, regardless of how quickly you wish to sell your home.
Although taking time to research the company might lengthen the time it takes to sell your home, following these tips will help ensure your experience is a positive one. If you are looking for a top-quality company in the Denver area that meets all of these criteria, look no further than We Buy Denver Homes