If you’ve been driving around in Las Vegas, chances are you’ve seen some billboards advertising companies that buy houses.
Often times they say things like “We Buy Las Vegas Houses!” or “Cash For Your House,” to name a few.
Are these “we buy houses in Las Vegas” companies credible?
How do you know if the local house buying companies out there are honest and credible?
Most of these companies look similar from the get go, but we’ll walk you through some of the things to look for in a local house buying company before you should work with them.
Buying and selling houses is a respectable profession that can help communities and home sellers alike. Just like any other line of work, however, a couple of sour apples give the industry a bad name.
There are people and businesses who truly highlight professionalism and care, providing generous offers and premium service to their clients. Their outlook is to help someone in need, while simultaneously helping to uplift the community. Conversely, there are those who are much more dishonest. These businesses and individuals are fueled by greed, only looking to make the next dollar instead of benefiting their client or the community. Unfortunately, these people and businesses are out their, folks. You must take precautions!
We’ll help you avoid these “shady house buyers” so you can work with honest, ethical, and reputable local companies who can buy your house for a fair all cash offer and close on your schedule.
First, let’s cover exactly what the home buying professionals are doing –
What Reputable Las Vegas House Buyers Are Doing
- Helping people improve their lives by accessing the money they need right away. People often need the cash in their house to cover expenses, such as relocation, medical bills or even planning for a wedding. We can make that happen in just a few days, and we deliver peace of mind.
- Helping sellers get rid of a burdensome property. This comes without the hassle of having to list it with a broker and wait months and month for a sale.
- Creating local jobs. We hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators 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 Las Vegas.
- Increasing the value of Las Vegas neighborhoods. When we improve a house, we’re helping to increase the value of the entire community. We often repair abandoned and neglected houses, turning them into beautiful homes for families. That activity strengthens Las Vegas communities and surrounding areas.
- Increasing the tax base. When a new buyer takes over one of our properties, they’ll pay a higher tax rate based on the new and improved value. Those taxes go to pay for our schools, fire, police, libraries, streets and other valuable pieces of infrastructure. Again, improving our neighborhoods and overall community well-being.
Pretty cool stuff, right?
Many people people think of “house-flipping” as a get-rich-quick scheme. That’s fueled by silly “reality” shows that amp up the drama because the reality of what we do on a daily basis is actually pretty boring.
Most of our work is coordinating with lots of people to make sure things are happening 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 home buying professional, 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 to potentially buy 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, shady operators tend to use.
- “Kitchen table closings” – If a property buyer tries to get you to sign the deed (ownership) of your house over to them at your house, rather than a professional place like a closing attorney or title company – be leery. Most reputable house buying services will perform the actual closing of the sale at a neutral 3rd party location like a title company. This ensures everything is done the RIGHT way.
- Pressuring you into a fast closing – If a house buyer tries to pressure you into selling your house and says that you have to make the decision today – be leery. Most reputable home buying professionals will make you an offer that will be on the table for at least 2-7 days (minimum). This provides you ample time to weigh the pros and cons of selling to a home buying professional versus going the traditional sales route. If a house buyer attempts to make you act faster, they may be attempting to get you to close on a deal that they know is not the best for YOU, their client.
Most scammers are looking for a quick score, and not an in-depth interview.
Chances are they’ll find excuses to get off the phone and move on to someone who doesn’t ask too many questions.
True home buying professionals who run honest and ethical Las Vegas house buying services, however, are building long-term businesses based on relationships and community development.
So when you’re looking at one of the “we buy houses in Las Vegas” companies – never be afraid to ask questions!
Vegas Cash Offers will provide you with a NO hassle, NO obligation, FREE property evaluation and ALL CASH offer when you’re ready to sell your home. There is never any pressure to accept our offer. We’re here to help you make the best decision for your situation.
Give us a call anytime at 702-VEGASCO / 702-834-2726 or
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