we buy houses as is

A lot of people often wonder how we buy houses works and the Pros and Cons of selling your home to a we buy houses company. In this short article we will cover a little of both the Pros and the Cons.

But first, if you have a property anywhere in the Metro Atlanta area that you would like to sell we would like the opportunity to make you a fair, no hassle, fast cash offer for your home in its present condition. No need to make any repairs, clean or worry about staging, we buy “as-is”. You can reach us at (770) 756-8680 or visit our main website to fill out a short questionnaire and we will get back in touch with you shortly. Now – on with the article 🙂

The real estate market, especially selling and buying residential property, has changed dramatically over the past few years. There’s no doubt you have seen signs on the side of the road or stapled to a telephone pole “We Buy Houses”. It’s actually becoming much more common for homeowners to sell their property without the aide of an agent and selling to some sort of investor.

If you are like a lot of homeowners you may have never dealt with this type of buyer before. So lets get into some of the Pros and Cons.

We Buy Houses Companies Pros

No Realtors And Lengthy Contracts

There are quite a few pros to selling your home to an investor. First you don’t have to go through the hassle of finding a good, reputable agent that can get your home sold in a reasonable amount of time. Without a listing that means no showings, which means no having to make your house spic and span and keeping it that way for potential buyers dropping by spur of the moment. In short, cutting out using an agent can cut down on your possible headaches considerably.

Selling As Is For Cash

An article from Forbes goes on to explain a few other benefits that a homeowner might enjoy when it comes to selling:

Selling “As Is” – Typically, investors offer to purchase a property “as is,” many times sight unseen. As a seller, that allows you to avoid any costly repairs that would normally be considered your financial responsibility.

Fast Closings – There are investors who can close within 7 days. How is that possible? Because the sale of the property is not reliant on approved financing, appraised values, home inspections, or the like; bypassing all of these steps expedites the process considerably.

Read The Full Article Here

One word of caution from the Forbes article is an investor that will purchase the property sight unseen. We find it very hard for any investor, whether local or IBuyer (learn more about IBuyers here) to purchase a property without inspecting it. We have seen that when they buy sight unseen their offers tend to be extremely low.

Probably the best benefit is being able to sell a property without having to worry about making any repairs or updates. Any one that has sold a property before knows what we are talking about. Not only do you have to be concerned with the repairs that you see need to be done, but a picky buyer and their inspector pick your house apart wanting all kinds of little things fixed or some sort of contingency.

Here is a quick video that explains in a little more depth the advantages of selling to an investor:

Cons

There are a couple of cons when it comes to selling your house to an investor or we buy houses company. It is not for every homeowner! If your house is in good to excellent condition and you have time to wait on a buyer, then most likely listing your home and selling with an agent is probably going to be best for you. Why? Because of price.

Price

An investor or company buys houses to make money. So you are not going to get top dollar for your home. Here’s a snippet of another article that backs that up:

Selling to a cash homebuying company is unlikely to get you the full market value of your home. Investors are taking a chance by buying your home as is, and the lack of costs to you (such as commissions and fees) will be factored into their offer.

Remember, too, that you’re being handed cash, often days or weeks after your initial contact. That convenience and speed will cost you.

Read The Full Article Here

It’s true that investors are taking on the risk. Anything could happen in the time from when they purchase the property to when its ready to sell and closed.

Scams

There are a lot of honest, reputable companies all across the lower 48 that want to buy your house. But yes, there are people out there waiting and wanting to take advantage of you. Here’s a snippet from WHNT that explains more:

• Pay attention to suspicious advertising. Be wary of signs and solicitations that only include a phone number and no other details. If a business is legitimate, it will not try to hide information from you.
• Do your research. Search for legitimate businesses that pay cash for homes using org as well as other review sites. Always read complaints and reviews on the business before you sign on the dotted line.
• Never pay an upfront fee. A legitimate quick-sell business will not ask for you to pay any upfront fees.

Read The Full Article Here

You have got to make sure you are dealing with a reputable home buying company!

Summing It Up

There are some great benefits for a home owner to sell their property to a we buy houses company. Fast closings, no repairs and no agents or showings. The biggest con – you are not going to get full market value. As to how much of a percentage of full market value you will get will vary from company to company. Go ahead and contact several to get the best price as well as ensure that you are dealing with a reputable company and you should come out fine in the end.

Again, if you are anywhere in the Metro Atlanta area and want to sell, reach out to us at (770) 756-8680 anytime. If you are wondering more about how our process works, check out this article.

How To Sell Your House For Cash Fast In Metro Atlanta!

(770) 756-8680

Do you want to sell your Atlanta house fast for cash and not have to pay commissions or any other hidden fees? Mandich Property Group will buy your house with a fair, all cash offer – no commissions, no closing costs and no hidden fees. No need for you to waste time looking for an agent and making costly repairs or waiting an unknown amount of time to get an acceptable offer and with no strangers trampling through your house – when all you want to do is relax. You don’t have to settle for any of those inconveniences or lengthy real estate agent contracts.

Mandich Property Group will buy your house in as is condition and in any price range. We purchase properties all over the Atlanta Metropolitan area. The best part is no fees, no commissions, no obligation and no cleaning whatsoever. Regardless of why you need to sell, we will buy your home fast.

We know selling a house is stressful under the best of times and if you are experiencing any financial problems on top of that – well it just makes it that much worse. We have bought houses from people that have had a death in the family and inherited a property, facing foreclosure, relocating, owe back taxes, facing divorce, damages and so many other reasons… we have worked with them all and will work with you also.

We will pay you a fair cash offer for your property in it’s current condition, no matter what that condition might be. We are an investment company that pays cash so you/we will not have to wait for any paperwork or approvals to be made, we can pay you cash in your time frame. Therefore we can make this transaction fast and hassle free! We will not pressure you at anytime, if you don’t like our offer you are under no obligation to take it. However, we find most people that weigh the options find they like our offer, due to the process being fast and hassle free.

We are not like some “we buy houses” companies that make an offer without even seeing the property. We take many things into consideration in the price of the offer we make. We base the price off the current market value, the condition of the property and a lot of other pertinent information such as the community and schools. Then we will make you a fair all cash offer.

We can move as quickly as you want and close on the sale in just a few days if that fits your schedule. We strive to make the process of selling a house as painless ass possible, we will answer any questions or concerns you might have.

We have made the selling process extremely easy for you;

1. Contact us – just call us at (770) 756-8680 or click this link to fill out a short form, we just need some basic information to get started.
2. We will do some research on the property and the area and contact you with any questions.
3. We will schedule a time at your convenience to come look at the property (don’t worry, no need to repair anything or even clean – it will not be an inspection).
4. We will make you a fair cash offer.
5. Accept the offer and pick a closing date. Come to closing with our local, reputable real estate attorney and then the best of all – you walk away with cash.

We make it as easy as that! If you like the offer we make, you walk with cash on the closing date of your choice – if you don’t like the offer we make when meet you at the house, we walk away.

Again – any size, any condition and any reason, we will buy your house in as is condition. We have helped many others in the Metro Atlanta area, and we can help you too.

So contact us today to start the process, we look forward to working with you soon.

Are you contemplating selling your house to one of those “we buy houses” companies? For some home owners it is a good option. If you have never worked with one before, or had a friend that has used one, you may be wondering just how do those companies work. Keep reading to learn some insights as to how these companies work.

How Do We Buy Houses Companies Work?

Usually when someone is considering selling a property to one of these companies they can’t sell the traditional way with a realtor. Maybe the home is in disrepair, ugly, or some other circumstance. Now maybe an agent has told you that you need to make these repairs before they will list it, or you don’t have the money to make repairs.  Selling your property without an agent can be a very time consuming process, and a real headache. Selling to one of these companies can help ease some of this pain and speed the process of selling your property on your own (check out our article “Selling your house without an agent ” to learn more about selling without using a realtor).

So what is the process involved in selling to one of these companies?

1. Fill out the Property Details on a Form

You may visit their office and fill out the form which asks for your personal data, property location, and details, and other information needed to buy your house. For more convenience, you may also just want to visit their website, fill in, and submit the form online.

2. Buyer Arranges Schedule for Home Checking

Once the company receives your form, they will review the information and contact you to schedule a meeting and check your house for sale personally. This will help them give a cost estimate of the value of your home.

Read The Full Article “How Does We Buy Houses for Cash Work For You?” Here

In today’s times in rare that someone visits an office. It’s a lot easier to go online and fill out an online form or simply pickup the phone and call, eliminating the need of you having to drive all over town.

After the company has looked at your property and done their due diligence they will then usually make you an offer on your home. It’s important to note that no matter what company you are using you can either accept or reject that offer.

How Do They Arrive At Their Price?

There are a few things that are taken into consideration when they make you an offer on your property. Here is a great explanation of how most legitimate companies arrive at their offer price:

Basically, we take 80% of the full market value of your home, also known as the after repair value, and then we subtract the estimated repair costs to determine a rough estimate of how much cash we can safely pay for the home while mitigating our risk and ensuring that the deal is profitable. Of course we are a company, primarily a fix and flip company, who is looking to earn a profit on the deal, which is why our home buying service revolves around being able to successfully find win-win scenarios with our clients where both parties involved are going to reap a massive benefit from the transaction.

Read The Full Article “How Does We Buy Houses For Cash Work?” Here

A good we buy houses company will be concerned with the selling of your house being a win-win situation for both themselves and you. The media and some realtors like to paint the picture that all we buy houses companies are bad and trying to rip you off. They are a company, and they are interested in making a profit. As we have noted before, using this type of company isn’t for everybody. They primarily help home owners that need to sell and there is some kind of problem with the house. If your house is in tip top condition and you have a couple of months to wait on a buyer, then this type of company is not for you. You’d get much more money going through an agent.

It’s Not Just Ugly Homes That They Buy

Some people mistakenly think that these companies only buy houses that are ugly on the outside, when in fact they can help in a lot of other situations as well:

They also offer to buy homes when the mortgage financing isn’t ideal, perhaps because of a high interest rate and the inability to refinance, or an adjustable-rate mortgage that becomes too expensive. Someone facing the prospect of foreclosure could also potentially own an ugly home.

Oh, and let’s not forget homes that are simply ugly because of some bad memory, such as a divorce or something much worse.

They also seem to target homes with problematic renters, or homes that were inherited that the family doesn’t want to deal with.

Then there are the typical unsightly houses, such as those in disrepair, those with water damage, termites, roof damage, or simply those that have been neglected or aged terribly.

Read The Full Article “We Buy Ugly Houses Review: Should You Sell Them Your Ugly House?” Here

Those are just a few of the reasons, and there are a lot more why you might want to consider using one of these companies.

Lastly, here is a video that explains a little more as well:

Summing It Up

Selling to one of these companies isn’t for everyone. However if your property has serious issues, or you have some other sort of problem, these companies can be a life saver.

It’s important to remember that they are a  company, they do this to put food on the table of their employees, just like any other company. And a good we buy houses company will look out for your best interest.

If you have a house in any part of Metro Atlanta, and it’s in disrepair or you are facing a situation that you need to sell quickly and you are looking for a we buy houses company, we would like the opportunity to make you an offer on your property. You can visit our website, or call us any time at 770-756-8680.

Everyone has seen them. In Metro Atlanta they are usually plastered on every street corner, every intersection and at the entrance and exits of shopping centers. We are talking about the “we buy houses” or “we buy houses cash” or “we buy houses as is” signs. So who is behind these signs and why do they put them up? Keep reading to find out.

We Buy Houses Fast Signs

In most parts of the country, including Metro Atlanta, these signs are illegal. That’s why you tend to see them mostly on the weekends, when code enforcement isn’t working. Occasionally you will see them during the week, but the individuals or companies that use them face heavy fines if caught.

So just who are these people that put these signs out? Usually it’s someone that has just attended some guru’s weekend seminar that tells them to put these signs out to get their first deal. It is an inexpensive way to start getting leads from people that need to sell their house.

Realty Acquisitions has this to say about it:

Once someone walks out the door of one of these weekend training sessions they are armed with step-by-step techniques on how to begin to make their millions. One of these techniques involves the posting of ‘bandit’ signs around town. (yes – the get rich gurus actually call these bandit signs!) These are the signs you see offering to buy your house. I it’s hard for me to believe anyone would call a phone number on one of the signs thinking it is a legitimate way to sell their house. A house is someone’s home — and one of the biggest investments anyone will ever make in life. I know it seems crazy that someone would try to sell their biggest investment to someone with a handwritten yard sign but it happens!

Read The Full Article “What’s the story with ‘We buy houses’ yard signs?” Here

There are a lot of people that attend these seminars. That’s why you see so many of those signs out with different phone numbers. In fact if you listen to talk radio, or late night infomercials and pay attention to the dates these guru’s are coming into town, you can almost bet that in the coming weeks there will be an influx of those signs.

Here is an interesting type of survey about those signs and the numbers on them:

On Tuesday, I dialed 59 numbers on so-called bandit signs collected by West Philadelphia resident Michael Froehlich, who offered a buck for each one ripped down and brought to his door. As for the numbers, he gave me those free.

Most of the numbers went directly to voicemail or Google Voice mailboxes. The messages requested a name, number, and address of the property I was interested in selling. Of the 16 humans I got on the phone, only four would give me their full names, and this was before I even told them I was a reporter.

Read The Full Article “I called 59 ‘We Buy Houses’ signs searching for humans. I got secrets” Here

We think the reason no one ever answered the phone was because more than likely these are people fresh out of the seminars and have full time jobs, or don’t know what to say when they answer the phone. To give you an example we have attended many REIA’s (Real Estate Investor Associations) and have run into many people that want to invest in real estate, however 90% of them will never buy a house, either because they over analyze or just don’t have the courage to put their neck on the line.

We can understand why the people called didn’t want to give their full name, they were worried that the caller was possibly code enforcement wanting to fine them, which may also be the reason they didn’t answer the phone and sent the calls directly to voicemail to get a sellers info.

Real Estate Investors Serve An Important Purpose

Because of these bandit signs, even good real estate investors get a bad rap. Realtors love to bash them and say that you always need to speak with an agent first. We actually think realtors are getting a little worried about the internet and all of the places online that you can sell and buy a house yourself these days, without using an agent.

But investors are extremely important to a healthy economy. Investors tend to buy homes that are in need of serious repairs, or properties that people just can’t afford.

In fact, if it hadn’t been for real estate investors it would have taken much longer for our economy to recover from the crash of ’07. Many of those foreclosed homes would still be vacant attracting vagrants, drugs and crime, not to mention falling down and continuing to lower home values.

Here is a good video that explains a little more about “we buy houses signs” and how important investors are to the economy and how not to get scammed:

He reiterates the fact that usually investors are buying properties that are in need of substantial repairs, allowing homeowners to sell their house as is (learn more about how to sell you property as is from our previous article “Should I sell my house as is?“). There are a lot of people out there that are still living pay check to pay check and don’t have the funds necessary to make repairs just to get a property ready to sell.

Summing It Up

So now you know what’s up with all of those “we buy houses” signs. Honestly, we don’t use them, we like using the web to find people that need to sell their house and can’t sell the conventional way with a realtor. It’s nice not having to worry about when the phone rings if the person on the other end is code enforcement or not 🙂 .

Still, real estate investors serve an important job in our economy. If you have a property that you need to sell in Cumming or anywhere in Metro Atlanta, WE BUY HOUSES in any condition, fast and for cash (there’s our bandit sign 🙂 ). You can learn more by visiting our website, or calling us at 770-756-8680.

You may have heard of the “We Buy Houses For Cash” people and wonder what it’s all about. You may be wondering who they are and just exactly how does it work. In this short article we will give you the answers to these questions.

Who Are The We Buy Houses People?

Just who are these companies? Typically they are local companies that want to buy houses that are in need of repairs or updates, or more familiarly know as “we buy houses”. They want to purchase your property, make the needed repairs and updates, then turn around and sell it to another buyer at full retail price. Sometimes they purchase properties where there is a landlord that is tired of renting out a property, nicer homes where couples are getting divorced or even have to sell because of a new job in another city.

Typically these companies do pay with cash. As we covered in our previous article “Who Will Buy My House For Cash?” we explained that no matter how you sell your property, rather it be to an investor or conventional buyer, whatever equity you have in the house you will walk away with cash. Whatever loans, mortgages or liens you have against the property will be paid out first. Whatever is left, you get, usually in the form of a wire transfer to your bank. The nice thing about these companies is that by paying with cash there is no waiting on mortgage approvals, so they have the ability to close in a fraction of the time that it takes with a conventional buyer.

You may have seen their signs on the side of the road “we buy houses” or “we buy houses any condition”. Before you choose one to do business with we highly suggest that you research them online first and make sure they are a legitimate company.

How Does We Buy Houses For Cash Work?

Down to the nitty gritty 🙂  Just how does it work? Instead of making you take our word for it we found  a good article from The Truth About Realty that explains it very well, and then some:

How We Buy Houses Works

I checked out their website, read their FAQ, and think I have a pretty good understanding about how the process works. It seems fairly straightforward.

Basically you ask them to make an offer on your home and they’ll show up to take a look at the property. They’ll conduct a walk-through, and probably do some appraising once they get back to the office to better understand the property market where your home is located.

After all, the property itself is just one piece of the pie – its location is also key to valuing it properly, especially since the home’s current state will likely be improved before it is resold by the company.

From there you’ll receive a “no-obligation all cash offer” to purchase your home that you can consider, accept, or reject. If you agree, they will apparently pay “most normal closing costs” and you won’t have to worry about things like real estate commissions or make repairs.

So the upside here is that if you need/want to sell your home ASAP, you might be able to with a buyer like We Buy Houses with little or no work…

They also offer to buy homes when the mortgage financing isn’t ideal, perhaps because of a high interest rate and the inability to refinance, or an adjustable-rate mortgage that becomes too expensive. Someone facing the prospect of foreclosure could also potentially own an ugly home…

They also seem to target homes with problematic renters, or homes that were inherited that the family doesn’t want to deal with.

Read The Full Article “We Buy Houses Review: Should You Sell Them Your House?” Here

A lot of good information there.

Pros And Cons Of Using We Buy Houses Companies

It’s important to note that there are some real pros and cons to selling your property this way. As we stated earlier you have to do your homework and make sure you are dealing with a reputable company.

Some real pros and cons were covered in a good article from The Money Advice Service:

Pros

Quick house sale companies can provide a useful service for homeowners who need to unlock cash in a hurry. Some companies are able to buy your house within days and pay all fees (such as for solicitors and searches) for you.

For example to:

• Avoid repossession, clear debts or sort out financial issues
• Dispose of inherited property
• Move for age or health related reasons
• Sell as a result of divorce or relationship breakdown
• Relocate due to a change of job or to emigrate
• Try a different route if unable to sell through a traditional estate agent – get around issues that have made a property hard to sell, for example with a short lease or if a property has a high risk of flooding

Cons

• Some companies agree to buy a house, but then reduce the price at the very last minute
• Fee structures are not always made clear to the customer
• Some companies make false property valuations
• Some contracts tie customers in, preventing them from selling to anyone else who might come along with a better offer

Read The Full Article “Quick house sales” Here

Again, it’s really important to do your homework and make sure you know who you are dealing with and they have simple to understand contracts.

Summing It Up

Selling your house to one of these companies may be of interest to you, especially if you haven’t kept up with repairs and maintenance. Most “we buy houses for cash” companies are legit. However there are a few out there that give the industry a bad rap. Just make sure you know who you are dealing with. Research them on the web and make sure they have an established presence and no bad reviews.