Category Archives: Home buyers

An Overview of Tampa We Buy Houses

“We Buy Houses” is a well-known statement in the United States. I’m going to discuss about the signs that employ this phrase for the sake of this essay. I’m sure you’ve seen a local sign that says “We Buy Houses” in your town or neighbourhood at some point. Other variants include “I buy houses,” “We Buy Ugly Houses,” and so on. Tampa We Buy Houses offers excellent info on this. The majority of them are handwritten, but coloured print may make them look even more professional. The phrase is also widely used on the internet, making it easy for search engines to find. So, what really is the situation? Who is it that is putting these signs up in the first place?

 

In my personal business, I actually utilise signs like this. As a real estate investor, I have signs up in the neighbourhoods where I want to buy. They’re known as “bandit signs” in the industry. This is because putting them out on public property is against city code in many cities and communities, hence the term “bandit.” They’re mainly utilised to “blanket” a region in order to get the most exposure. They can be found on freeway exit ramps, at large stop lights or intersections, or along a major city street or highway. They can also be found in neighbourhood entrances, shopping malls, and Wal-Mart stores. Some will be fastened to telephone poles, while others will be fixed in the ground.

So, who is it that hangs these placards, and what do they do? These signs are clearly intended to market to home sellers. As I previously stated, I am a real estate investor, and employing these signage is a terrific method to entice sellers to contact me. It’s the polar opposite of selling something. We’re essentially selling the fact that we’d like to purchase something. As a result, Real Estate Investors will be the source of the majority of the signage. Real estate investors come in a variety of types, which means they have varied exit strategies. Some investors enjoy looking for property to rent out. Others are “flippers,” or those who look for houses to fix up and sell for a profit. They are looking for “excellent deals” or reduced properties as investors. The idea is to discover a motivated seller whose house has become a nuisance for them but still has enough equity to sell at a low price. Most will be cash purchasers who can close quickly on your home. This is the benefit of investigating the lead behind the sign if you want to sell your house quickly.

Contact Info

We Buy Houses Tampa Florida
6421 N. Florida Ave Ste D #1333, Tampa, FL 33604
Phone no: (813) 492-2825

Buying a New Home vs a Resale- An Info

Did you ever see those late night TV commercials that promise you can make money in Real Estate without using any of your own money or credit? What they are going to teach you is wholesaling Real Estate.-click to read more

What is Wholesaling? It is simply this. You market for a motivated seller, get the property under contract, then sell your “rights” of that contract to another person for a fee. Typically the fee is an assignment fee, and ranges anywhere between $2,000 and $15,000. The fee depends on each deal, the market, and for how much the wholesaler got the property under contract.

One of the ways to market for motivated sellers is bandit signs, which usually say something like this “we buy houses, fast, cash, any condition, call xxx-xxx-xxxx.” Generally speaking, when you call one of these numbers you will be talking to wholesaler that is not going to actually “buy” the property, but will find someone else to buy the property. This may not be a bad thing for the property owner, because they are in a situation where they just need to get out of the property for whatever reason, and don’t really care who buys it.

Areas of Concern
Because the wholesaler is going to turn around and market his interest in the property to a cash buyers list, there is the possibility that the house may not get bought. This happens often, and unfortunately has given wholesalers a bad name.

This is often the result of many new people entering the “no money down” real estate investing game, and not knowing what they are doing. So they get a deal from a seller, and can’t find a cash buyer because it really wasn’t that good of deal in the first place. Either they didn’t get it a the right price, or their estimate on repairs is way off.

Things you can do to protect yourself. If you find yourself in situation where you need to sell your house fast, and you call a wholesaler, there are few steps you can take to protect yourself. Ask for a decent earnest money deposit. Most wholesalers are going to try to get the property under contract for $10 or less, so in the event that they can not find a cash buyer, then the most they are out is $10. I would ask for $1000 earnest money deposit. If it is good deal for them, then why wouldn’t they put up at least that much.

Ask how many deals they have done. A good wholesaler knows their numbers and they know how many deals they have done, and pride themselves on not backing out of a deal. Ask for references.
Tying it all together. So by now you should know what to expect when you respond to one of those “we buy houses” ads. Just like anything else there are good wholesalers, and there are bad wholesalers. Make sure you do your due diligence when selling your house, ask questions, and if you get gut feeling they are lying to you, or doing something shady, then don’t do business with them.