Most likely, if you’ve been driving about Lexington, you’ve noticed some billboards for We Buy Houses Lexington companies.
They frequently employ phrases like “Cash For Your House” or “We Buy Lexington Houses!”
How Reputable Are These “We Buy Houses Lexington Companies”?
How can I tell which of the many local home buying company is trustworthy and ethical?
Well, sometimes they all appear to be the same at first, but we’ll show you what to look for in a local house buying company below before you decide to engage with them.
A legitimate and reputable profession that may benefit communities and home sellers in several ways is home buying and selling. However, a small percentage of home buyers in any market are the ones that cast a negative light on the rest of us, just like in any other profession.
There are some very terrific, moral people who work to better their communities one house at a time.
And then there are the shady, dishonest individuals who prioritize money over the welfare of their clients and who, as long as they were making enough money, would sign the contract to sell their own grandma while stabbing you in the back with the other hand.
They do exist, really!
In order to deal with trustworthy, moral, and respected local businesses that can buy your house for a fair all-cash offer and close on your timetable, we’ll assist you to steer clear of these “shady house buyers.”
But let’s not dwell on the bad—at least not just yet.
Let’s first discuss the specific strategies used by the top home buyers.
What Trustworthy Lexington House Buyers Do
- Helping people obtain the money they require as soon as possible to better their lives. People sometimes use the cash in their home to pay for unforeseen medical costs or to move closer to a relative. We provide peace of mind and can make that happen in a matter of days.
- Assisting sellers to quickly and painlessly sell a troublesome property rather than having to wait months for a sale after listing it with a broker.
- Creating jobs close to home. Along the route, we work with several different people, including plumbers, electricians, brokers, title agents, loan officers, administrators, and many more. From beginning to end, 86 persons are involved in a typical real estate transaction. For residents in the Lexington, Kentucky, area, our investments help create actual jobs.
- Purchasing US goods. We spend a lot of money on materials that are produced right here in the United States, which supports a variety of employment in our distribution centers, supply stores, factories, and more. The US economy depends on continuous growth, which necessitates investment from people like us.
- Raising the value of the communities in Lexington. When we upgrade a home, we contribute to raising the neighborhood’s overall value. We frequently restore dilapidated and abandoned properties to create lovely homes for families. That action makes Lexington stronger.
- Building up the tax base. One of our properties will be sold to a new buyer who will pay a higher tax rate in accordance with the increased value. Our schools, police, fire, libraries, roadways, and other important pieces of infrastructure are funded in part by those taxes. Once again, enhancing our neighborhoods.
Really nice thing, no?
Many individuals consider house flipping to be a quick-riches gimmick. That is encouraged by ridiculous “reality” programs that increase the drama since what we actually do on a daily basis is actually rather uninteresting.
The majority of our job involves working with several people to coordinate activities and ensure timeliness. We have a lot of moving elements to keep track of.
Now let’s return to how you may utilize this information to determine if a person is a real investor or whether they are merely operating a house buying scam.
How To Make Sure You’re Dealing With A Trustworthy Local House Buyer
Ask them some of the questions listed below when you speak with a local house buyer about the possibility of selling your home to make sure they are respectable, informed, and truthful.
Pose open-ended inquiries, such as:
- How do you assist your customers?
- Do you help others in any way?
- Would you please elaborate about your services?
- What feature of your company gives you the greatest satisfaction?
- How would you sum up your approach to investing?
- How do I know you’ll buy my house when you say you’ll do it?
Second, watch out for telltale signals of the strategies that select few dishonest operators choose to employ.
- “Closings at kitchen tables” – Be wary if a prospective buyer asks you to transfer ownership of your home to them at your home rather than a formal setting like a closing attorney’s office or title business. The majority of trustworthy house-buying businesses will handle the actual closing of the deal at a third-party location that is impartial, such a title firm. This makes sure everything is done correctly and honestly.
- Forcing you to make a quick closure – Be wary if a potential buyer for your home attempts to rush you into selling it by insisting that you must decide now. Most trustworthy house-buying businesses will provide you with an offer, and you’ll have a minimum of 2–7 days to decide on it. We buy multiple houses a month and when we make you an offer, we’re assuring you that the cash to purchase your house is ready and we’ll reserve that cash for several days so that if you do want to sell your house, we can close on your schedule. This is why reputable house buying services like ours at Bluegrass Investment Properties LLC do place deadlines on our offers because the market changes and values can change week to week depending on other sales in the area. If you decide the offer isn’t right for you, we’ll transfer the money to aid another seller in selling their house.
The majority of con artists want a rapid result rather a thorough interview.
They’ll probably come up with an excuse to end the call and switch to someone who doesn’t ask too many questions.
True investors, on the other hand, are establishing long-term companies based on interpersonal connections and neighborhood improvement.
Therefore, never be hesitant to ask questions while you’re looking at one of the “We Buy Houses Lexington companies”!