Increasing the tax base.<\/strong> When a new buyer takes over one of our properties, they\u2019ll 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.<\/li>\n<\/ul>\n\n\n\nPretty cool stuff, right?<\/p>\n\n\n\n
Lots of people think of house-flipping as a get-rich-quick scheme. That\u2019s fueled by silly \u201creality\u201d shows that amp up the drama because the reality of what we do on a daily basis is actually pretty boring.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
So let\u2019s get back to how you can use this information to find out if someone is a credible investor, and not just pulling a house buying scam<\/strong><\/em>.<\/p>\n\n\n\nHow To Ensure You’re Working With A Reputable Local House Buyer<\/h2>\n\n\n\n
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.<\/p>\n\n\n\n
Ask open-ended questions like:<\/p>\n\n\n\n
\n- How do you help your clients?<\/li>\n\n\n\n
- What do you do for people?<\/li>\n\n\n\n
- Can you tell me more about your services?<\/li>\n\n\n\n
- What aspect of your business makes you the proudest?<\/li>\n\n\n\n
- How would you describe your investment philosophy?<\/li>\n\n\n\n
- How can I know that you’ll close on my house when you say you will?<\/li>\n<\/ul>\n\n\n\n
Second, look for tell tale signs<\/em><\/strong> of tactics that those few shady operators tend to use.<\/p>\n\n\n\n\n- “Kitchen table closings”<\/strong> – 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 place… like a title company. This ensures everything is done right and on the up and up.<\/li>\n\n\n\n
- Pressuring you into a fast closing<\/strong> – 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 house buying services will make you and offer and that offer will be on the table for at least 2-7 days (minimum) for you to make a decision. The reason reputable house buying services like ours at All Ohio Homebuyers do place deadlines on our offers is because the market changes and values can change week to week depending on other sales in the area, also… 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 if you do want to sell your house, we can close on your schedule. If you feel the offer isn’t a fit for you, then we’ll assign those funds to help another seller with their home sale.<\/li>\n<\/ul>\n\n\n\n
Most scammers are looking for a quick score, and not an in-depth interview.<\/p>\n\n\n\n
Chances are good that they\u2019ll find excuses to get off the phone and move on to someone who doesn\u2019t ask too many questions.<\/p>\n\n\n\n
True investors who run honest and ethical Dayton house buying services, however, are building long-term businesses based on relationships and community development.<\/p>\n\n\n\n
So when you’re looking at one of the “we buy houses in Dayton companies<\/strong><\/em>“… never be afraid to ask questions!<\/p>\n\n\n\n