If you’re a homeowner, you’ve probably come across companies wanting to buy your house. You’ve probably heard friends warn you of “we buy houses scams”. Indeed, not all of these companies are created equal. and it’s important for you to know who you’re dealing with and what you want out of the relationship.

I would disagree that there are we buy houses scams because usually, these companies will – at a minimum – offer to purchase your property for cash with no formal inspection or appraisal so they can close quickly. This is great if you are looking to get rid of a problem property fairly quickly. The trad eoff is, this purchase will usually be at a discounted price so if you’re in a strong financial position and the house is turn key, a discounted sale may not meet your needs.

Instead, my recommendation is you want to speak to a more sophisticated company that will have other strategies available to them so a quick sale isn’t the only tool in their toolbox. This means that, while they can purchase the property quickly and for cash, they can also provide more creative solutions that accommodate a broader range of scenarios and goals while still putting the property to work for the seller. Maybe that strategy is some form of seller financing, so the seller is actually receiving interest over time. In effect, their profit from the sale becomes invested in the buyer and that investment that is secured by a tangible asset. This is a great option for houses that are in good condition but might need a little cosmetic updating because by taking the interest generated over time into account, this strategy increases the seller’s total profit. Maybe that strategy is finding a unique buyer. If the seller isn’t in a position to offer seller financing but the property is habitable but outdated, finding a lease option buyer might be a great way to generate some income for the short term and optimize the sales price. This is great for a seller that doesn’t mind being a landlord, but finding the right tenant is important and you can use these “we buy houses” companies to help…if they know what they’re doing.

Finally, not everyone you talk to is going to be a fit. You want to make sure the person you’re talking to is professional, compassionate, non-judgmental but also well connected so that if disposing of the property isn’t the right move, they can (and are happy to) refer you to another field of professionals that can assist you.

At Sunrise Real Estate, we are NOT we buy houses scams.

We are creative problem solvers that seek win/win solutions. We give lots of thought to your unique scenario – the more detail about your finances that you can give us the better our solution will be, and of course we always keep the information confidential. We have successfully purchased properties from trusts, probate estates, situations of multiple decision makers, and properties that were functionally obsolete or condemned. We have a great track record of doing what’s right and testimonials from our investors who have worked with us and come to trust us day in and day out with their investments. Check out our About Page to learn a little more about us.
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Hopefully these considerations will help you evaluate whether the company you’re speaking to is the right fit for you when you’re questioning what to do with a house or multifamily property.

If you’re in this position and want to find out if we might be a fit for you or what your options are, please don’t hesitate to call or you can reach out on our website and we’ll call you. It’s free to get an offer and you don’t have to accept so you have nothing to lose.