‘We Buy Houses’ Means Up To No Good in Antelope
I know they say they “buy with all cash” and that they “don’t care about condition,” but I can assure you, they have absolutely ZERO interest in helping you or anyone else……….besides themselves. You can find ‘We Buy Houses’ signs all over the Antelope area, strategically placed in high traffic locations to catch the attention of homeowners feeling pressure about their mortgage. They provide a phone number and hint at an easy solution to a problem that has caused some loss of sleep.
What ‘We Buy Houses’ Really Means
When you see a ‘We Buy Houses’ sign, you are looking at a marketing tool placed by a person who is looking to profit from buying wholesale, making repairs and selling at a premium. Most have gone to seminars by ‘make easy money’ personalities, who offer them finder fees to locate properties in distress because the guys on the sign don’t have the $300,000-$400,000 cash it takes to buy a beat up house and restore it. This can and is a legitimate way for sellers to move quickly. I have done many in my 35 years in real estate. When I get a call from someone who wants to sell as is cash, quickly, I recommend they call a couple of these guys then let me come out and look. I have beaten their offers EVERY TIME! Mostly because they are actually just the middlemen, taking a finder’s fee which is coming out of your pocket!