There are plenty of reasons why you might find yourself in a position where you need to sell your house quickly or can’t find a buyer on the open market. Whether it’s because of a life change (new baby, job transfer, divorce, relocation), financial reasons (tax liens, foreclosure, inheritance), or disrepair (mold damage, water damage, termites), there are plenty of good reasons to consider selling your home as-is to company that buys houses. Doing so allows you to sell your house quickly, get cash in your pocket, and move quickly towards your next steps.
But that process can also bring about a lot of questions on its own. Who are these companies that say “we buy houses?” Are they reputable? How can you tell a reputable one from one that isn’t? How do I know I’ll get a fair offer?
These are all good questions you should be asking yourself and the answers to those questions can be found in doing a little bit of research in order to figure out fact from fiction. Here are some ways you can get answers and find the best companies that buy houses in Milwaukee, Wisconsin.
How You Can Find The Best Companies That Buy Houses In Milwaukee
Check the Company Out
In our modern world, there are certain things we expect to find when we are checking on a company and want to know if we can trust them. We want to see that they have a website or a web presence that is assuring, transparent, and provides valuable information. We want to be able to see who runs the company and who we would be dealing with if we decided to do business with them. And we want to see that they are an upstanding member of the community.
All of this is easy enough to do with a simple web search. If you search the company name and can’t find a website or company background easily, that’s a red flag. Of course, they might prefer not to manage a web presence, in which case you can contact the company and ask for any materials to support their business and what they do.
Read the Reviews
Word of mouth is one of the most underrated and important tools that customers have when it comes to choosing who they want to work with and give their business too. That’s especially true in the world of home buying and home investment. Once you know the name of a company that buys houses, the first thing you’ll want to do is see what other sellers have had to say about them.
You can start by checking the company website to read their testimonials. Often, reputable homebuying companies will include photos and videos to verify the satisfied customers they’ve worked with. To get a more unbiased selection of feedback, head to one of the many websites that offer customers the chance to provide reviews and feedback on companies, such as Yelp, Angie’s List, Foursquare, and MerchantCircle. If you’re not able to find any reviews or all of the reviews you read are negative, that should be a red flag for you.
Give the Company a Call
Sure you can find out a lot of information by checking a company out on the web, but you can really get a sense of who they are and what they’ve done by actually giving them a phone call. Ask to speak with a representative who can speak to the company’s background, what they do, and how they might be able to help. You can also ask them for a list of recent purchases they’ve made in order to verify that they do the work they say they do. Feel free to cross-reference any addresses they provide to see if they’re telling the truth.
If you really want to go to the extra step, take a drive around Milwaukee to visit the properties to make sure they actually exist and have been purchased. You might even be able to meet one of the employees at the site if you like.
Check Your Local Better Business Bureau
The Better Business Bureau (BBB) is an independent nonprofit organization whose mission is to provide consumers with an unbiased resource for marketplace trust and fairness. If someone has worked with a particular home buying company and had a bad experience, they may have reported it to the BBB along with context for what happened. The BBB may also provide a grade score, ranging from A+ to F, based on various factors. If the company you’re researching has a bad score, you’ll want to investigate why in order to determine if there is merit in not working with them.
Once you’ve vetted all of the home buying companies and real estate investors on your list, the best way to know for sure if you want to work with them is to meet them in person. A face-to-face meeting will allow you the chance to see how they present themselves and how they conduct business. If they’re unprofessional and don’t seem to know what they’re talking about, you can walk away and choose not to work with them. Be sure to ask them questions about their experience, previous clients, best practices, and values. If you decided to meet them at their office, take a tour and see if you can meet some of the other employees. Get a sense of how details and professional the business is.
If they’re a reputable company, they’ve got their business affairs in order so they can focus on getting you a fair price for your house and making the process as smooth as possible for you.
Regardless of how that first meeting goes, don’t get down to business right away. And never give the investor any money before the closing date (a closing or escrow agent should be involved in the transaction). Any company or agent who asks for money before that time should be avoided.