Are Amarillo We Buy Houses companies Scam Artists?

When I tell people that I am an Amarillo-based We Buy Houses company most of the time it is pretty well received.  But sometimes people give me the evil eye.  It’s almost like I just told them that I am a drug dealer or something!  I often hear people saying that Amarillo We Buy Houses companies try to steal houses or that they are low-ballers.  But they are just like any other small business owners.  They are just trying to make a living.  Sure there are bad ones out there, but there are also plenty of good ones.  Before you jump to conclusions, here are a few things that you might want to consider:

1. Amarillo We Buy Houses companies work with smaller profit margins than most other retail businesses.  Most houses are purchased by investors for around 70-75% of value.  Then they spend money rehabbing the property.  They also have to pay taxes, insurance, and make payments until the property sells.  When it sells they will usually end up paying most of the new buyer’s closing costs plus a 6% Realtor commission.  They will also have their own closing costs to pay.  When all the dust settles, most Amarillo We Buy Houses companies will end up making around 5-10% on the total deal.  This is not a very good return when you consider the tremendous amount of risk that is involved.  Realtors make 6% and have no risk.  Most retail stores have between a 30% and 50% mark up, if not more.  Car dealers buy your trade in for $10,000 and sell it for $14,000.  These margins are much better than the margins that Amarillo We Buy Houses companies work with.
2. Price is not the only thing to consider in a transaction.  Think about a convenience store.  You pay more for items in a convenience store then you do in a grocery store but you can get what you need right now!  People always pay more for convenience.  People will knowingly accept less for their house if they can have their money in 3 days instead of 3 months.  The same applies to someone who is trades their vehicle to the dealer instead of selling it on their own.  Each person sells for his or her own reasons.  Sometimes convenience or timing can be more important than price.  That’s why many people sell to Amarillo We Buy Houses companies.
3. Amarillo We Buy Houses companies help the economy and provide an invaluable service to the community.  The houses they buy are not desirable.   They remodel these houses, increase the value, and sell them.  By transforming these run-down houses they increase the value of the entire neighborhood.   This is a good thing, especially if you live next door to the ugly house.  In many blue collar neighborhoods Amarillo We Buy Houses companies account for a huge portion of the houses that are sold.  So the bottom line is that Amarillo We Buy Houses companies increase home values and sell lots of houses.  According to the National Association of Realtors, two jobs are created for every house that is sold.  Every house that is sold pumps nearly $60,000 into the economy.  Amarillo We Buy Houses companies help drive the housing market.
4. Amarillo We Buy Houses companiesprovide affordable housing.  If it weren’t for these investors there would be no rent houses.  Imagine that… a world without rentals.  There are a lot of people who would be in trouble.  I mean, who hasn’t lived in a rent house at one time or another?

If your house needs a lot of work or if you need to sell it fast give us a call.  We can buy your house and close in less than a week.  We are members of the better business bureau and have tons of references.  Call us at 806-359-7653 or visit us on line at  Amarillo We Buy Houses.