If you’ve been driving around in Calgary, chances are you’ve seen some billboards advertising companies that buy houses.
Often times they say things like “We Buy Calgary Houses!” or “Cash For Your House”.
Are These “We Buy Houses in Calgary Companies” Credible?
How do I know if the local house buying companies out there are honest and credible?
Well… sometimes they all look the same at the start… but below we’ll walk you through some things to look for in a local house buying company before you should work with them.
Buying and Selling Houses: A Respectable Profession
Buying and selling houses is a valid and respectable profession that can help communities and house sellers in many ways. But just like any other line of work – a minority of house buyers in any market are the ones who make the rest of us look bad.
There are people who are really great, ethical folks who improve their neighborhoods one property at a time.
And then there’s shady, dishonest people who put money ahead of the well-being of their clients and who would sign the contract to sell their own grandmother with one hand while stabbing you in the back with the other – as long as they were making enough money.
Yes, they are out there.
Weeding Out Shady House Buyers
At Family First House Buyer, we’re committed to helping you avoid these “shady house buyers” so you can work with honest, ethical, and reputable local companies who can buy your house for a fair all-cash offer and close on your schedule.
But let’s not focus on the negative – at least not yet.
First, let’s highlight what reputable Calgary house buyers, like Family First House Buyer, are doing to positively impact the community and homeowners.
What Reputable Calgary House Buyers Are Doing
Helping People in Need
One of the most fulfilling aspects of our business is helping folks improve their lives by accessing the money they need right away. People often need the cash in their house to cover unexpected medical expenses or to relocate to be close to a relative. At Family First House Buyer, we can make that happen in just a few days, delivering peace of mind to those facing urgent financial situations.
Relieving the Burden of Unwanted Properties
We understand that some homeowners may be burdened with a property they no longer wish to keep. Whether it’s due to financial struggles, inherited property, or any other reason, selling such a property through traditional means can be daunting and time-consuming. Our team at Family First House Buyer helps sellers get rid of their burdensome properties without the hassle of having to list it with a broker and wait for months for a sale.
Boosting the Local Economy
Our commitment to creating local jobs is a vital part of our business philosophy. When we buy houses in Calgary, we hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators, and many other professionals. The average real estate transaction involves 86 people from start to finish. Our investments help create real jobs for people around Calgary , contributing to the economic growth of the community.
Supporting American Industries
While our company is based in Canada, we actively support American industries. We spend a significant amount on materials that are made right here in the USA, creating jobs in timber mills, factories, supply shops, distribution centers, and more. Our contribution to the US economy is a testament to our commitment to steady improvement and the growth of local industries.
Enhancing Calgary Neighborhoods
Revitalizing neighborhoods is one of the most rewarding aspects of our work. Abandoned and neglected houses can have a negative impact on a community. When we buy these properties and turn them into beautiful homes for families, we help increase the value of the entire community. This activity strengthens Calgary, making it a more desirable place to live for current and future residents.
Contributing to the Local Tax Base
As responsible investors, we understand the importance of a strong tax base for a community’s growth and development. When a new buyer takes over one of our properties, they pay a higher tax rate based on the new and improved value. These taxes go to pay for our schools, fire departments, police forces, libraries, streets, and other valuable pieces of infrastructure. Our commitment to enhancing properties and contributing to the local tax base is our way of giving back to the communities we serve.
The Reality of House-Flipping
While some may view house-flipping as a get-rich-quick scheme, the reality of what we do on a daily basis is far from that. Silly “reality” shows may amp up the drama, but in truth, most of our work involves coordinating with numerous individuals to ensure that everything happens on time. With lots of moving parts, our job is not as glamorous as it may seem on television.
Ensuring Credibility: Questions to Ask a Local House Buyer
When you’re looking for a house-buying company, it’s essential to ask the right questions to ensure you’re working with a reputable and credible investor. Here are some key open-ended questions to ask:
How do you help your clients?
Asking this question will give the house buyer an opportunity to explain their approach to assisting homeowners. Listen for responses that highlight a client-focused approach and a commitment to providing fair solutions.
What do you do for people?
This question aims to understand the company’s core services and how they benefit homeowners. A credible house buyer will be transparent about their process and how it aligns with your needs as a seller.
Can you tell me more about your services?
By asking for more details about their services, you can gain a better understanding of what to expect from the house-buying company. Look for comprehensive explanations that show professionalism and a commitment to helping homeowners achieve their goals.
What aspect of your business makes you the proudest?
This question can offer valuable insights into the house buyer’s values and priorities. A credible investor will take pride in their positive impact on the community and the lives of the people they serve.
How would you describe your investment philosophy?
Understanding the company’s investment philosophy can help you determine if their values align with yours. Look for answers that demonstrate ethical business practices and a commitment to fairness.
How can I know that you’ll close on my house when you say you will?
A credible house buyer will be transparent about their ability to close the deal as promised. They will provide clear explanations of their process and give you confidence in their ability to follow through on their commitments.
Recognizing Shady Operators: Red Flags to Watch Out For
While reputable house buyers operate with integrity and professionalism, there are some tell-tale signs that indicate a shady operator. Look out for these red flags:
“Kitchen Table Closings”
Be cautious if a property buyer tries to get you to sign the deed (ownership) of your house over to them at your house, rather than at a professional place like a closing attorney or title company. Most reputable house buying services will perform the actual closing of the sale at a neutral third-party place, such as a title company. This ensures everything is done right and on the up and up.
Pressuring You into a Fast Closing
If a house buyer tries to pressure you into selling your house and says that you have to make the decision today, be wary. Most reputable house buying services will make you an offer and allow you sufficient time to consider it. They understand that selling your property is a significant decision, and they won’t rush you into making a choice.
At Family First House Buyer, we present our offers with no obligation, allowing you the time you need to make an informed decision.
The Importance of Transparency and Communication
One of the most critical factors in determining the credibility of a house-buying company is their level of transparency and communication. A reputable company will be open about their buying process and how they arrive at the offer for your property. They will also be responsive to your questions and concerns throughout the selling process.
Assessing Local Reputation and Reviews
Researching the company’s reputation in the local community is an essential step in evaluating their credibility. Read reviews from past clients on platforms like Google, Yelp, or the Better Business Bureau to gain valuable insights into their level of customer satisfaction.
The Power of Experience and Expertise
The experience and expertise of a house-buying company play a crucial role in providing a smooth and reliable selling experience. An established company with a proven track record is more likely to understand various selling scenarios and offer tailored solutions to meet your needs.
The Significance of Accreditation and Professional Affiliations
Membership in reputable real estate organizations demonstrates a house-buying company’s commitment to ethical practices and industry standards. Look for any professional affiliations, certifications, or accreditations that the company holds.
The Benefits of No-Obligation Offers and Flexible Closing
A credible house-buying company will provide no-obligation offers, giving you the freedom to explore your options without feeling pressured. They will respect your timeline and preferences, ensuring a smooth and flexible closing process.
Ethical Business Practices: The Foundation of Trust
A reputable house-buying company will prioritize your best interests and present fair offers based on the market value of your property. They will not pressure you into accepting a deal that is not right for you.
How Family First House Buyer Can Help Homeowners in Calgary
At Family First House Buyer, we take pride in our credibility and transparency. As a trusted house-buying company based in Alberta, Canada, we offer the following ways to help homeowners in Calgary:
Fair and Fast Cash Offers
We provide fair all-cash offers for houses in any condition. Whether your property needs repairs, is facing foreclosure, or you need to relocate quickly, we can offer a competitive cash price.
Sell As-Is
You don’t have to worry about making repairs or renovating your property. We buy houses as-is, saving you time, money, and stress associated with traditional home selling.
No Hidden Fees or Commissions
When you sell your house to Family First House Buyer, there are no real estate agent commissions or hidden fees. The cash offer we present is the amount you’ll receive at closing.
Flexible Closing Timeline
We understand that each homeowner’s situation is unique, and we can work with your schedule to ensure a smooth and convenient closing process.
Local Expertise and Knowledge
Our team is familiar with the Calgary real estate market and can provide you with valuable insights and support throughout the selling process.
Conclusion
Selling your house to a reputable “We Buy Houses in Calgary” company can be a convenient and beneficial option. However, it’s essential to verify the credibility and reputation of the company before proceeding with the sale. Look for transparency, local reputation, experience, ethical business practices, and professional affiliations when evaluating a house-buying company.
At Family First House Buyer, we take pride in our credibility, expertise, and commitment to ethical practices. We strive to provide a positive and stress-free selling experience for homeowners in Calgary. If you’re looking to sell your house for a fair cash offer, contact us today to learn how we can assist you with your real estate needs.