When doing your research online about different professional homebuyers in Detroit there is a lot to consider. How do you know who is reputable and who isn’t? In this blog post, we explain why it’s much better to work with a local house buying company and why you should avoid dealing with companies that advertise themselves as a nationwide property buyer. With so many options available and ads touting quick closings and cash offers, it can seem confusing and overwhelming. So, let’s get right into it and go over the key differences between the local house buying company and the so-called companies who buy houses nationwide.
Generic Sounding Company Names
One of the easiest ways to differentiate the nationwide vs the local, are by the name of the company website or by their brand names. If the domain of their site doesn’t say Detroit in it, then chances are likely they aren’t local at all. There are generally 3 or more of these generic sounding companies advertising their services on page 1 of most popular search engines on the internet, so beware. Some of the ads may be paid ads and others could be organic rankings but either way, it’s good to be informed as a consumer.
Avoid The Pitfalls
One of the biggest downsides of not working with a local real estate property buyer, is the lack of knowledge about the local housing market. If you choose to accept an offer from one of these nationwide cash homebuyers, keep in mind that they may try and renegotiate a lower price before closing. This typically happens due to the fact they aren’t local and lack experience buying properties in the Detroit MI area. They also may lack the ability to close the deal altogether, which can leave you in a very uncomfortable position as a seller. Detroit is a very tough city to master from the perspective of a professional real estate investor, so keep this in mind as well.
Dealing With Experts
Selling your house to a local company who buys houses in Detroit makes a lot more sense and comes with much less risk than working with a so-called, nationwide homebuyer. Not only are you supporting local business but you are also dealing with someone who understands the Detroit real estate market very well. This means the likelihood of them buying your house quickly is much greater.
If you are ready to sell your house and would like to deal directly with a local house buying company in Detroit, reach out to us here. Or call 313-647-8806