We Buy Houses NJ companies – they’re everywhere – any utility pole that you look at, you see one of these “Bandit Signs” saying that they will buy your house in New Jersey. Is it a scam? What’s the truth about the “We Buy Houses NJ” signs that we see everywhere? This is what this post is about.
We Buy Houses NJ – Is it a scam?
The short and simple answer is: No. They’re not a scam. Those are usually legit companies (or people) that are looking to buy houses to flip. It’s that simple. However, it is important to mention that not all companies are alike. There are the good “We Buy Houses NJ” companies, and the ones that are not.
Why are the “We Buy Houses NJ” companies interested in buying my house?
So we’re ALWAYS looking to buy houses in NJ to fix and flip! Behind almost every “We Buy Houses NJ” companies out there, there’s usually an experienced real estate investor that is looking to buy houses to repair and resell.
And why don’t these companies buy houses from Zillow or other sites instead of direct purchases with a homeowner?
That’s a great question! The main reason is that usually when a homeowner lists their house to sell with a realtor, the house is already in “move-in” condition, meaning that there’s no repair needed, the house is in livable conditions, and therefore wouldn’t be any chance for us to make a profit out of it. See, to sell your house with a real estate agent, the house needs to be appraised by the mortgage lender of the buyer, and mortgage companies and banks do not lend money to fixer uppers, unless it’s a specific (and hard to get/manage) rehab loan.
Did you notice that I highlighted the word “usually” on the paragraph above? That’s because, we can still buy your house even if your house is already fixed!
Sometimes, you don’t want to wait 120+ days to sell your house, or you don’t want to handle with a lot of potential buyers showing up at your house at inconvenient times. It’s a hassle to sell a home with a real estate agent! You need to keep your house neat and clean, you need to repair big items that would make your house unsellable (like roof, HVAC, foundation, underground oil tank, septic tank, etc), you need to leave the house (and clean it) before a potential buyer shows up, you have to increase your curb appeal, and you need to deal with the anxiety of getting an offer or not. It’s a lot to handle, and we get it! For that reason, sometimes even if your house is already fixed, you can still sell it to us!
You can take a look at this comparison we prepared in order to help you decide whether it’s best to sell with a real estate agent or to us.
How do I pick one of the good companies?
As in any other business you should do your due diligence and look for companies that are more trustable, with good reviews, associated with local chambers of commerce, and that have active social media profiles with lots of likes/followers. That shows that the company is currently active, and not just a scam business.
It’s also important to pick a LOCAL company rather than a “Nationwide” one. It’s impossible for the big players out there to know every single real estate market in the country. Even if they have a local branch, that local office will still follow the “recipe” from the main office, meaning that whatever offer you get will be part of a simple calculation rather than a tailor made offer to your house. We at Orange Sun Investments are local to NJ. We are the best “We Buy Houses NJ” company in New Jersey! That’s all we do – we’re professional house buyers in NJ.
How does it work?
It’s just 3 steps
- Tell us about your house using the form below
- We will meet you at the property and answer any questions you might have
- We close at a local reputable attorney or title company, and you get the cash!
Let us present you with an offer for your house. You have absolutely no obligation whatsoever to accept it! Just give us a call at 1-888-WE-BUY-NJ or simply fill out the form above!