Are Companies That Buy Houses For Cash Licensed?
July 24, 2021 Mark MacFarlane

How Covid Changed the Way We Sell Homes

Posted in Home Buying, Home Selling

Are Companies That Buy Houses For Cash Licensed?

Street Corner Signs

Have you seen signs on the street corners or along the roadside that claim “We Buy Homes for Cash” and wondered if these cash home buyers are licensed or legitimate?

In the State of Texas and most other states, companies that buy homes for cash are not required to be licensed but the vast majority of the companies that buy houses for cash, also known as “Quick Home Buyers” or “Home Cash Buyers,” operate a legitimate business.

These reputable home cash buying companies, like OutFactors, are not the ones putting small handwritten “bandit” signs on the street corners. Most of those signs are placed by small investors or scammers looking to take advantage of vulnerable homeowners. Thankfully, these are the exception, as the vast majority of home cash buyers are legitimate companies that operate a respectable business.

What are these Companies that Buy Homes for Cash, Anyway?

There are typically two types of cash home buyers, companies that buy houses for cash or individual investors. Whether they are an established company or an individual, they both have several things in common; they will purchase your home outright and immediately, without the need for mortgage financing. Their business model is based upon making the sale of your home super fast, convenient, hassle-free, and a commitment to close in 10 days or less. They make it easy to sell a house fast as-is!

When you sell to a quick home buyer, you’ll avoid the expense and time to prepare a home for sale.

It truly is a fast and hassle-free way to sell a home!

Why Aren’t Companies that Buy Houses for Cash Licensed?

When a company or person offers to pay cash for a house directly from a seller, it is a private transaction and such private transactions are not regulated. In almost every state, including Texas, it is considered a for-sale-by-owner transaction and most homeowners do not want to be told how and when they can sell their house. Similarly, most buyers do not want restrictions on what they can do with their money.

Home cash buyer not licensed

While it’s not a legal requirement,
a reputable company that buys houses for cash will:

Be operated and managed by a
licensed real estate professional

30 years of experience

Conduct background checks
on all its employees

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Adhere to the highest ethical and
moral standards in the industry

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Use standard contract forms
that are easy to understand

contract to buy house for cash

How to Screen Companies that Buy Houses for Cash

When you want to sell your house fast to a home cash buyer, a little homework can save you a lot of trouble. Here are a few steps you can take to protect yourself and make sure the home cash buyer is legitimate:

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Do they have a published phone number? A legitimate home cash buyer will prominently publish their contact information.

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Visit their website. Is it substantial with testimonials, videos, and a lot of relevant information?

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Do they use a Gmail, Yahoo, or other general email address? Legitimate companies that buy houses for cash will have a private email address based upon their company name.

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Do they have some online reviews? Most home cash buyers will have some reviews.

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How many years have they been in business? A reputable company should have been in business for at least ten years.

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Are they BBB accredited with an A rating? They should be registered with your local BBB and have an excellent rating.

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Do they offer fast and free no-obligation offers? You should never pay for an offer or cash for house evaluation.

The respectable companies that buy houses for cash, like OutFactors, will have all of the above and are more than happy to answer all of your questions. If the home cash buyer will not answer your questions or make you feel jittery in any way, then listen to your gut. There are legitimate companies that buy houses for cash all over the country, so find a reputable home cash buyer in your city and sell to them!

Legitimate Companies that Buy Houses for Cash

No, home cash buyers are not licensed but the legitimate ones are professional organizations and many are managed by licensed professionals. These professionals are regulated and licensed by the state and must follow the same strict code of ethics as all licensed real estate professionals. When the time comes to sell your house fast, you need to do a little bit of homework to find a reputable home cash buyer in your area.

Sell Your House Fast to a Trusted Home Cash Buyer!

If you happen to own a home in the state of Texas and want to sell your house as-is quickly for the highest cash price, you are at the right place. At OutFactors, we are a legitimate home cash buyer that is BBB accredited with an A+ rating, have been in business since 2001, are managed by a licensed real estate professional, and put everything in writing using Texas standard contract forms.

Fast Closing: Even when you sell your home quickly using traditional methods, a typical buyer will take at least 30 days to close, and you will pay thousands in commission and fees. When you sell to OutFactors, there are zero commissions and we close in 10 days or less.

Cash Offer: We will buy your house as-is and ensure you get your money with lightning speed. No need for mortgage financing, which ordinarily prolongs buying processes.

Competitive Rates: We pay some of the highest cash prices for homes located in Texas. Request your highest cash offer and then crunch the numbers. Once you compared our cash offer versus the cost of fixing, marketing, staging, and selling the home using a real estate agent, you might be surprised to learn that selling for cash gets you the more net cash without any of the hassles.

Offers are Fast and Free: We pay some of the highest cash prices in the Dallas Fort Worth area and getting an offer takes about 2 minutes. So what do you have to lose by requesting an offer except for a few minutes of your time?

Home for sale sign for best offer

Get Your Fast and Free Highest Cash Offer Today!

This information is provided by OutFactors, a home cash buyer. At OutFactors, we buy houses as-is for cash and close quickly. To get a cash offer on your home just enter your address and answer a few simple questions about the house. The entire process only takes about 2 minutes and personal information is NOT required. Yes, that is correct! No email address, no telephone number, not even your name. If you like the offer, great, your home is sold. If not, just “X” out and go enjoy the rest of your day. To get a great cash offer click here!

For those who prefer a personal touch, we invite you to call us at 800-420-7030 to speak with our friendly and helpful customer advocates. We are here to help!

539 West Commerce StreetGold Best Cash Offer Button
Suite 1205
Dallas, Texas 75208
(800) 420-7030

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Companies that Buy Houses for Cash | Home Buyer | OutFactors — Dallas Fort Worth, Texas