HomeVestors States Investors May be Illegal


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Real estate investment is a great way to make money. Unfortunately, it’s easy to accidentally violate a few laws.

Dallas, Texas – After 15 years in the real estate business, HomeVestors has purchased over 50,000 properties. They have also had the opportunity to participate in hundreds of real estate investment opportunities. One of the main things investors need to remember is to think carefully before they invest.

Inexperienced real estate investors make mistakes all of the time. However, some mistakes can cost investors more than just money. They can also cost jail time, poor credit scores, and more. Ignorance of the law people does not excuse people from following it.  The good news is accidental illegal activity can be avoided.

The real estate investor must be upfront and honest in everything that he does. When talking to potential sellers, he must thoroughly explain his job, what he wants a property for, and how he arrived at his offer for it. In addition, he must not be pushy. A hastily made decision can quickly turn into a regretted one. With buyers and tenants, the real estate investor must also be upfront as well. All known facts about the property should be disclosed, especially if they will cost the buyer money or endanger the health of the occupants.

Real estate investors must have all contracts written, read, and proofed by a real estate attorney. These professionals are trained in the letter of the law, and they will be able to pinpoint any potential problems. Make sure the working is gone over with a fine tooth comb. The wrong phrase can mean the difference between success and going to jail.

Time is a real estate investor’s friend. Use it wisely. Investors should allow all sellers and buyers time to thoroughly consider contracts without feeling pressured to sign them. Real estate investors would want their attorney to check their contracts. Sellers and buyers should also be allowed the time to have their attorney check their contracts.

The main thing that real estate investors should remember is to never take a commission. The only professionals that may take a commission in real estate are licensed agents and brokers. Real estate investors may take a fee like an assignment fee, but staying away from fees and commissions is probably the smarter choice.

Real estate investment has the potential to make investors a lot of money. Staying smart and making wise choices will save real estate investors more money.

About HomeVestors of America Inc.

HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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