Ed Nice Answers: Are Cash Homebuyers Scammers?

I've been talking about Buffalo Brick & Mortar on air for years, and I've seen some people on social media wonder if it's a scam or if they're taking advantage of people in bad positions.

As a mortgage broker and rental property investor myself, I can understand how these questions arise. You have to realize that these type of as-is cash offers aren't for people who consider their home a long-term investment.

Many people who work with companies like Buffalo Brick & Mortar just want to be done with the house — whether they are facing divorce or an out-of-state move, an inherited property that hasn't been maintained or updated, or an overwhelming number of repairs. They get the advantage of walking away with a check to start fresh, and Buffalo Brick & Mortar assumes the risk of updating the property. Who knows if there will be hidden damage, code violations, title issues, or shifting markets?

In fact, Buffalo Brick & Mortar has dealt with plenty of homes with mold, leaks, collapsing floors, and dozens of issues. They are pretty open about the fact that they often lose money at the end of the day, too.

But they are using their experience and expertise to improve homes in neighborhoods throughout Buffalo and beyond, whether they sell a renovated home to a new owner or rent it out. They are committed to transparency, respect, and helping people move forward; they have a real estate agent on staff and can present numbers for the original seller to list the home, too.

Like any industry, there are some real estate investors that deserve a poor reputation, but Buffalo Brick & Mortar is not among them. If you're curious about whether your house would be a good fit, request a no-obligation quote at buffalobrickandmortar.com or by calling 716-403-2016.