The real estate industry is constantly evolving and new trends are emerging that are changing the way people sell and buy homes. One such trend that has gained a lot of attention in recent years is iBuyers. But what exactly are iBuyers and should you work with one? In this post, we’ll explore this topic in detail and provide you with the information you need to make an informed decision.
What Is An iBuyer?
An iBuyer is a company that specializes in buying properties quickly, usually sight unseen. They use technology to make fast offers to homeowners who need to sell their homes quickly. The idea of selling your house in a matter of days or even hours can be tempting, but there are some serious drawbacks to consider before deciding to work with an iBuyer.
How Are Their Offers Determined?
When it comes to determining offers, iBuyers often use an automated valuation model, which is a computer-generated estimate of the value of your home based on geographical data and the size of your house. On the other hand, real estate agents and professional home buyers like Go To House Buyer use a comparative market analysis (CMA) which is a more thorough evaluation of your home based on the data of recently sold homes in your area. With an iBuyer, you’re likely to receive a much lower offer compared to what you would receive if you worked with an agent or a professional home buyer. Additionally, the offer from an iBuyer is often non-negotiable, meaning you’re stuck with the amount they’re offering.
What Do They Charge?
Another thing to consider when deciding to work with an iBuyer is the costs involved. According to Marketwatch, iBuyers can charge up to 11.5% in fees and commissions which is nearly double what an average agent would charge. This, combined with the lower offer, can result in a significant loss of money for homeowners. On the other hand, working with a professional home buyer like Go To House Buyer can be a much more cost-effective solution. Our process is fast and straightforward, and we don’t charge any fees or hidden charges.
How Is Go To House Buyer So Different?
Go To House Buyer operates differently from iBuyers in several ways. First, we work directly with local home sellers, helping them achieve their selling goals. We purchase homes for fair and honest prices, and we handle all the details for you. Our team can close on your property within just 7 days, and we’re always ready to buy your house outright without any costs or fees.
In conclusion, while iBuyers can be a tempting option for those who need to sell their home quickly, they come with many drawbacks that can result in a significant loss of money. On the other hand, working with a professional home buyer like Go To House Buyer can help you sell your home quickly and cost-effectively. Our team provides personalized service and a fair offer, ensuring that you get the best value for your property. Before making a decision on how to sell your house, be sure to consider all of your options and weigh the pros and cons.