Did you know that you can actually lose money when you use an iBuyer to sell your home? That’s right! Learn why you are leaving money on the table with an iBuyer and why you should sell your home the traditional way!
Homeowners Lose 13-15% Working with an iBuyer
Many homeowners assume selling their home will be time-consuming and a huge hassle. This makes using an iBuyer seem attractive because they offer:
- Fast closing
- Easy transaction
- No Pain
- Eliminating the need to show your home.
These are the features that the iBuyers use to market their services. It does sound attractive to many sellers. Before you jump on this bandwagon you need to read the fine print.
The Collateral Analytics and the Florida Association Realtor magazine have a word of caution about using an iBuyer. They warn that sellers should expect to leave a lot of money on the table when taking this route.
I have been in the real estate business for many years. It makes no sense to me why you would sell your home to a cash buyer at a discounted price when you can sell your home the correct way, quickly and with little hassle. Let’s not forget that you will make more money as well when you sell the traditional route.
Are you aware that homeowners lose 13-15 percent when working with an iBuyer? Let’s put that into perspective. Did you know that 15 percent of a $300,000 home is $45,000? That is a lot of money to leave on the table just for convenience. It is important to understand the offer price an iBuyer gives you is just one part of the process; transaction fees are the other. Instead, you can work one on one with an experienced Realtor who can help you price your home correctly. This puts a lot more money in your pocket.
When it comes time to sell your home, before you resort to using an iBuyer, give me a call. Let me give you my thoughts and help you sell your home quickly and for maximum profit.