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Are You Minimizing Your Profits by Using an iBuyer?
If you’re looking to sell your home quick you might have looked into an iBuyer, or have had it suggested to you. Selling a home is not on the top of everyones list of favorite things to do, so we get why it can be tempting to use an iBuyer. Before you get swept away with the shiny aspects of the process that are being advertised, here are some details to consider.
What is an iBuyer?
An iBuyer is a real estate investor who buys your home for cash based on automated specs and data from other comparable homes in your area. Often these offers are made without them ever even seeing your home. We mentioned the pros and cons of a specific iBuyer (OpenDoor) you can see here.
iBuyer Sounds Great, What’s the Catch?
The iBuyer process sound great right? Yes, your house sells quickly and cash is in your pocket just as fast. But just how much cash? Using the whole iBuyer method comes at a cost.
Plain and simple the people behind any iBuyer company is an investor. They are investing their money for your home. Making sure they are financially protected when purchasing your home is top on their list. Therefore you are not going to make as much on your home as you would with placing it for sale with a realtor.
Good Reasons to Use an iBuyer
While a quick sale for cash is not always the best option when selling a home, there are some circumstances that make the cut, like these scenarios.
Getting a Divorce
Unfortunately life happens, and when couples go through a divorce, they want to cut ties as quickly and seamlessly as possible. This is a quick way to sell, split the assets, and move on.
Relocating for Work
Sometimes when a new job offer is given it means relocating. Selling a house can seem like a hassle when you’re trying to pack, move, and start a new job. Selling to an iBuyer gives you the option to quickly sell and move on.
Inherited a Home
While it was kind for someone to leave you their home, you may have no intentions on living in it… or being a landlord. A quick cash sell just might be right in this scenario.
Connect With a Realtor Too
There are some circumstances where using an iBuyer is an okay option and works out for the seller. However, regardless of your situation, if you are considering going this route we highly recommend you connect with a realtor first to discuss other options. A realtor knows the market, and will help you take a look at the pros and cons of both options. You just might be surprised, an awesome realtor can help you get your house on the market and sold quickly too, and with more benefits to you.
The Erica Diaz Team Wants to Help You Sell Your Home Quickly
If you are considering using an iBuyer in Central Florida, call the Erica Diaz Team today! Erica and her team know the market and can assist you in selling your home quickly with more benefits to you than settling for the iBuyer option.
