If you’re thinking about selling, you might be considering using an iBuyer. Companies that provide the seller with a nearly instant purchase offer for their home as referred to as iBuyers.
iBuyers bring the certainty of a specific sale date and relieve you of making home improvements or opening your house to buyers. But when it comes to selling your home—often the largest investment most people ever make, is the convenience worth the cost?
Is the convenience worth the cost?
As with most financial decisions, it’s best to evaluate your options before selecting the path forward. That’s why I wanted to share with you a few things to remember when selling your home—no matter if it’s to an iBuyer or via the traditional sales process.
Know your home’s worth.
Know your home’s worth. iBuyers present an offer on your home based on an algorithm, but that might not consider some of the features that are more difficult to measure, such as the amount of natural sunlight or your views. Working with a professional like me, we can evaluate your property against current homes for sale, noting your house’s specific amenities, to get a more accurate market value. Once you understand your home’s true worth, you can fairly assess the iBuyer offer.
Consider your upfront costs.
Consider your upfront costs. Recent research by Collateral Analytics compared the fees associated with iBuyers and traditional real estate sales. They found the total cost of working with an iBuyer comes to 13-15% of the sales price, compared to 5-7% for a traditional sale.
Determine your goals.
Determine your goals. Do you need a quick transaction? Want a specific closing date? Or simply to maximize your profits? Once you establish your goals, I can help you achieve them. Depending on market conditions, a speedy sale could be secured on the open market. With my insights and support, we’ll put you on the path to success.
If you’re ready to sell your home, please contact me. I’m here to help you fully assess all your options and share with you my real estate expertise and local market knowledge.
I look forward to working with you!