Are you better off selling to an iBuyer? The answer depends on your circumstances.
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First, let’s review what an iBuyer is. An iBuyer is a company or investor who can make a cash offer for your home and close quickly with little hassle. You can pick the closing date, when you want to move out, and not have to worry about making any repairs to your home or staging it for the market. The downside to this convenience, though, is that you end up selling at a discounted price.
There is no “right” or “wrong” answer as to whether you should sell to an iBuyer, so let’s look at the specific details of selling this way versus selling with a Realtor such as myself.
Essentially, it’s the same thing as selling with a wholesaler versus selling with a retailer. In this case, the iBuyer is the wholesaler: They make their offer price appealing up front, but when you factor in the associated costs of selling, you don’t net as much as you think you will.
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Essentially, it’s the same difference as selling with a wholesaler versus selling with a retailer.
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Essentially, it’s the same difference as selling with a wholesaler versus selling with a retailer.
Selling to a retailer means you’ll have to go through the extra steps of preparing your home for the market, but their job is to get you the most money possible, so your chances of earning greater net proceeds are much higher.
This is why it makes more sense for most people so sell the traditional route—with a Realtor. There are certain circumstances when it makes more sense to sell to an iBuyer, though. If you’re in a situation where you need a significant influx of fast cash, iBuyers are a good option. Also, keep in mind that there are plenty of iBuyers out there to choose from, and I’d be happy to help you pick one if you do decide to go this route. There will never be a lack of investors willing to buy your property quickly and at a discount.
Remember, the Hauer Home Team is here to serve you and the people you care about, so if you have any more questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.
