Are you thinking about selling to an iBuyer in Phoenix? Learn why the process can be risky and what alternatives you could choose instead in our latest post!
The rise of iBuyers is having a dramatic effect on the real estate market. While the convenience can be appealing, there are ways to sell that are just as easy, without costing you a fortune in costs or fees. Keep reading to learn more about iBuyers and the risks they pose to home sellers in Phoenix!
When you choose an iBuyer to sell your house in Phoenix, the process won’t be nearly as personal as working with a local agent or a local home buyer such as Valley Home Buyer. An iBuyer isn’t going to take the time to get to know you and your personal situation, and they may not be able to make special arrangements to fit your needs like other buyers. iBuyers will typically throw out an offer and move onto the next house. In many cases, you are just a number to them!
An iBuyer is not going to take the time to learn about all of the property’s benefits. Instead, they use automated software to determine the value of your home. While computers can do this pretty well, they will often miss out on things that affect your home value. iBuyers will often make blanket offers to homeowners in a specific region, not accounting for what makes your property unique or special. While the price might work for some people, it may not work for you. It can be much more beneficial to work with someone with their feet on the ground as opposed to relying on what a computer has to say about your property. Don’t commit to an iBuyer for your house in Phoenix until you explore all of your selling options. Run the numbers by getting a no-obligation offer from our team today! We will make you an offer, plus we can help you understand what to expect if you should go with an agent. Our goal is to provide you with the information you need to you can make the best decision about how to sell your house in Phoenix!
From knowing the neighborhood to understanding what is possible with the property, iBuyers just aren’t going to get it. iBuyers typically buy houses nationwide using an algorithm, making it nearly impossible for them to understand every nuance of your local real estate market. As local home buyers, we understand the local market better than anyone. We will always pay you a fair price, closing on the day that is best for you. When you work with an iBuyer, you will be on their schedule, possibly even asked to clean up or repair the property before you go. As Valley Home Buyer, we make things as simple as possible for you, even handling all of the clean-up.
Less Wiggle Room
When you work with a professional buyer or a Phoenix real estate agent, you will have some wiggle room when it comes to the negotiations. You will usually be able to strike a deal when working with somebody more local. With iBuyers, they make you an offer and that’s it. There is no going back to the drawing board as they have certain requirements to meet. If you want to negotiate, the iBuyer is likely just going to move onto the next property seller. At Valley Home Buyer, we want to work with you to find the price that makes the most sense. We aren’t trying to buy your house at the lowest price possible, rather we want to work with Phoenix homeowners one on one to find the offer price that makes the most sense! We want to help you reach all of your selling goals!
Working with an agent could typically cost you around 5-6% in commissions. Working with an iBuyer can cost you anywhere from 7.5-11.5% of the sale price! So let’s say you sell to an iBuyer for $200k. You could lose out on $23,000 in fees and costs! That is a fortune! Plus your offer will likely be much lower than what you would receive on the open market. If you want to avoid ALL agent fees and commissions, selling to a private, professional buyer is the way to go! Working with Valley Home Buyer will ensure you receive a fair price without any of the red-tape or fees.
What To Do Instead
Selling to an iBuyer can be risky. Many people see it as a fast solution for an old or run-down property, which it can be, but it comes with a cost. While the process may be fast, you will likely receive much less when all is said and done. Working with a professional and local home buyer will likely put more cash in your pocket while saving you time. Plus, we are able to work with your situation and needs. We understand the local real estate market and what is possible with houses in this area. We will always pay you a fair price, customized to your personal property!