No matter why you’re considering selling to an iBuyer, the conveniences that iBuyers may seem to offer may be far outweighed by the negatives lurking below the surface. iBuyers work on a large scale basis and sellers often find that questions and concerns go unanswered because the company just doesn’t care. Professional buyers are a part of the community and dedicated to helping the people of Fort Myers. Professional buyers like Core Real Estate Properties take the time to listen because our focus is helping individuals, Here are the five reasons why it is better to work with a professional home buyer in Fort Myers vs. an iBuyer.
Offers
While iBuyers advertise a hassle-free selling experience, their lack of local market knowledge can be a major drawback. Unlike professional buyers who are familiar with the nuances of Fort Myers‘s housing market, iBuyers rely on algorithms to value your home. This can lead to them undervaluing your property because the algorithm might not account for recent sales trends, unique features of your home, or the specific desirability of your neighborhood. Professional buyers, on the other hand, can leverage their local expertise to highlight these factors and get you a more competitive offer.
Furthermore, the seemingly streamlined process of selling to an iBuyer often comes at a hidden cost. Beyond the headline offer, iBuyers typically charge various fees that can eat significantly into your profits. These fees might include closing cost contributions, service charges, and commissions. In contrast, professional buyers can often negotiate a lower overall commission rate and may even be willing to cover some closing costs. By carefully considering these hidden fees, you can ensure you’re getting the most out of your home sale.
Professional buyers like Core Real Estate Properties offer fair prices, taking the time to fully explain our process. Professional buyers like Core Real Estate Properties don’t charge sellers other costs to sell your home. Because the offer when you sign the sales agreement will be the actual amount you’ll receive at closing, it is more beneficial to work with a professional home buyer in Fort Myers vs. an iBuyer. Core Real Estate Properties helps sellers meet their specific needs, with both their immediate and future goals as our top priority.
Repairs
iBuyers, companies that use algorithms to quickly buy homes, can introduce an extra layer of complexity into the selling process through repair contingencies. These contingencies essentially shift the responsibility for fixing any issues the iBuyer deems necessary onto the seller. This can be a major drawback for sellers, especially since iBuyers often require acceptance of the offer before revealing the estimated repair costs. This lack of transparency can significantly lower the actual amount a seller receives.
Imagine this scenario: you receive an offer from an iBuyer that seems convenient and fast. However, the offer is contingent on you making any repairs they identify during their inspection. The catch? You don’t know the extent or cost of these repairs until after you’ve accepted the offer. This can put you in a difficult position. By the time you learn the repairs might cost tens of thousands of dollars, you’re already locked into the sale. This tactic allows iBuyers to avoid the cost of renovations while potentially squeezing more money out of the deal by pressuring sellers into accepting a lower offer due to unexpected repair burdens.
Professional buyers like Core Real Estate Properties will purchase the house as-is, making it preferable to work with a professional home buyer in Fort Myers vs. an iBuyer. With our experience we understand all the risks involved in buying a home as is, we also understand the relief this can offer to an already strained homeowner. With no repairs needed, you can avoid paying for expensive repairs before you ever realize a penny of profit.
Holding Costs
iBuyers motivation is profit, they’re removed from any sense of responsibility for the problems you may face or how much time passes, they can just move on to the next unwitting seller. While initially dangling the carrot of extremely quick closings, it is quite possible the very contract sellers sign is laced with contingencies, requiring repairs which the iBuyer is fully aware will lead to delays in closing. For those forced to relocate prior to closing, holding two properties means double the bills, in addition to covering the repair bills, until the terms of your contract are satisfied.
Professional home buyers usually close within 30 days or less. Depending on the circumstances under which you’ve decided to sell your property, your resources may be dwindling fast. At Core Real Estate Properties, our quick process means you can leave all of your worries behind, making it better to work with a professional home buyer in Fort Myers vs. an iBuyer.
You’ll thank yourself in the long run for taking the time to understand the huge difference between iBuyers and professional buyers like Core Real Estate Properties. Our goal at Core Real Estate Properties is to help you solve your problems, which is the best reason to work with a professional home buyer in Fort Myers vs. an iBuyer. Find out for yourself by sending us a message or calling Core Real Estate Properties at 239-360-3176 today!