Today’s society prize instant gratification, from takeout food delivery to streaming content instantly on demand, so many homeowners have turned to quick home selling methods as an instantaneous and convenient solution. While speed and convenience may appeal, it is crucially important that they be considered when considering long-term costs associated with these selling techniques.
One notable example is the rise of online homebuyers that claim they can provide cash offers in as little as 24 hours, known as iBuyers. These companies have become popular among home sellers who wish to avoid hiring an agent or listing their property publicly; however, an agent might still provide more money from your sale than any iBuyer can.
One of the major drawbacks to selling your house to an iBuyer is they may purchase it at a much lower price than you could on the open market. Because these companies specialize in flipping houses, they must buy homes at discounted rates so as to turn a profit and achieve profit – this discount could equate to thousands in lost equity over time.
Additionally, these companies will charge a service fee that could range between 7-14% of your sales price – this fee comes on top of any repair costs they might need to incur when inspecting or making repairs on your property. Unfortunately, these fees will eat into any potential profits, leaving less cash in your wallet come closing time.
Working with a real estate agent allows you to sidestep these hidden costs and obtain a comparative market analysis for your property, providing a clear picture of its true worth and what kind of profit can be expected from its sale.
Real estate agents also can provide essential negotiation support, which could save thousands in fees and have an immediate positive effect on your bottom line.
Cooperating with an experienced real estate agent is always the smarter choice, and JF Property Group can help ensure the highest results from your home sale! Contact us now and discover how we can work to maximize the potential of your sale!