Here’s what homeowners should know before selling to iBuyers.
The term “iBuyer” stands for “instant buyer,” and they use data and algorithms to tell you what your home is worth and make a cash offer based on that figure. There are lots of them out there in the Charlotte area, so I just wanted to quickly take you through how these companies operate.
Let’s say you’re ready to sell your home for $300,000. You call up an iBuyer, tell them your price, and they’ll send you a contract with that exact price. They’ll get you to sign it, they’ll sign it, and then there’s some confusion about what takes place after that.
The iBuyer will come to your property, bring inspectors, and go through it with a fine-toothed comb. They’ll uncover anything and everything wrong with the home while also charging a 10% fee. By the time you get your final bill back, you’re only going to sell for $220,000 to $240,000, not the $300,000 you were promised.
We can help you in the same way that these iBuyers do, but better. We are working with families who are willing to pay your price for your home without pulling the wool over your eyes. We’d love to meet to show you what you could net at the closing table by choosing to sell with us over an iBuyer.
If you have questions for us about this topic or anything else related to real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.