An iBuyer (instant buyer) is a real estate investor or company that uses the most current technology and algorithms to purchase and resell homes as quickly as possible. Although it may appear that they are offering you certain conveniences when selling your home, they may be concealing an unfavorable truth. On the surface, this is an internet-based buying method that offers homeowners a quick, streamlined sale.
But, unbeknownst to the seller, there may be thousands of dollars in costs and hidden fees that you are not openly made aware of. At Homeinc, we understand that you may need to sell your home and that you have other options besides a cash-for-homes company such as ours. But unlike these other companies, we offer certain advantages that house flippers, iBuyers, and realtors cannot offer.
The Disadvantages of Working with iBuyers
As we mentioned above, iBuyers use computer algorithms to make “sight unseen” offers to their prospective clients. If you let them know you are interested in their offer, they may eventually look at your home. However, during their “inspection”, that sight-unseen offer will come down. Furthermore, it’s not unusual for them to ask you to make allowances for any clean-up, updates and repairs. When it comes to closing, you will most likely be surprised by high closing costs and hidden fees that were never mentioned before.
In addition to these surprise expenses, iBuyers charge a higher commission than the average real estate agent or broker, although they will often refer to this as some type of fee. iBuyers will also include costs that the traditional realtor typically will not. When you realize that you’ve made a huge financial mistake by working with an iBuyer, it can be a devastatingly unpleasant experience. If an iBuyer has made you a sight-unseen offer that we spoke of earlier, you may want to reach out to Homeinc.
Why Should You Work With Homeinc When Selling Your Florida Home?
When you work with Homeinc, you will receive a competitive cash offer. Homeinc will honor that offer and not surprise you with any hidden closing costs or fees. Homeinc takes care of all closing costs and commissions. In addition, you will not be required to make any costly updates or repairs. We will purchase your house in as-is condition. Homeinc will close on the agreed upon date or will work closely with you to ensure that your timeline needs are being met.
Most importantly, you will be working with a team of experienced professionals that have a combined 85 years in the home buying industry. To learn more, call or text the team at Homeinc today: (888) 850-2636.