IBuyer V.S. We Buy HousesThere are some new players in the Real Estate market that suggest they have an easier way to sell your home. These are companies like Knock, Offerpad and Opendoor and a few others. But is it really easier? And what's the difference to a "We Buy Houses" Company? Before we get into the differences between the two, we would like you to know that if you need to sell a house anywhere in the Atlanta area - please don't hesitate to give us a call at 770-756-8680 for a free, no obligation on your home or visit our site here to complete a brief form and we will contact you shortly. You can also learn more about how We Buy Houses in this post.
Now on to who and what these IBuyer companies do: Algorithm Powered Home FlippersBefore we get into any of the differences in the two, here is a quick run down on how most of these IBuyer companies work from an article written by Joshua Fraser:
So IBuyers do work a lot like real estate investors, EXCEPT with all most all investors there is no 7-10% fee charged. Now also depending on where your home is located in Atlanta, investors will offer 70-75% of the properties ARV, or After Repair Value. So in all actuality, so far the two different ways of selling a home appear to be pretty close to the same. RepairsBut what about repairs? This is where there is a difference in IBuyers And We Buy Houses companies. With investors they will typically buy the house in "as is" condition and deduct the costs of repairs from their offer. So how about IBuyers? Here is a little snippet from an article written by John Wake:
So they might want repairs to be made to the house before they purchase it, and might charge you more. We would suggest that what ever repairs they say need to be made that you also receive a quote from a professional contractor as well to make sure their prices are in line. If you can get them done cheaper yourself, that might be the route to take, but it will take some time for your contractor to complete. Remember with most real estate investors, like us, you can sell your house in "as-is" condition. What Are Other People Saying?So what do some people think about this fairly new way of selling a home? Here is an excellent example just written and released by Andrea Riquier about the Ano family experience in Acworth GA:
We highly encourage you to read Andrea's full article. It has a lot of good data in it about how the entire process works as well as market data. Is It Right For You?First of all no two real estate transactions are the same, nor are the sellers motivation or need to sell. We would suggest that you look at all of your options. Check out an IBuyer company, a "we buy houses" company ( like us :) ) and even a real estate agent. Anyone that you contact should make you a free offer. If they want to charge you - move on to someone else. What and who will work best for you is going to depend on your individual situation and circumstances. Remember, in the end you have the final say on who and how you choose to sell your house. The previous Blog Post The Difference Between IBuyers And We Buy Houses Companies was originally published to MandichPropertyGroup.com. Discover more at: Mandich Property Group In GA via Blogger The Difference Between IBuyers And We Buy Houses Companies
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