Wednesday, November 24, 2021 / by John Salkowski
Here’s why you shouldn’t sell your home to an iBuyer company.
Looking to buy a home? Search all homes here.
It’s not in your best interest to use an iBuyer company to sell your house. The reason I wanted to cover this topic today is that recently, Zillow ended their home-buying program because they’ve been losing millions of dollars. That’s because iBuyer companies use outdated algorithms that gather data to find the price of a home. Some iBuyer companies include: Zillow Offers, Opendoor, Offerpad, RedfinNow, etc.
Most sellers think that iBuyer companies are saving them money, when in fact, they’re not. iBuyer companies charge five to six percent to purchase your property. They appeal to some sellers because they say they can close within seven to 90 days (or when you want to), there’s no preparation or work, no due diligence, and you don’t have to show your home multiple times. However, working with these companies leaves thousands of dollars on the table.
"iBuyer companies use outdated algorithms that gather data to find the price of a home."
I want you all to know that we at the JRS Realty Group offer the same things. We have several investors that are willing to pay top dollar for your home. To accurately choose a price for your home, one of our trained professionals will walk through it. Just going off of an algorithm or old data isn’t sufficient; you’ll lose money.
If you don’t want to go through the aggravation of listing your home, prepping it for sale, and having people trample through it, call us. I can come out and assess your property and put you in touch with one of our investors. It’s an easy and smooth process.
Before you reach out to an iBuyer company, please call or email us. If you have any questions about iBuyers or how we can help you, also feel free to reach out to us. There is never any cost or obligation to speak with us. We look forward to hearing from you.