No matter why you might be considering selling to an iBuyer, the conveniences that iBuyers may seem to offer may be far outweighed by the negatives lurking below the surface. iBuyers work on a large scale basis and sellers often find that questions and concerns go unanswered because the company just doesn’t care. A professional homebuyer is part of the community and dedicated to helping the people of Detroit. Professional buyers like Detroit Fair Offer take the time to listen because our focus is helping individuals. Here are some reasons why it is better to work with a professional homebuyer in Detroit and why you should avoid iBuyers altogether.
iBuyers are not local, being unfamiliar with Detroit means they don’t offer as much as professional buyers will for your house. iBuyers method of buying appears to offer a streamlined and rapid sale yet many of the fees you’re responsible for are well hidden, such as paying closing costs. iBuyer’s hidden fees and high commissions can all eat away at your bottom line. Professional homebuyers like Detroit Fair Offer offer fair prices, taking the time to fully explain our process. A professional cash homebuyer like Detroit Fair Offer doesn’t charge sellers other costs to sell your home. Because the offer when you sign the sales agreement will be the actual amount you’ll receive at closing, it is more beneficial to work with a professional cash buyer in Detroit vs. an iBuyer. Detroit Fair Offer helps sellers meet their specific needs, with both their immediate and future goals as our top priority.
iBuyers sometimes add a contingency making the seller responsible for any repairs they deem necessary. Often iBuyers require sellers to accept the offer prior to revealing the costs that could be involved which often lowers the actual offer significantly. iBuyers devised this system to avoid taking on the costs of these repairs, lacking any concern over how you’ll come up with these extra funds before closing.
Professional buyers like Detroit Fair Offer will purchase the house as-is, making it preferable to work with a professional homebuyer in Detroit vs. an iBuyer. With our experience we understand all the risks involved in buying a home as is, we also understand the relief this can offer to an already strained homeowner. With no repairs needed, you can avoid paying for expensive repairs before you ever realize a penny of profit.
iBuyers motivation is profit, they’re removed from any sense of responsibility for the problems you may face or how much time passes, they can just move on to the next unwitting seller. While initially dangling the carrot of extremely quick closings, it is quite possible the very contract sellers sign is laced with contingencies, requiring repairs which the iBuyer is fully aware will lead to delays in closing. For those forced to relocate prior to closing, holding two properties means double the bills, in addition to covering the repair bills, until the terms of your contract are satisfied.
Professional homebuyers usually close within 30 days or less. Depending on the circumstances under which you’ve decided to sell your property, your resources may be dwindling fast. At Detroit Fair Offer, our quick process means you can leave all of your worries behind, making it better to work with a professional home buyer in Detroit vs. an iBuyer.
You’ll thank yourself in the long run for taking the time to understand the huge difference between iBuyers and professional buyers like Detroit Fair Offer. Our goal at Detroit Fair Offer is to help you solve your problems, which is the best reason to work with a professional real estate property buyer in Detroit instead of an iBuyer.