No matter why you’re 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. Professional buyers are a part of the community and dedicated to helping the people of Martinsburg. Professional buyers like MDWVHomebuyer.com take the time to listen because our focus is helping individuals, Here are the five reasons why it is better to work with a professional home buyer in Martinsburg vs. an iBuyer.
Offers
We all know a home sale goes smoother when the seller and buyer are in agreement on everything from start to finish, but what if you have an iBuyer interested in your home offer?
An iBuyer is a company attempting to streamline the real estate transaction process. In theory, it sounds ideal because you agree to sell/purchase your home with an agreed-upon price and close within a short amount of time. The iBuyer doesn’t require you to hire a realtor or inspector which can save you money and hassle. However, that savings may not be worth it if the purchaser doesn’t treat your house like one they will keep for years to come; an iBuyer is only buying your house as a quick investment.
Sometimes iBuyers only purchase homes that are easily marketed, such as a brand new build or a vacant house in pristine condition. It can be hard to get an iBuyer interested if your home needs work, the property is older or any renovations you’ve done have worn away over time. If an iBuyer does choose to make a purchase offer, don’t assume they will pay top dollar for your property. They may try to lowball their offer and expect you to cover all closing costs for them on top of that. At MDWVHomebuyer.com we understand how important it is not to add extra fees on sellers that aren’t disclosed up front when selling a home so we offer a no-fee home sale to all of our clients.
Repairs
iBuyers may 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 MDWVHomebuyer.com will purchase the house as-is, making it preferable to work with a professional home buyer in Martinsburg 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.
Holding Costs
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 home buyers 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 MDWVHomebuyer.com, our quick process means you can leave all of your worries behind, making it better to work with a professional home buyer in Martinsburg 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 MDWVHomebuyer.com. Our goal at MDWVHomebuyer.com is to help you solve your problems, which is the best reason to work with a professional home buyer in Martinsburg vs. an iBuyer. Find out for yourself by sending us a message or calling MDWVHomebuyer.com at 304-758-3119 today!