When selling your house, whether you simply want to avoid the inconveniences of a real estate agent or are in a pressing situation and require an urgent sale, iBuyers may appear to be a very favorable option. They promise convenience; however, this is usually a plot to conceal many dark underlying truths. If you need a truly convenient sale, consider selling to FastPath Home Buyers. We Buy Houses in Apple Valley MN, and its surrounding areas. “As-Is” (In any condition). Contact us Today!
What are the real problems with iBuyers?
On the surface, this method of selling your home offers a streamlined and rapid sale. But there are many things iBuyers will neglect to tell you. There are usually additional costs that may be hidden, and which could run into the thousands. In addition, iBuyers simply don’t know your market, so their offers are usually lower than those given by your local home buyers. This all makes it extremely important to make yourself fully aware of the true costs behind selling your Apple Valley house to an iBuyer.
Note: If you have no intention of selling you house in Apple Valley through a real estate agent, but have also seen that iBuyers may not be a good option for you, try reaching out to us here at FastPath Home Buyers. Here at FastPath, we buy house within Minneapolis, and through out the Minnesota area. Fast! We pay cash and accept homes “as-is”. Reach out to us today by calling (612) 351-2384, or by filling out the short form at the bottom of the page, and we will get back to you with a fair all cash offer within the hour!
Fast ~ Easy~ 100% Free
Unscrupulous iBuyers that offer tempting prices to local home sellers usually add contingencies to their contract, as part of their normal practice. This naturally works in their favor, because the contingencies set usually make the seller responsible for any repairs the iBuyer may determine necessary.
What these determinations include or may be limited to, is typically not expanded on in any detail within the contract. This is left to the iBuyers discretion, which could put any home seller within Apple Valley in a tricky situation.
iBuyers are also rather picky about the properties they purchase. They have devised this system to alleviate the costs of repairs by placing these expenses firmly on your shoulders. Often iBuyers require sellers to accept the offer prior to revealing the true costs of these demands. In many cases, it lowers the actual offer significantly. Likewise, many of the fees you’re responsible for are well hidden, when selling your Apple Valley house to an iBuyer.
While initially dangling the carrot of , “we will buy your house extremely quickly”, it is quite possible that the very contract sellers sign ( even if they sign it in a few days) could take them months before they actually get any money in your hands. This is usually the case because iBuyers contracts are laced with contingencies. For example: they require a seller to complete repairs before the buyer transfers any money. In most cases, the iBuyer is fully aware that these contingencies will lead to delays in closing.
These advantages for the iBuyer are skillfully hidden in between the lines. These buyers don’t care about the damage they leave behind in your personal and financial life. If you do decide to sell to an iBuyer, be sure to do your detective work prior to signing on the dotted line.
Depending on the circumstances behind which you’ve decided to sell your property, you could find your resources dwindling fast. If the driving force behind your move is due to job loss, divorce, foreclosure, or any other strenuous situation, you may be required to relocate prior to your closing date. If this happens, you may find yourself holding two properties. This will likely mean that you will be scrambling to cover expenses until the terms of your contract are satisfied. Many budgets are unable to carry such a load. Consider this when exploring the true costs of selling your Apple Valley house to an iBuyer.
In addition to many other expenses (while they may be referred to as fees) uninformed sellers may find themselves paying extremely high commissions. iBuyers will typically rationalize this by saying that they offer “convenience”.
iBuyers also include other costs sellers don’t normally pay in traditional real estate. Coming to the realization that you’ve made an enormous financial blunder in working with an iBuyer can be an unpleasant and devastating experience. When making the decision to sell your house, you’ll thank yourself in the long run for taking the time to understand everything there is to know about iBuyers. Go the extra mile and educate yourself about the games iBuyers could be playing.
FastPath Home Buyers
FastPath Home Buyers is happy to answer any questions you may have about the true costs of selling your Apple Valley house to an iBuyer, which are incredibly high. iBuyer’s hidden fees, high commissions, and stipulated repair costs can all eat away at your bottom line. They lack any concern over how you’ll come up with these extra funds, not to mention the holding costs while you wait.
For most iBuyers, their motivation is often profit. They’re removed from any sense of responsibility for the problems you may face or how you may be pressed for time. If your smart enough to see through them, they will just move on to the next unwitting seller. At FastPath Home Buyers, we care about our entire community because we’re a part of it too. There is another option to sell your home quickly, with a definite closing date and firm offer. FastPath Home Buyers helps sellers meet their specific needs, with both their immediate and future goals as our top priority. We take the time to listen because our focus is on helping individuals. Just send us a message or call (612) 351-2384 today and let us help you.