Perhaps you’ve seen that companies like OpenDoor and Zillow are offering to buy housesonline now? iBuyers are a relatively new option when it comes to selling your property. They provide a quick option if you need to sell as soon as possible, but they are not the only option. There are still traditional local home buyers in Killeen, Texas that are financed and able to purchase your home. How does the iBuyer compare to a local Home Buyer in Killeen?
iBuyers are companies that buy and sell real estate through technologies. They felt the need to simplify and streamline the real estate transaction process, basically eliminating the real estate licensee. The iBuyers provide a platform to buy directly from homeowners and sell to buyers directly. These companies are looking for properties in very good condition with very minimal or no repairs to make. If the property does need repair, they will often offer less for the house, or require the seller to make the repairs themselves before closing. iBuyers are focused on higher volume and less profit per unit. As of right now, iBuyers are not active in all areas; they tend to focus on very active areas with property values around $250,000.
Selling Your Property Through An iBuyer
As a property owner, you need to know how an iBuyer compares to a local home buyer in Killeen, [markey_city] when you decide it’s time to sell your property.
Through an iBuyers platform, property owners can request an offer from the company. The owner fills out information about the property and will disclose any known issues or recent upgrades. If the property meets the company’s initial criteria, the platform then runs an evaluation on the subject property. The iBuyer will typically provide a cash offer within 24 – 48 hours of the request. After the owner accepts the offer, the iBuyer will usually send out an inspector to verify the status of the property. If any repairs need to be made, they will either request the seller to fix them or deduct the repair cost from the offer.
This is important to note, as ibuyers will almost always offer high and then expect you to lower your price for repairs!
Selling Your Property To Liberty Home Buyers
In some ways our process is similar to an ibuyer. We collect the info that you share with us and then reach out to find out about your unique situation. We use a trusted local agent to help us determine pricing (no Zestimates!) and share as much information with you as you would like.
However, unlike an ibuyer we won’t give you an “offer” over the phone only to come back with a way lower number down the line. In fact, we almost never make a formal offer until we have seen your property, talked to you and determined the best course of action. Also, unlike an ibuyer, we have other options besides a cash offer if things work better and can get you more money. We can take over loans, buy from you with financing, help with moving costs and lots of other things.