iBuyers are becoming an increasingly popular alternative to listing with a Miami real estate agent, especially for homeowners who want to sell fast. Not only can it be a convenient way to sell, but homeowners can also avoid the traditional struggles associated with an agent listing.
However, there are still a number of things you should be aware of before selling your house to an iBuyer in Miami.
The Truth About iBuyers in Florida!
When you work with an iBuyer, they generally don’t care about you or your situation. You are just a number and if you decline their offer, that won’t phase them. They’ll simply move on to the next person. As such, you can probably guess that the process is the definition of “impersonal.” An iBuyer’s main concern is how much profit they will make.
This means you probably won’t achieve the price you’re after.
Anyone looking for support, guidance, and a buyer who is generally interested in helping you solve your selling dilemma should turn to a professional buyer such as our team at Sunshine State Buyers. We will actively learn about your situation and your property, providing you with all the information you need to make the best decision for you and your family.
Give us a call at (305) 916-3328. We’d love to have a quick chat and explain how our process works. There is never any obligation or hassle to sell to us.
Less Room To Negotiate
As mentioned above, if you decline an offer, the iBuyer will simply move on to the next potential seller. Most iBuyers won’t care about negotiating with you, even if you have valid data to back up your claims.
On the other hand, if you choose to work with a Miami real estate agent or professional home buyer, you’ll often find them open to discussing what your property is really worth.
Of course, working with an iBuyer is convenient and fast, but it comes at a cost. A quick sale with an iBuyer means offering them a considerable discount to ensure the deal is profitable for them. According to some studies, homeowners will receive about 11% less on average when selling their house to an iBuyer.
And this doesn’t factor in the commissions and other fees that many iBuyers tend to charge. Luckily this is not the case when you work with a professional local home buyer like our team at Sunshine State Buyers. While you may be offered less than market value, we pride ourselves on guaranteeing that you won’t be liable for any additional costs.
That’s right! No commission fees, admin fees, agent fees, marketing costs, maintenance costs, repairs, or even cleaning expenses. We will handle everything quickly and efficiently. Our process is stress-free and straightforward.
Most homeowners know that working with a Miami real estate agent will cost about 6% in agent commission fees. But did you know that working with an iBuyer could cost you another 11.5% in fees?!
While not all iBuyers charge this much, many of the larger ones do. Do the math and calculate what that could cost you on your property. Is the added convenience really worth selling at such a low price?
In many cases, if a homeowner needs to sell a house fast in Miami, working with a local and professional home buyer will be a far better option. At Sunshine State Buyers, we always pay fair prices, and we will never charge you a dime in commissions or fees.
In addition to the service fee agreed upfront, many iBuyers will throw in even more hidden fees, thus leaving you with even less money. If you decide to work with an iBuyer, keep your wits about you as there are often other hidden costs and expenses to consider. Some will charge administrative costs or make you pay HALF of the closing costs.
We’re happy to tell you that this will certainly NOT be the case if you work with us. We will take care of all the costs, ensuring that you move on from your property without being tied down by unnecessary and often ludicrously expensive selling costs!
When it comes down to it, you could lose out on thousands of dollars by working with an iBuyer! Money that you would have otherwise made by working with a Miami real estate agent or professional home buyer.