Selling a home is an arduous process. If you pursue a standard listing, you’ll have to get in touch with a real estate agent, determine a listing price, clean the home, make repairs, organize your life around open houses and showings, negotiate with buyers, await home inspection results, and deal with numerous closing costs. The traditional home sale can take months to resolve, especially if there are financing delays or a lengthy price negotiation.
Alternatives to the traditional sale process exist for homeowners who want speedier real estate transactions. One of these alternative solutions is to sell your home to an iBuyer. However, when you compare an iBuyer to an investing firm like A-List Properties, there are far more benefits to working with our team.
Let’s look at what you should know before accepting an iBuyer offer:
What is an iBuyer?
An iBuyer is a company or individual that uses online technology to make immediate cash offers on houses for sale. Typically, these iBuyers rely on artificial intelligence to analyze numerous data points about a specific property, especially the fair market value of similar properties, to instantly come up with a fair cash offer for the seller.
This makes the home-selling process much easier for homeowners. They can avoid using a traditional real estate agent, receive an all-cash offer on their home much sooner, and face far less stress from trying to find buyers who will pay top dollar for their homes. Many people confuse iBuyers with home flippers, but most home flippers target distressed properties to buy low and sell high. Once the iBuyer has the house, they will make limited repairs and attempt to find a potential buyer.
What is the Process for an iBuyer Cash Offer?
Many iBuyer companies operate in similar ways. For this type of real estate transaction, it is essential to understand the steps to know if it is the right decision for your needs. Here is a general outline of your experience when selling to an iBuyer:
Request an Offer With No Real Estate Agents Involved
Once you choose a specific iBuyer service, you can then request an offer for your home, usually through an online form. Since an iBuyer’s offer can be calculated quickly using AI or machine learning, you will typically receive instant offers within a day or two.
This offer will likely have a timeline after which it will no longer be valid, so you will have a little time to decide if you want to pursue this home sale. If you choose to accept the offer, you will move on to the next step.
Home Assessment
Unlike a sale to A-List Properties, an iBuyer will assess the home’s condition and adjust the initial offer price. iBuyers generally make minor repairs to the house to prepare it for the next buyer, so they will likely apply deductions or credits to the agreed offer.
This means the net proceeds from the home’s purchase price will decrease depending on deductions for repair costs. Any necessary repairs will happen once the home sale is finalized and you move out.
Close the Deal
You set the home’s final price after applying the necessary deductions and credits for repairs. You can choose the best closing date for your needs but pay closing fees upfront. This will also diminish the net proceeds you can receive from the sale. iBuying services offer many homeowners a convenient way to sell.
The most likely beneficiaries are those who want fast home sales and are willing to pay a little less for the transactions.
Why A-List Properties is a Better Alternative to the Traditional Route
When selling your home, you can get cash quickly through iBuyer services. However, the iBuying process can still have some drawbacks, such as closing fees, repair deductions, and a slightly slower experience that could take a few weeks. Here are some key factors that make selling your home to A-List Properties a superior option:
No Real Estate Agent Fees or Closing Costs
Although selling to an iBuyer also allows you to avoid working with real estate agents, there are still other closing expenses that you must pay upfront to sell the house. These include transfer fees, title company expenses, and more. When you sell to our team at A-List Properties, we cover all closing costs. There is also no involvement from real estate agents, so you avoid paying those hefty commission fees.
Another differentiator between A-List Properties and iBuyers is that there is no service fee for selling to us. Most iBuyer firms charge a standard rate for their services, whereas accepting our no-obligation offer is free.
No Repair or Cleaning Deductions
An iBuyer may make minimal repairs, but each cost will be deducted from the agreed-upon price. They will wait to make these repairs after you move out and before they prepare the home for the open market. However, assessing the home adds delays, and you never know what repairs the iBuyer will request to deduct from their final offer.
The process is even more convenient when you sell quickly to A-List Properties. Once you accept the offer, our team does not need to assess your property further. Any needed repairs, even if extensive, will be completed once the transaction is done.
Owners who sell homes to us know that the offer they accept is the offer they will receive at closing.
We Buy Homes in Any Condition
This is another significant difference between our services and those of an iBuyer. iBuyers tend to purchase high-quality real estate to flip and sell on the local real estate market. These services will reject most distressed properties or those that need significant repairs. This means your home must be in decent condition to receive an offer from an iBuyer.
A-List Properties will buy a house in any condition. We will take it off your hands for a fair price if overwhelming repairs are needed and do the work ourselves. If you have unwanted possessions that you want to leave behind, you can do that, too.
Our business model provides solutions for homeowners facing difficult circumstances. Therefore, we will buy any property without service fees, realtor fees, or financing delays.
We Can Buy Faster Than Anyone Else in the Real Estate Market
iBuyer purchases can happen quickly. Their use of modern technologies allows them to make fast, electronic offers to sellers based on a wide range of data. Once an offer is accepted, these companies typically have funds ready to complete the purchase. However, the home assessment phase can hold up this expedited process.
As prospective buyers go, no one can move faster to buy your home than A-List Properties. We can provide an offer within a couple of days of your initial contact with us. Once you accept that offer, we can complete the deal in as little as seven days. We guarantee that it will not take longer than 14. This means you have a lower risk of paying two mortgages simultaneously since we can provide financing much faster.
Also, our ability to close the deal so soon gives us flexibility to work around a closing date of your choice, whether that day is in one week or two months.
Passion for Helping Local Property Owners
An iBuyer may be a large real estate company interested in many parts of the country. Even if its technology can understand the average home value in the local market, it must understand the people selling on the platform.
The A-List Properties team consists of your fellow community members in the Lone Star State. As a result, we care about our neighbors and want to help them find the best solution for selling their homes, even if that means recommending a traditional real estate process. The typical iBuyer stands only for their interest in quickly buying and selling real estate.
Request Your A-List Properties Offer Today
Working with iBuyers does have its benefits, but A-List Properties can offer a better alternative for a home purchase plan. Online companies are most interested in profiting when they turn around and sell your home, whereas our team cares more about meeting your needs. This is why we do not charge fees and offer fair home prices to our customers. We have a strong track record within the local community and have earned many clients’ trust.
Please provide your home address and property description to get an offer on your house. Call us at 972-526-7042 or use the cash offer form to receive your quote.
Zach Shelley
Zach Shelley is a seasoned real estate investor with a diverse network spanning across the nation. As the founder of his own real estate venture, Zach is committed to offering innovative solutions to homeowners facing various real estate challenges.. Through his dedication and strategic approach, Zach continues to make a significant impact in the real estate industry, providing homeowners with alternative pathways to navigate their property transactions.
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