Are you thinking about selling to an iBuyer in Kansas City? They have not quite found their way to Kansas City, but they are coming. Learn why the process can be risky and what alternatives you have instead in our latest post!
The rise of iBuyers is having a dramatic effect on the real estate market. While the convenience can be appealing, there are ways to sell that are just as easy, without costing you a fortune in costs or fees. Keep reading to learn more about iBuyers and the risks they pose to home sellers in Kansas City!
Less Personal
When you work with an iBuyer to sell your house in Kansas City, the process won’t be nearly as personal as working with a local agent or a local home buyer such as kcmoHomeBuyer. An iBuyer isn’t going to take the time to get to know you and your personal situation. iBuyers will typically throw out an offer and move onto the next house. In many cases, you are just a number to them!
Low Offers
An iBuyer is not going to take the time to learn about all of the property’s benefits. Instead, they use automated software to determine the value of your home. While computers can do this pretty well, they will often miss out on things that affect your home value. iBuyers will often make blanket offers to homeowners in a specific region. While the price might work for some people, it may not work for you. It can be much more beneficial to work with someone with their feet on the ground as opposed to relying on what a computer has to say about your property. Don’t commit to an iBuyer for your house in Kansas City until you explore all of your selling options. Run the numbers by getting a no-obligation offer from our team today! We will make you an offer, plus we can help you understand what to expect if you should go with an agent. Our goal is to provide you with the information you need so you can make the best decision about how to sell your house in Kansas City!
Want Pretty Houses
Most iBuyers are looking for a house that is move-in ready or needs very little to get it ready to sell. Much beyond a good cleaning and a bit of paint and carpet and they will pass. That’s where we come in. While we love to buy perfect houses too, we’re not afraid of a little work or even a lot of work.
Not Local
From knowing the neighborhood to understanding what is possible with the property, iBuyers just aren’t going to get it. iBuyers typically buy houses nationwide, making it nearly impossible for them to understand every nuance of your local real estate market. As local home buyers, we understand the local market better than anyone. We will always pay you a fair price, closing on the day that is best for you. When you work with an iBuyer, you will be on their schedule, possibly even asked to clean up before you go. As kcmoHomeBuyer, we make things as simple as possible for you, even handling all of the clean-up.
Less Wiggle Room
When you work with a professional buyer of a Kansas City real estate agent, you will have some wiggle room when it comes to the negotiations. You will usually be able to strike a deal when working with somebody more local. With iBuyers, they make you an offer and that’s it. There is no going back to the drawing board. If you want to negotiate, the iBuyer is likely just going to move on to the next property seller. At kcmoHomeBuyer, we want to work with you to find the price that makes the most sense. We aren’t trying to buy your house at the lowest price possible, rather we want to work with Kansas City homeowners one on one to find the offer price that makes the most sense! We want to help you reach all of your selling goals!
High Fees
Working with an agent will typically cost you around 6% in commissions. Working with an iBuyer can cost anywhere from 7.5-11.5% of the sale price! So let’s say you sell to an iBuyer for $200k. You could lose out on $23,000 in fees and costs! That is a fortune! Plus your offer will likely be much lower than what you would receive on the open market. If you want to avoid ALL agent fees and commissions, selling to a private, professional buyer is the way to go! Working with kcmoHomeBuyer will ensure you receive a fair price without any of the red tape or fees.
We’ve been studying reports across the country and it seems their pricing tiers go something like to get the absolute highest price on your house, list it with a Realtor, but it’s going to take some time. Next is the Real Estate Investor, Local House buyers like us. We pay a fair price based on the condition and how quickly we are able to close. Then there are iBuyers with the lowest price or if their price is similar to the real estate investor, they tack on the extra fees so, in the end, you are getting the least amount for your house, if they even will buy it.
What To Do Instead
Selling to an iBuyer can be risky. Many people see it as a fast solution for an old or run-down property, which it can be, but it comes with a cost. While the process may be fast, you will likely receive much less when all is said and done. Working with a professional and local homebuyer will likely put more cash in your pocket while saving you time. We understand the local real estate market and what is possible with houses in this area. We will always pay you a fair price, customized to your personal property!
Get in touch with us today to learn more about selling to an iBuyer in Kansas City!
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“Closed on my Schedule”
I loved working with Scott and the team at kcmoHomeBuyer. I was downsizing my house and moving to something smaller. Timing was everything and since I am not handy doing all the little things the realtor wanted me to do was not going to happen. They made an acceptable offer for my house, even took the stuff that I could not move to my new place and closed on my schedule so the timing worked out.
~ Savanah A from Gravois Mills, MO