If you are asking yourself whether you should work with an iBuyer in New Jersey, this article is for you. These days many people are considering this option as an alternative to the traditional sales route. At the moment, some of the biggest iBuyers have not yet entered the New Jersey market, but if they do, you can learn more about what they do and what to expect from the process in our latest post!
In many cities around the country, iBuyers are becoming an increasingly popular alternative to listing with a real estate agent. The main reasons why are convenience and peace of mind knowing the property has been sold at a much faster speed. While a fast sale can be beneficial, there are a number of things you should be aware of before selling your house to an iBuyer. Below, we offer 5 things you should know about potentially working with an iBuyer in New Jersey if they decide to arrive.
When you work with an iBuyer, you are working with a big corporation and therefore the level of customer service will naturally be different. At the end of the day, you’re just another house in the mix, so if the numbers don’t fit for them, they will simply move on to the next seller. In our experience as home buyers, many of our clients are dealing with unique selling situations and require a consultative approach because their needs can be very different. The service that we offer is not solely based on price (even though this is very important), but creating the best solution tailored for the homeowner in order to create the most stress-free closing experience.
2.) Less Tailored Deal Structures
As mentioned above, if you decline an offer, the iBuyer will simply move on to the next potential seller. The business model of iBuyers does not allow for custom deal structuring techniques that allow the seller to achieve a better profit or experience at the end of the transaction. Professional home buyers, unlike iBuyers, have the flexibility to present the best deal possible to the homeowner even for those sellers facing the most difficult home-selling situations.
3.) Hidden Fees
In addition to the service fees agreed to upfront, many iBuyers may tack on more fees, not including reductions for repairs items and renovations they find after their home inspection. Some may even charge administrative costs or make you pay half of the closing costs. Make sure you are careful to fully understand all of the fees and costs before you decide to work with an iBuyer.
When it comes down to it, working with an iBuyer can certainly be convenient, but it does come at a financial cost. We would love to help you determine which selling method is right for your property. Get in touch with us today via (908) 547-0404 or through our contact form. We will help you run the numbers so you can make the best decision about selling your house fast in New Jersey. When you work with our team, there is never any hassle or pressure to sell your New Jersey house to us. Learn about all of the selling options available to you before signing any contract!