We Buy Houses In Glendale, Missouri. As local homebuyers in Missouri, we often asked this question from home sellers “what is an iBuyer?” In this post, we shed some light on the subject to help you determine if you should work with one or not! There are many things to be aware of and we want to make sure you have all of the information you need!
iBuyers are the latest trend in the real estate world. While their services allow you to quickly sell your property, you may end up receiving far less than had you sold in a different manner. Once you factor in all of their fees, the amount of cash for houses in Glendale you receive will be even less. Below, we offer answers to some of the most frequently asked questions we hear from homeowners who want to sell a house fast in Glendale, MO and are curious if they should use an iBuyer, sell directly to a professional home buyer, or put their home on the MLS with a Glendale, MO real estate agent! Keep reading to determine which selling option will work best for you and your unwanted property in Glendale, MO, and the surrounding areas!
What Is An iBuyer In Glendale, MO?
An iBuyer is a company that purchases properties sight unseen, often for much less than retail. There are many major companies getting involved with iBuying, which is quickly changing how homes are bought and sold. iBuyers utilize technology to make you an offer for your house in Glendale, MO almost instantly. After all, the “i” in iBuyer stands for an instant. They can simplify the home selling process which is very appealing for people who need to sell a property in Missouri fast. However, working with an iBuyer can come with some serious drawbacks. You will likely receive much less for your real estate, not to mention all of the costs and fees. In most cases, some home sellers will miss out on thousands of dollars which usually isn’t worth it. Working with an agent or a professional home buyer such as Chris Buys Homes in St. Louis will help you to save time and money on the home selling process.
How Are Their Offers Determined In Missouri?
Typically, when working with an iBuyer offers made are pretty general. Of course, some property attributes will be calculated into the offer, but otherwise, the offer is often based on geography and the size of your home. Agents and property buyers use what is called a comparative market analysis which incorporates the data of recently sold homes in your area to determine what your house is currently worth. iBuyers use what is called an automated valuation model, or AVM, which is similar to a CMA, but it uses technology to evaluate the property as opposed to a real live person running the numbers. A lot can be missed using this process and home sellers aren’t typically able to negotiate with iBuyers. In many cases, the iBuyers offer is simply to take it or leave it.
Does Their Process Work In Glendale?
The process is pretty simple, but keep in mind that you get what you pay for. First, you submit the details of your property. The computer will run a few numbers, quickly spitting out an offer for you. It can be difficult for a computer to accurately calculate all of the attributes of your home, leaving you with a standard price that will be used for many properties in your area. The process can work for some home sellers in Glendale, MO, however, working with an agent or a professional buyer will likely get you more cash for your house.
What Do They Charge In Glendale, Missouri?
The costs of working with an iBuyer can be pretty hefty! According to Marketwatch, an iBuyer will charge up to 11.5% in commissions and fees. That is just about double what an average agent will charge you in commissions, plus your offer will typically be much lower than what you would be able to get on the MLS. If you need to sell your home fast, for a great price, without any cost whatsoever, Chris Buys Homes in St. Louis will purchase your property outright.
Sell My House In Glendale, MO
But how is Chris Buys Homes in St. Louis so different?
At Chris Buys Homes in St. Louis, we work with local Glendale, MO home sellers, helping them to reach all of their selling goals. We purchase homes directly, always for fair and honest prices. We handle all of the details and will close on the property at your convenience, we are typically ready to go in only about 7 days. When you work with our team of professional Missouri home buyers, you won’t have to worry about expensive fees or hidden charges. Our process is fast, simple, and will help you with any unwanted property in the Glendale, MO area. Don’t agree to sell your house in St. Louis to an iBuyer until you learn more about the services we can offer you!