Do you have a property that is not suitable for the traditional real estate market? Are you looking to sell as quickly as possible without handling an array of buyer contingencies?—aka, making all of the necessary repairs for appraisals and inspections.
You may be tempted to take a “quick cash” offer from an internet-based real estate company, typically known as an “i-Buyer,” if your home is in need of repairs but you’re in need of a quick exit. These online Buyers may make big, attractive promises for a speedy transaction, but sellers beware: this may not be the best situation for your bottom line.
So… what should you look out for if you’re considering selling to an online Buyer?
Sometimes these companies will charge exorbitant administrative fees to process your sale that you may not realize until you’re locked in. In other words, their promises may indeed be too good to be true.
The Legacy Group SC Real Estate can help you analyze any offer you receive from an online Buyer, ensuring that you fully understand all of the terms and conditions. Plus, we can make you aware of all the other options when it comes to marketing and selling your distressed property. For those interested in in-person cash offers, we have a list of ready, willing, and able cash prospects who may be able to help you for less fees and administrative costs than an online Buyer. We also have proven marketing strategies to draw quality buyers to your property. Our agents are here to help you feel confident that you are making the best decision for your personal circumstances and goals.
If you have a distressed property and are looking for the best solution, take a moment to contact us so we can help you find the best strategy for your situation. We’d love to help match you with an appealing cash buyer! Or perhaps you’re on the other end of this scenario, an investor or cash buyer looking for potential deals. We are here for you, too! We can bring clarity and help with your search for ideal sellers.
Every situation is different, but it never hurts to consult a real estate professional to assess your options.
Article by Rebecca Jenkins