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Zillow Offers is Charging 7.5% Commission?? Honesty in Real Estate?
Honesty in Real Estate.Stop unfair, deceptive, and abusive iBuying tactics.
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Study: It Costs Sellers More to Work With iBuyers Share Facebook Twitter LinkedIn Print August 9, 2019 Home sellers who choose to sell directly to an iBuyer often end up paying higher fees than if they sold the traditional way with a real estate agent, according to a new study by Collateral Analytics, a real estate analytics firm.
iBuyers provide instant cash offers and quick closings, perks that are hard for sellers to ignore. Transactions involving iBuyers have been growing at a clip of more than 25% annually in recent years. But how profitable is it for sellers who choose this expedited route to a sale? The answer hasn't been clear since iBuyers first surfaced in 2014 with the launch of Opendoor.
‘You Can’t Afford to Ignore iBuyers’
Collateral Analytics, in a white paper, looks to quantify the costs to sellers of working with iBuyers versus taking the traditional route of working with a real estate professional. Researchers estimate that sellers end up paying between 13% to 15% more when working with iBuyers. The percentage reflects differences in traditional real estate agency fees, as well as an ... more
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