Fees, fees, and more fees

By
Real Estate Agent with Atlanta Communities 303302

iBuyers. These are the big, well financed companies that come in and offer to buy out sellers and even move them to the next home. On the surface this sounds really good. Maybe too good?

The theory is that these companies can save a seller from the trials and tribulations of having buyers tromp through their home, open houses that inconvenience them, and dealing with crazy offers. I believe that their are some times when these business models mesh well with sellers. Perhaps for an estate sale when the owners don't want the hassle of dealing with the sale process, or maybe when the owners reside out of the area.

All of this comes with a cost though. Between fees the seller is required to pay, the repairs they are required to complete, and the sub-market prices offered to some sellers, this type sale can cost 9-10% in total fees.

As to saving the hassle of showings and open houses, homes have typically been selling rather quickly here in our market with only one open house. Most clients don't mind because all this activity typically leads to the fastest sale for the highest price.

So, when discussing the sale of your home to one of these iBuyers, make sure to ask about total costs for selling your home. Then call a trusted agent to review your options.

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

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Rainmaker
3,825,061
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Peter. I am glad you addressed this. I am always taken but the bunk in this.

Mar 27, 2019 06:04 AM #1
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Peter - got point.  If it sounds too good to be true it probably is.  No such thing as a free lunch.

Mar 27, 2019 08:48 AM #2
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There could be the fees for days sometimes in so many situations that it can seem endless.

Apr 11, 2019 10:48 PM #3
Rainmaker
2,844,796
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Grant Schneider There can be a lot of times when people talk a lot of good crap but it’s just that, crap.

Apr 11, 2019 10:49 PM #4
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Peter den Boer

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