What Is The iBuyer Program? - Fridays with Fred

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There’s no doubt that the iBuyer program has created a lot of buzz over the last 12-24 months and people

who are planning on selling their homes want to know more about how this program works, especially

how it’s different than working with a traditional Real Estate agent.

Traditionally, when you work with an agent such as the Fred Sed Group, you pay the agent to list and sell

the property. Upon the sale of the home, you will pay us a commission and we will, in turn split that

commission with the buyer’s agent.

Real Estate Agent Vs. iBuyer Program

Working with a traditional Real Estate agent means that the agent will assist you with everything that you

need to market your home for sale online and in the local area so that you can get top dollar for your

property.

With the iBuyer program, the home sales process is done differently because the program essentially

consists of large investors who will come to you directly with an offer to purchase your home without you

having to list it on the MLS.

This program is a hassle-free approach to selling a home because of the obvious fact that if you accept

the iBuyer price, you can sell your home quickly without having to do things like de-clutter, stage, and

make minor improvements before getting your home ready for sale.

Is The iBuyer Really Worth It?

Even though the iBuyer program says that they don’t charge a commission, if you take a look at their fee

schedule you will see that iBuyer program fees can cost a seller between 13%-15% of the homes sale

price, compared to typical Real Estate agent’s commission which can be between 5% and 7%. That’s a

huge difference because it means that with the iBuyer program, a home buyer may end up paying about

$20,000 in fees alone on a home or condo that costs $200,000.

(Source – Forbes)

It’s been our experience after examining various scenarios that when a seller lists their home on the open

market, they always get more money, every time, compared to selling their home with the iBuyer

program.

When Is The iBuyer Program Beneficial?

Even though we suggest that every seller list their home on the open market, especially if they want to net

top dollar for their house, the reality is that there are sellers out there who will find the iBuyer program

beneficial to them.

Let’s face it, there will always be sellers out there who want to sell their properties without any hassle at

all, especially if they have to sell their homes fast. We respect anyone who chooses to go this route

because there always will be investors out there who will pay less money for a home so the seller doesn’t

have to do anything.

If a seller wants to sell their home for top dollar, their goal should always be to hire a Real Estate agent

and list that property on the market so that they can net top dollar for their home.

Contact the Fred Sed Group

To learn more about the real cost of the iBuyer program vs. working with a traditional agent, or to speak

with us about selling your home, contact the Fred Sed Group today by calling us at (800) 921-9231 or

connect with us online.