5 Disadvantages of Selling Your House in Kingsport TN To An Online Buyer

5 Disadvantages of Selling Your House in Kingsport TN To An Online BuyeriBuyers are the newest thing to hit the real estate market. However, it’s important that you are aware of the disadvantages of selling your house in Kingsport TN to an online buyer.

Many of the iBuyers coming on to the scene are getting attention due to their brand familiarity and promise of convenience. However, working with iBuyers almost ensure you won’t get a fair price. At Awesome Cash Buyers Co., we can buy your house quickly as an iBuyer would, but we are local buyers and investors, not a massive corporate machine that is solely after profits. For homeowners who need to sell their homes fast and want to utilize the convenience of a direct sale, working with our team might be the solution you need.

You Are Just A Number

When you work with an iBuyer, the process isn’t personalized. The iBuyer doesn’t know the neighborhood or the market the way a local home buyer does. They will just throw out a number and move onto the next property. You won’t be able to negotiate or explain what makes your house so great. They rely on what it says about your house on paper and go from there.

An iBuyer isn’t there to help you reach your goals, they are there to buy as inexpensively as possible in order to turn a profit for their corporation. When you work with Awesome Cash Buyers Co., you will have a team by your side that is ready to help you. We listen to your goals and what you need from the sale. Our job is to help you achieve those goals while helping you with the transition in any way we can.

Your Offer Will Likely Be Pretty Low

Working with an iBuyer doesn’t typically provide the profits you might think. They tend to make generalized, blanket offers, without much thought regarding the details of the property. The draw of working with an iBuyer is that the process will be fast and convenient. Most iBuyers are trying to acquire your property for as little as possible, but they usually do it pretty quickly. If you want to sell your house fast, but still want an offer that is reasonable, it’s best to work with a local property buyer as opposed to a big corporation. Working with a company like Awesome Cash Buyers Co. will help you sell quickly, to someone who cares about getting you out of your difficult situation.

It Can Be Expensive

Just like working with a real estate agent, working with an iBuyer can cost you a lot of money. Selling your house to an iBuyer can cost you over 12% of the sale price in fees alone. There are often other hidden fees to contend with as well as cancellation charges. Because you are usually at the mercy of the iBuyer when it comes to scheduling, many homeowners find that they have to rent a place until they are able to close on a new home. This means even more money out the door spent on fees and deposits.

It Can Take Awhile

Just like working with an agent, working with an iBuyer will subjugate you to inspections, appraisals, and possibly the need to make repairs. Sure, you’ll be able to get an offer much more quickly, but you will still have to wait while the iBuyer does their homework on the property. With a direct sale to Awesome Cash Buyers Co., you won’t have to jump through all of the hoops sellers often have to jump through. Instead, you will be able to get an offer and collect your cash in only a matter of days.

iBuyers Aren’t Buying Everywhere

While iBuyers might seem like the next big thing, their services are still quite limited. They typically only purchase houses in select cities, and even then, properties have to meet specific criteria. They usually will need to be a certain size, without repairs or upgrades required. If your house does meet the location, condition, and size criteria, the iBuyer is still going to try to acquire your property for as little as possible.

While working with an iBuyer may seem like a great solution for those who need to sell a house fast in Kingsport TN, there are some things you need to be aware of. Make sure to run the numbers for yourself, so you can make the right decision about how to sell. A listing will likely net more money in the long run but will take much longer than a direct sale. An iBuyer has the funds to buy and the big name to attract more people. And local investors such as Awesome Cash Buyers Co. can provide you the personalized attention of a Kingsport TN real estate agent while offering the convenience of an iBuyer!

Let us help you learn about the perks and the disadvantages of selling your house to an online buyer in Kingsport TN! Reach out to us today for more information! 423-797-6009

blainedartez

Hey there, I’m Blaine, the owner of Awesome Wholesalers! Thanks for checking us out. I love every aspect of real estate, but one major reason I started buying homes is that I saw that sometimes people were getting into tough situations with their home… facing foreclosure, can’t make repairs, getting behind on payments, and more. I’ve seen people struggle with squatters, or go through the process of losing homes up close and personal. Bottom line: I know that sometimes bad things happen to good people. I got into real estate because I wanted to offer a service where I can help homeowners in my community. My passion and goal with this company is to get people out of burdensome properties, or helping another local investor build their portfolio. Besides all that, I enjoy seeing a run-down home flipped and made beautiful, and become a benefit to a neighborhood. Now, I get to run my own business and spend more time with my family and help homeowners like you that are facing tough situations.

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