Special offer

Spam prevention
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Excellent discussion. And I must agree with both Lyn Sims and Scott Godzyk 

Oct 29, 2019 07:12 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Why reinvent the wheel here Annette? Most costs that I've seen in other posts seem correct. I'll just go with those.

https://www.realtrends.com/blog/are-ibuyers-the-relocation-management-businesses-of-the-1970s/

Debe Maxwell also did an infographic I believe also.

Oct 29, 2019 07:06 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

This is my thought, In real estate what we can control eliminates many surprises that can hurt, delay or kill the sale later on. When someone puposely skips these 18 plus steps, it can be costly in time, money and stress. 

Oct 29, 2019 06:32 AM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Good food for thought Annette, a list to help out any of those folks that keep posting those "we buy houses" adds around town.

Now to get that nice boat off the rocks...

Oct 29, 2019 10:56 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

There is a good list of observations there.

Oct 29, 2019 07:40 AM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I can not attest to the "accuracy" of the list as neither I or any one I know has ever had any activity involving iBuying.

Oct 29, 2019 07:37 AM
Rainmaker
629,708
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Sellers choice! Less hassle less money, or more hassle more money! Take your pick

Oct 30, 2019 04:40 AM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

The iBuyer is less than 1% of our market...so not worth our time. I'm more concerned about FSBOs than iBuyers and ...oh yeah...I'm not worried about FSBOs.

Oct 29, 2019 09:27 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No idea, really, Annette, will read answers.

Oct 29, 2019 07:05 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I have to say that I pay attention to what I do and not concern myself with what others do.

Oct 29, 2019 06:46 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I think too much time and effort is being spent on iBuyers. They will get a portion of the market just as the people who put up "We Buy Ugly Houses" got a part of the market.

Oct 29, 2019 05:17 PM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Selling at a discount is always available.

Oct 29, 2019 02:24 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I suppose that's a good list if you're willing to pay the premium to avoid those "headaches." And inspections are not avoided with an iBuyer... they inspect and they charge for all the repairs as part of the seller's cost.

Oct 29, 2019 02:21 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I cannot relate because I have no experience with iBuying.  

Good observations, however.  

At my client's request, I attended a meeting he had with his attorney. Without getting into the details, at the end of the meeting my client said: 
"Any attorney who has their self as a client has a fool for a client."

Reminds me of FSBO's and iBuyers. 

 

Oct 29, 2019 02:04 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great question and great answers. I agree with Lyn and all

Oct 29, 2019 01:00 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good list

Oct 29, 2019 11:00 AM
Rainmaker
7,836,164
Roy Kelley
Retired - Gaithersburg, MD

Thanks for the link.

Oct 29, 2019 10:17 AM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If sellers want to leave so much money on the table, that is their decision.

Nov 02, 2019 05:46 PM