iBuyers, Agents, and Local Buyers – Understanding The Differences When Selling Your House in California
You won’t be listened to by iBuyers because they don’t work locally. The agent can help, but they charge a lot of fees. Local buyers, particularly MCB Homes Inc., pay top dollar for your California home. It will be simple, painless, and quick when you work with us at MCB Homes Inc. since we’re your neighbors and we’ll walk you through each step.
iBuyers, Agents, and Local Buyers – Understanding The Differences When Selling Your House in California
iBuyers
Buyers and sellers work directly with iBuyers through the use of technology. Often, sellers find that these companies aren’t listening to their questions and concerns because they aren’t local and do business on a large scale. They are looking for properties all over the country in very good condition with minimal or no repairs needed. To avoid risk, they are known to offer significantly less for a property that needs repairs, or to require that the seller make the repairs before closing. There is a focus on high volume and low profit per unit for iBuyers. The process of working with an iBuyer is quite cut and dry; they have standard procedures for acquiring properties and do not usually like to break the mold. It can cause you to sacrifice price for their impersonal approach.
Using a Real Estate Agent
Besides the percentage agents receive from the sale of your house, there are often other fees and costs associated with selling through a standard real estate agent. A buyer’s agent almost always orders an inspection when using a real estate agent. The seller may require you to make repairs to the property structure before closing if something is wrong. People call you in the middle of the night to see if you’re available to show your house. Leaving your home spotless every morning before work will also be necessary, just in case there is a showing while you’re away. A traditional house purchase usually requires qualifications from banks, mortgage underwriting time, and a property inspection, and the buyer may not qualify in the end.
Local Buyers
Local buyers typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison. By avoiding a real estate agent, there will be no commissions paid to a buyer’s or seller’s agent. That means potentially thousands of dollars in savings! Local buyers that do not use real estate agents are usually investors. Working with these buyers will have aspects of iBuyers and buyers with real estate agents as well.
They tend to make all-cash offers with quick acceptance time frames but have inspection tendencies like local buyers that work with real estate agents. They will most likely hire an inspector and request a price reduction for repairs needed. Some investors may need some time to inspect the property or to secure financing.
The local buyers will tend to close quickly since they are not waiting for financing. Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer.
Also, when you sell your house in California to house buyers, they will typically close faster than traditional house buyers, and usually pay full in cash.
By selling your house in California to us at MCB Homes Inc., you will not have to worry about wasting your valuable time or going through a roller coaster of emotions. As local buyers, we have time to stop and listen to your individual needs.Selling your house in California can be simple. Call (209) 400-6500 or send us a message today! (209) 400-6500