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Real estate
Dangers of selling assets through ibuyers
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[QUOTE="King bell, post: 331686, member: 75687"] Most of the iBuyers are companies who have gone high tech and are so fast to make home sellers cash offers quickening the home-selling process. Despite this, sellers should be cognizant of possible hazards associated with iBuyer transactions. These dangers include lower prices paid, more expensive services and transaction charges, weakened negotiation power, difficulties in assessing property, repair requirements and expenses, protracted closing dates, limited availability in specific regions as well as market timing risks coupled with lack of personalized service. For this reason, iBuyers usually buy homes at below market value resulting in low sale costs unlike in traditional sales. Additionally, sellers may encounter higher transactional costs and service fees that cater for the iBuyer’s outgoings also. Moreover, sellers may have unexpected repair bills and delays in the finalization of the deal. Lastly, they might not get personal attention given by real estate agents involved in conventional sales. [/QUOTE]
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