If you presently own a home, you’ve likely been saturated with offers from companies like Opendoor or Zillow to sell your home without listing. Wonder why your mailbox and social media feeds are full of advertisements from companies like these? What’s in it for them? The short answer is the person or company buying your home is typically purchasing it for a 30% or greater discount below fair market value!
So why are homeowners taking the bait from Cash and iBuyers?
The initial offer price is typically enticing. Unfortunately, the fine print is easily overlooked by homeowners and fees can be 9% or higher on top of repair fees.
In the North Atlanta market we’ve personally seen two specific situations where homeowners saved $40,000 and $60,000 by foregoing an offer from an iBuyer and listing their home with a top Keller Williams Agent!
