iBuyers, Agents, and Local Buyers – Understanding The Differences When Selling Your House in Orlando

iBuyers work but aren’t local and they don’t focus on your needs. Agents can work but will cost a lot, Local buyers, specifically Angie Buys Houses Central Florida will pay you a fair price for your Orlando property. We’re your neighbors, we’ll walk you step-by-step through the process and working together with us at Angie Buys Houses Central Florida will make the process quick, painless, and easy!

iBuyers

iBuyers are companies that buy and sell real estate through a technology platform to work directly with homeowners and buyers. These companies aren’t local and do business on a large scale basis and sellers often find that they aren’t being listened to when it comes to their individual questions and concerns. They are looking for properties all over the country in very good condition with minimal or no repairs needed. If the property does need repair, they will often offer way less for the house, or require the seller to make the repairs before closing, in order to avoid extra risk. iBuyers are focused on high volume and less profit per unit. Working with an iBuyer is a very cut and dry process; they have standard procedures for acquiring properties and are usually not willing to break the mold. Their approach can be impersonal and can cause you to sacrifice on price. Or they can give you the price you are looking for but tack on fees and a list of price concessions to cover those repairs.  

Using a Real Estate Agent 

Agents are paid based on a percentage of the sale price of your house, there are often other fees and costs associated with selling through a standard real estate agent and you have to cover your portion of closing costs. When using a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it using the money you may or may not have available for repairs before the property closes. There are frustrating, middle-of-dinner phone calls asking if you are available to show your house. It will also be necessary to leave your house spotless every day before heading to work, just in case there is a showing while you’re gone. Or, if you have pets, you may have to leave work to take them out or put them up during a showing. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end, which means you are left at the closing table without a buyer and no money in your pocket.  

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 can mean 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 and can close quickly. Like traditional buyers, they typically require an inspection period. However, cash buyers often do not do a traditional inspection and will have their general contractor or partner walk through the property. 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 closing.  Also, when you sell your house in Orlando, FL to house buyers, they will typically close faster than traditional house buyers, and usually pay full in cash.

By selling your house in Orlando, FL to us at Angie Buys Houses Central Florida, you won’t have to worry about wasting your time or going through a roller coaster of emotions. As local buyers, we have time to stop and listen to your individual needs and can work with you in many ways so it’s a win-win.

Selling your house in Orlando can be simple. Call (407) 512-9526 or send us a message today! (407) 512-9526

Photo by Amy Hirschi on Unsplash
Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in FL. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (407) 512-9526...
  • This field is for validation purposes and should be left unchanged.