Let’s face it when it comes to selling your home you have LOTS of choices in today’s world. You no longer have to rely on a real estate agent to sell your home. But let’s be honest there also pros and cons to each.
Keep in mind that iBuyers are usually big companies that are NOT located in Philadelphia and they don’t know much about the area and cost of renovation. They are simply large corporations with one goal in mind and that’s profits for their shareholders.
No matter why you’re considering selling to an iBuyer, the conveniences that iBuyers may seem to offer may be far outweighed by the negatives lurking below the surface. iBuyers work on a large scale basis and sellers often find that questions and concerns go unanswered because the company just doesn’t care.
Professional buyers are a part of the community and dedicated to helping the people of Philadelphia and New Jersey. Professional buyers like Philly Home Investor take the time to listen because our focus is helping individuals, Here are the five reasons why it is better to work with a professional home buyer in Philadelphia vs. an iBuyer.
And if you don’t trust us just take a look at some of our Google Reviews, you’ll see nothing but a 5-star rating all around.
Offers
iBuyers aren’t local, being unfamiliar with Philadelphia, and Jersey means they don’t offer as much as professional buyers will for your home. iBuyers method of buying appears to offer a streamlined and rapid sale yet many of the fees you’re responsible for are well hidden, such as paying closing costs. iBuyer’s hidden fees and high commissions can all eat away at your bottom line.
Professional buyers like Philly Home Investor offer fair prices, taking the time to fully explain our process. Professional buyers like Philly Home Investor don’t charge sellers other costs to sell your home. Because the offer when you sign the sales agreement will be the actual amount you’ll receive at closing, it is more beneficial to work with a professional home buyer in Philadelphia vs. an iBuyer.
Philly Home Investor helps sellers meet their specific needs, with both their immediate and future goals as our top priority. We can usually get you an offer in as fast as 24 hours or less.
Some companies say they can get you an offer in under 1 hour or less but just think about it, it’s a house not an old computer you’re selling. It takes time to give the best offer and it’s something we don’t take likely. Anyone that is making you an offer that fast has only one thing in mind, and that’s getting the house from you ASAP without giving you time to think about it or go over all the information.
Repairs
iBuyers may add a contingency making the seller responsible for any repairs they deem necessary. The average cost of repair in Philadelphia and New Jersey can up anywhere from $5000-35,000 depending on the job or renovation.
Often iBuyers require sellers to accept the offer prior to revealing the costs that could be involved which often lowers the actual offer significantly. iBuyers devised this system to avoid taking on the costs of these repairs, lacking any concern over how you’ll come up with these extra funds before closing.
Professional buyers like Philly Home Investor will purchase the house as-is, making it preferable to work with a professional home buyer in Philadelphia vs. an iBuyer. And that means NO repairs and you can leave whatever you want inside the property. Even hoarder homes we will buy!
With our experience we understand all the risks involved in buying a home as-is, we also understand the relief this can offer to an already strained homeowner. With no repairs needed, you can avoid paying for expensive repairs before you ever realize a penny of profit.
We will buy the ugliest house on the block! And transform it back to its original beauty.
Holding Costs
iBuyers motivation is profit, they’re removed from any sense of responsibility for the problems you may face or how much time passes, they can just move on to the next unwitting seller. While initially dangling the carrot of extremely quick closings, it is quite possible the very contract sellers sign is laced with contingencies, requiring repairs which the iBuyer is fully aware will lead to delays in closing.
For those forced to relocate prior to closing, holding two properties means double the bills, in addition to covering the repair bills, until the terms of your contract are satisfied. This can be very expensive.
Professional home buyers usually close within 30 days or less. Depending on the circumstances under which you’ve decided to sell your property, your resources may be dwindling fast.
At Philly Home Investor, our quick process means you can leave all of your worries behind, making it better to work with a professional home buyer in Philadelphia vs. an iBuyer. Just look at all of our Google reviews, nothing but 5-star reviews all around.
If it’s not a win-win for everyone involved we are not interested. We don’t need to buy every home we see.
You’ll thank yourself in the long run for taking the time to understand the huge difference between iBuyers and professional buyers like Philly Home Investor. Our goal at Philly Home Investor is to help you solve your problems, which is the best reason to work with a professional home buyer in Philadelphia vs. an iBuyer. Find out for yourself by sending us a message or calling Philly Home Investor at (215) 422-3288 today!
We not only buy in Philadelphia but also all of the surrounding suburbs and counties including: Bucks County, Delaware County, Montgomery County, Chester County, New Jersey and SW Florida region.