{"id":316,"date":"2022-04-01T17:40:25","date_gmt":"2022-04-01T17:40:25","guid":{"rendered":"https:\/\/amandasellstx.com\/?p=316"},"modified":"2024-03-09T06:46:05","modified_gmt":"2024-03-09T06:46:05","slug":"realtor-vs-ibuyer-the-real-cost-of-convenience","status":"publish","type":"post","link":"https:\/\/amandasellstx.com\/?p=316","title":{"rendered":"REALTOR\u00ae vs. iBuyer: The Real Cost of Convenience"},"content":{"rendered":"<!--vcv no format--><!-- vcwb\/dynamicElementComment:3eee25fe --><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-3eee25fe\" data-vce-do-apply=\"all el-3eee25fe\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><!-- vcwb\/dynamicElementComment:5c1eaf61 --><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-5c1eaf61\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-5c1eaf61\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-5c1eaf61\"><!-- vcwb\/dynamicElementComment:fda53424 --><div class=\"vce-yt-video-player vce-yt-video-player--align-center vce-yt-video-player--size-560x315\"><div class=\"vce vce-yt-video-player-wrapper\" id=\"el-fda53424\" style=\"width: 560px;\" data-vce-do-apply=\"all el-fda53424\"><div class=\"vce-yt-video-player-inner\"><iframe loading=\"lazy\" class=\"vce-yt-video-player-iframe\" src=\"https:\/\/www.youtube.com\/embed\/ihv3MZriH2s?autoplay=0&amp;mute=0&amp;color=red&amp;controls=1&amp;loop=0&amp;rel=0&amp;start=0&amp;cc_load_policy=0&amp;iv_load_policy=3&amp;enablejsapi=1\" width=\"640\" height=\"390\" allowfullscreen=\"\" title=\"YouTube video\"><\/iframe><\/div><\/div><\/div><!-- \/vcwb\/dynamicElementComment:fda53424 --><\/div><\/div><\/div><!-- \/vcwb\/dynamicElementComment:5c1eaf61 --><\/div><\/div><\/div><!-- \/vcwb\/dynamicElementComment:3eee25fe --><!-- vcwb\/dynamicElementComment:9e92725d --><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-9e92725d\" data-vce-do-apply=\"all el-9e92725d\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><!-- vcwb\/dynamicElementComment:9211c254 --><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-9211c254\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-9211c254\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-9211c254\"><!-- vcwb\/dynamicElementComment:0ef5c1d7 --><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-0ef5c1d7\" data-vce-do-apply=\"all el-0ef5c1d7\"><p>Hi, I\u2019m Amanda with Amanda Spills the Realty. I\u2019m a REALTOR\u00ae with RE\/MAX Trinity based in Fort Worth, TX. And today, I\u2019m spilling the tea on iBuyers.<\/p>\n<p>Alright, so you\u2019ve heard of iBuyers. These are companies that will send you a postcard in the mail or reach out to you directly over the phone to buy your home. They boast about the convenience of selling directly to them you don\u2019t have to worry about putting your house on the market. But I\u2019m here to break down the cost of that convenience to you.<\/p>\n<p>Alright, so let\u2019s start at price. When an iBuyer reaches out, they will most often offer you below market value\u2014because how else are they going to make a profit on the home? But when you work with an agent, and especially in today\u2019s market, you\u2019ll likely get above market value.<\/p>\n<p>So as we\u2019re breaking down these costs, we\u2019ll go ahead and include a remaining balance. That\u2019s going to be the same whether you use an iBuyer or not. Um, that\u2019s the balance you have left on your loan. So in this example, we\u2019ll just use $100,000 for easy math.<\/p>\n<p>Alright, so let\u2019s talk about closing costs. Here is where we start to see some discrepancies. Right now, we\u2019re in a seller\u2019s market, so we\u2019re actually seeing buyers offer to pay for things like title policies that have traditionally been paid by sellers. And so, iBuyers are not necessarily offering that because remember, their talking about convenience in their offer. So they\u2019re not doing some of those same negotiation strategies that buyers are doing to compete.<\/p>\n<p>Alright, let\u2019s talk about commission because iBuyers LOVE to advertise that you don\u2019t have to pay a REALTOR\u00ae commission. So, in this example, we\u2019ll just use $15,000 as what the commission would be for a listing agent and a buyer agent commission.<\/p>\n<p>SO, by working with an iBuyer, you avoid paying a REALTOR\u00ae commission, you are also paying a service fee, which is often the same or sometimes even more than what that REALTOR commission would have been. And so, if you\u2019re thinking about using an iBuyer to try to make a little bit of extra money by not paying REALTOR\u00aecommissions, just make sure you take a closer look at that service fee or transaction fee to make sure it\u2019s not the same or it\u2019s not more than if you would\u2019ve hired an agent.<\/p>\n<p>Alright, so let\u2019s talk about repairs. So when you put the house on the market, a buyer may have an option period, they may do an inspection, and they may request some repairs. Some of them may be reasonable, some of them may not. But you have the ability to negotiate. You have the ability to say \u201cno\u201d to those repairs requests, whereas with iBuyers, they will often have mandatory repairs that will come in the form of a non-negotiable credit to them so that those repairs can be taken care of. And those can often add up.<\/p>\n<p>Okay, so holding costs\u2014or, the cost to continue owning your home until it closes may be slightly lower with an iBuyer because they can do a quick closing. But, in this market, it doesn\u2019t mean that you can\u2019t close just as quickly\u2014maybe a little bit longer\u2014with an agent.<\/p>\n<p>So, this brings your grand total to earning $33,946 more dollars if you list with an agent than if you sell to an iBuyer. What could you do with an extra $30,000? I know I can think of a few things.<\/p>\n<p>So, I know it may be tempting when you get a postcard in the mail, and you have a ready and willing buyer right at your fingertips. I get it because I get the postcards, too, and I feel that same twinge of excitement that someone wants to buy my home. But, you\u2019ve gotta think about the long-term difference in what you could actually make when you sell your home.<\/p>\n<p>As your REALTOR\u00ae and listing agent, I represent YOU. I\u2019m looking out for YOUR best interests. An iBuyer is just that\u2014the BUYER\u2014they\u2019re looking out for their best interests. And so, when I represent my clients, I want them to get top dollar for their home.<\/p>\n<p>And I like to be transparent from the beginning. Before we even list the home, I like to provide you a seller\u2019s net proceeds lists so that you can accurately predict how much you can actually walk away with at the sale of your home.<\/p>\n<p>Okay, so I know that was a lot of information, so if you\u2019re in the DFW area and are curious about how much you could get for the sale of your home, I\u2019d be happy to meet with you. Feel free to send me an email at <a href=\"mailto:amandaspillstherealty@gmail.com\">amandaspillstherealty@gmail.com<\/a>. And if you\u2019re outside the DFW area, still feel free to send me an email. I have connections with rockstar agents all over the country and all over the world.<\/p>\n<p>Until then, feel free to subscribe to my channel and follow me everywhere @amandaspillstherealty. See ya\u2019 next time!<\/p><\/div><\/div><!-- \/vcwb\/dynamicElementComment:0ef5c1d7 --><\/div><\/div><\/div><!-- \/vcwb\/dynamicElementComment:9211c254 --><\/div><\/div><\/div><!-- \/vcwb\/dynamicElementComment:9e92725d --><!--vcv no format-->","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,8],"tags":[23,19,22,20,21],"class_list":["post-316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-sellers","tag-homesaleprofitability","tag-ibuyer","tag-listingagent","tag-sellingyourhome","tag-sellyourhome"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>REALTOR\u00ae vs. iBuyer: The Real Cost of Convenience - Amanda Sells TX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/amandasellstx.com\/?p=316\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REALTOR\u00ae vs. iBuyer: The Real Cost of Convenience - 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