REALTORS® Are The Best Advocates For Homeowners

Dated: 09/22/2019

Views: 478

With the recent expansion of tech company ibuyer platforms taking place, home sellers and home buyers must know that Realtors are their #1 Advocate in the home selling process.  The ibuyer platforms are targeting home sellers and targeting the equity in sellers' homes.

If you are not familiar with the ibuyer platforms, they are companies like Zillow, Offerpad and Opendoor that are now buying homes virtually through the internet.  They are tech companies usually from Silicon Valley in California.  They are not local investors.  These virtual companies generate their business from the internet.  Their strategy is to buy property fast.  In today's quick paced environment some sellers are falling for it.  It's a little less work for a seller because they don't have to clean up their property, do repairs or have buyers walk through their home.

However, selling in a couple of days and not preparing a home for showings is not Worth what these companies are charging.  It's not even close.  The ibuyer companies often charge 3% - 12% more than what Realtors charge.  Plus they give a low ball offer.  The ibuyer companies do not call their fees commission or brokerage fees like Realtors plainly do.  They label it something else like transaction fees, closing fees, holding fees, repair costs, etc.   Often times there are multiple, unnecessary fees involved.

The United States has a 26 trillion dollar housing  market.  The Department of Justice Antitrust Division is now reviewing the ibuyer companies for reduced competition and harm to consumers.  (Press release Number 19-799)

Home sellers be warned.  ibuyer companies are not your friend.  Do not let your family or friends get tangled up with one.  A Realtor has always been and will always be your best resource and advocate when buyer or selling your home.  

Blog author image

Jackie Thompson

Honest and Experienced Real Estate Service for over 23 years is what Jackie Thompson prides herself with. She represents buyers and sellers in residential and commercial sales and purchases. She als....

Want to Advertise on this Site?

Latest Blog Posts

Realtors Are The Best Advocates For Homeowners

With the recent expansion of tech company ibuyer platforms taking place, home sellers and home buyers must know that Realtors are their #1 Advocate in the home selling process.  The ibuyer

Read More

Apr 25 2019 60099 1

It's really a good time to buy. The inventory is slowly growing and it's a great time to get a mortgage as rates have stayed low . I've been wondering myself if I should move. Yes I'm

Read More

First Time Homebuyer Series Down Payment Programs 101

How do you go from dreaming of owning a home to holding your first set of keys? If you’re like most first-time buyers, the down payment is your biggest hurdle. But, it could pay off big time to

Read More

Selling A Home

Selling a home can be a difficult task for even the most seasoned of sellers. There is so much that goes into the process of placing a property on the housing market. First, the owner needs to get

Read More