Disadvantages of Selling Your House In Herndon VA To An iBuyer

5 Disadvantages of Selling Your House in Herndon To An Online Buyer

As local home buyers, we often get asked what the difference is between our small business and iBuyers. The main difference is we are a small, local house buying company who make fair offers in cash for houses in Herndon VA, and iBuyers are part of big corporations across the United States. We get to know each and every homeowner before purchasing a property whereas iBuyers have sale targets to meet with tight deadlines. iBuyers are the newest thing to hit the real estate market. However, it’s important that you are aware of the disadvantages of selling your house in Herndon to an iBuyer.

5 Disadvantages Of Selling Your House In Herndon To An iBuyer

Many of the iBuyers coming on to the scene are getting attention due to their brand familiarity and promise of convenience. However, working with iBuyers almost ensure you won’t get a fair price. At The House Guys, we can buy your house as quickly as an iBuyer would, but we are local buyers and investors, not a massive corporate machine that is solely after profits. For homeowners who need to sell their homes fast and want to utilize the convenience of a direct sale, working with our team might be the solution you need.

With iBuyers In Herndon You Are Just A Number

When you work with an iBuyer, the process isn’t personalized. The iBuyer doesn’t know the neighborhood or the market the way a local home buyer does. They will just throw out a number and move onto the next property. You won’t be able to negotiate or explain what makes your house so great. They rely on what it says about your house on paper and go from there.

An iBuyer isn’t there to help you reach your goals, they are there to buy as inexpensively as possible in order to turn a profit for their corporation. When you work with The House Guys, you will have a team by your side that is ready to help you. We listen to your goals and what you need from the sale. Our job is to help you achieve those goals while helping you with the transition in any way we can.

Your Offer From An iBuyer In Herndon Will Likely Be Low

Working with an iBuyer doesn’t typically provide the profits you might think. They tend to make generalized, blanket offers, without much thought regarding the details of the property. The draw of working with an iBuyer is that the process will be fast and convenient. Most iBuyers are trying to acquire your property for as little as possible, but they usually do it pretty quickly. If you want to sell your house fast, but still want an offer that is reasonable, it’s best to work with a local property buyer as opposed to a big corporation. How you’ll know your working with the best home buyers is the level of customer service they come to the table with. Remember, iBuyer’s are a faceless corporation. We are people. Working with a company like The House Guys will help you sell quickly, to someone who cares about getting you out of your difficult situation.

iBuyers Can Be Expensive In Herndon Virginia

Just like working with a real estate agent, working with an iBuyer can cost you a lot of money. Selling your house to an iBuyer can cost you over 12% of the sale price in fees alone. There are often other hidden fees to contend with as well as cancellation charges. Because you are usually at the mercy of the iBuyer when it comes to scheduling, many homeowners find that they have to rent a place until they are able to close on a new home. They may also find themselves holding a property for a while why the iBuyer gets ready. These real estate holding costs can be expensive which means even more money out the door spent on fees and deposits.

iBuyers Can Take Awhile In Herndon VA

Just like working with an agent, working with an iBuyer will subjugate you to inspections, appraisals, and possibly the need to make repairs. Sure, you’ll be able to get an offer much more quickly, but you will still have to wait while the iBuyer does their homework on the property. With a direct sale to The House Guys, you won’t have to jump through all of the hoops sellers often have to jump through. Instead, you will be able to get an offer and collect your cash in only a matter of days.

iBuyers Aren’t Buying Everywhere…

While iBuyers might seem like the next big thing, their services are still quite limited. They typically only purchase houses in select cities, and even then, properties have to meet specific criteria. They usually will need to be a certain size, without repairs or upgrades required. If your house does meet the location, condition, and size criteria, the iBuyer is still going to try to acquire your property for as little as possible.

While working with an iBuyer may seem like a great solution for those who need to sell a house fast in Herndon, there are some things you need to be aware of. Make sure to run the numbers for yourself, so you can make the right decision about how to sell. A listing will likely net more money in the long run but will take much longer than a direct sale. An iBuyer has the funds to buy and the big name to attract more people. And local investors such as The House Guys can provide you the personalized attention of a Herndon real estate agent while offering the convenience of an iBuyer!

The House Guys Offer A Simple Solution

As local Herndon home buyers, we know the area well, and we enjoy visiting each house before we make an offer. This allows us to determine our exact repair costs instead of taking a percentage off the top of the offer. Sell your house to legitimate home buyers without paying fees or commission. Let us help you learn about the perks and the disadvantages of selling your house to an iBuyer in Herndon. Reach out to The House Guys today for more information and a cash offer for your Virginia house! (571) 207-5171

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