Today, with the rise of modern technology, there are many various directions you can take when selling your house in Milwaukee. Do you know what is the difference between working with an iBuyer, real estate agent and a direct buyer?
iBuyers work but aren’t local, won’t listen to you. Agents can work but will cost a lot, Local buyers, specifically Sparks Property Investors LLC will pay you a great price on your Milwaukee property. We’re your neighbors, we’ll walk you step-by-step through the process and working together with us at Sparks Property Investors LLC will make the process quick, painless, and easy!
iBuyers are companies that use various technology platforms to work directly with buyers and homeowners and to buy and sell real estate. They usually aren’t local and do business on a large scale. As a result, a lot of sellers feel like they don’t have a good communication, especially when it comes to their individual questions and concerns. Also, iBuyers are looking for houses that are in good condition and don’t require a lot repairs. If it happens that the property needs repairing, they will pay way less, or require the seller to complete the repairs before completing the sale, just so they can avoid unnecessary risk. In short, iBuyers are focused on less profit and high volume per unit. When you are selling your house in Milwaukee to an iBuyer expect a very cut and dry process. They have standard procedures for purchases and they don’t like to break that cycle. They don’t have personal approach and they will pay you way less.
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. 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 out of pocket 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. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.
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 means potentially 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 with quick acceptance time frames but have inspection tendencies like local buyers that work with real estate agents. They will most likely hire an inspector and request a price reduction for repairs needed. Some investors may need some time to inspect the property or to secure financing. 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 an offer. Also, when you sell your house in Milwaukee, Wisconsin to house buyers, they will typically close faster than traditional house buyers, and usually pay full in cash.
By selling your house in Milwaukee, Wisconsin to us at Sparks Property Investors LLC, you will not have to worry about wasting your valuable time or going through a roller coaster of emotions. As local buyers, we have time to stop and listen to your individual needs.