75. Reasons Why Selling To An iBuyer is Risky for Franklin KY Homeowners

cash for homes in Franklin KY

We buy houses in Franklin Kentucky. We are local homebuyers in Franklin and are you thinking about moving? Maybe you’re ready to sell your home in Franklin KY. You’ve probably heard of the new fad of selling your house to an iBuyer? You may wonder what is an iBuyer and should you work with an iBuyer?… We care about the people in Kentucky and the real estate market. We plan on being here a long time. Learn why the process can be risky and what alternatives you have instead in our latest post!

If you’re looking at selling your house in Kentucky, then you’re probably aware. The rise of iBuyers is having a dramatic effect on the real estate market. While the convenience can be appealing, there are ways to sell that are just as easy, without costing you a fortune in costs or fees. Keep reading to learn more about iBuyers and the risks they pose to home sellers in Franklin (really all of Kentucky)!

Reasons Why Selling To An iBuyer is Risky for Franklin KY Homeowners

Less Personal in Kentucky

Sell your home in Franklin KYWhen you work with an iBuyer to sell your property in Kentucky, the process won’t be nearly as personal as working with a local agent or a local home buyer such as We Buy Property In Kentucky. An iBuyer isn’t going to take the time to get to know you and your personal situation. They won’t ask about your needs and personal details. iBuyers will typically throw out an offer and move onto the next house. In many cases, you are just a number to them! I don’t know about you, but I hate being a number. Personally, it feels like you’re being used rather than serviced.

Low Offers in Franklin

An iBuyer is not going to take the time to learn about all of the property’s benefits. Instead, they use automated software to determine the value of your home. While computers can do this pretty well, they will often miss out on things that affect your home value. iBuyers will often make blanket offers to homeowners in a specific region. While the price might work for some people, it may not work for you. It can be much more beneficial to work with someone with their feet on the ground as opposed to relying on what a computer has to say about your property. Don’t commit to an iBuyer for your house in Franklin KY until you explore all of your selling options. Run the numbers by getting a no-obligation offer from our team today! We will make you an offer, plus we can help you understand what to expect if you should go with an agent. Our goal is to provide you with the information you need to you can make the best decision about how to sell your Franklin KY house!

Not Local in Franklin KY

Franklin KY house buyersFrom knowing the neighborhood to understanding what is possible with the property, iBuyers just aren’t going to get it. iBuyers typically buy houses nationwide, making it nearly impossible for them to understand every nuance of your local real estate market. You’ll get a bot or someone just throwing out a number at you. As local home buyers, we understand the local market better than anyone. We will always pay you a fair price, closing on the day that is best for you. When you work with an iBuyer, you will be on their schedule, possibly even asked to clean up before you go. As We Buy Property In Kentucky, we make things as simple as possible for you, even handling all of the clean-up.

Less Wiggle Room

“You have option #1 or…. option #1. Does option #1 work for you?”… That’s what you’ll get when you work with an iBuyer. When you work with a professional house buyer in Franklin KY, you will have some wiggle room when it comes to the negotiations. You will usually be able to strike a deal when working with somebody more local. With iBuyers, they make you an offer and that’s it. There is no going back to the drawing board. If you want to negotiate, the iBuyer is likely just going to move onto the next property seller. At We Buy Property In Kentucky, we want to work with you to find the price that makes the most sense. We aren’t trying to buy your house at the lowest price possible, rather we want to work with Franklin homeowners one on one to find the offer price that makes the most sense! We want to help you reach all of your selling goals!

High Fees in Kentucky

housebuyers in Franklin KYWorking with an agent will typically cost you around 6% in commissions. Working with an iBuyer can cost anywhere from 7.5-11.5% of the sale price! So let’s say you sell to an iBuyer for $200k. You could lose out on $23,000 in fees and costs! That is a fortune! Plus your offer will likely be much lower than what you would receive on the open market. If you want to avoid ALL agent fees and commissions, selling to a private, professional buyer is the way to go! Working with We Buy Property In Kentucky will ensure you receive a fair price without any of the red-tape or fees.

What To Do Instead

Selling to an iBuyer can be risky. Many people see it as a fast solution for an old or run-down property, which it can be, but it comes with a cost. While the process may be fast, you will likely receive much less when all is said and done. I don’t know about you, but most have a sizeable portion of their wealth in their property. Taking the first offer isn’t a good idea (nor would we encourage you to do that even if you work with us). Working with a professional and local homebuyer will likely put more cash in your pocket while saving you time. We understand the local real estate market and what is possible with houses in this area. We will always pay you a fair price, customized to your personal property!

Sell My House in Franklin KY

We are Kentucky home buyers and we offer cash for houses in Franklin in any situation. If you have any questions whatsoever about to sell your house in KY and the surrounding areas, don’t hesitate to reach out to our team! We will make the process simple so you can quickly sell your property and move on!

Get in touch with us today to learn more about we can buy your house in Franklin KY!

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