The True Costs of Selling Your Westchester County House To An iBuyer

The True Costs of Selling Your Yonkers House To An iBuyer

Whether you want to avoid the inconveniences of using the traditional method of selling your Westchester County House through a real estate agent or prefer to fulfill a pressing need, the conveniences that an iBuyer company appear to offer is actually hiding an adverse underlying truth. This method of purchasing houses is strictly internet-based and while they advertise that it comes with a streamlined and rapid sale, on the surface, most sellers are not aware of the costs that can run into the thousands. iBuyer companies simply don’t know your market, so they don’t offer as much as other local buyers will pay for your home. This makes it extremely important to be fully aware of the true costs of selling your Westchester County house to an iBuyer.

Hidden Expenses

These iBuyer companies offer a tempting price to sellers and may add a contingency to the contract, which is presented as the norm in real estate transactions. This naturally works in their favor, making the seller responsible for any repairs they determine are necessary. What these contingencies may be limited to is not provided in any detail. iBuyers are picky about the properties they purchase; however, they have devised a system to alleviate the costs of repairs they prefer and place these expenses directly on your shoulders. Often iBuyer companies require sellers to accept the offer prior to revealing the true costs of these demands.  In many cases, it lowers the actual offer significantly. Likewise, many of the fees you will be responsible for are well hidden, such as paying closing costs, when selling your Westchester County house to an iBuyer.

Time

While initially dangling the benefit of an extremely quick closing, it is quite possible the very contract any seller signs is laced with contingencies which can require repairs that the iBuyer is fully aware to delay any closing. These advantages for the iBuyer are skillfully hidden in between the lines. They don’t care about the damage they leave behind in your personal and financial life. If you do decide to sell to an iBuyer, be sure to do your homework prior to signing on the dotted line. The loss of valuable time is something you can never regain. This is yet another of the true costs of selling your Westchester County house to an iBuyer

Holding Costs

Depending on the circumstances under which you’ve decided to sell your property, you could find your resources dwindling fast, especially if you’ve made commitments based on your misconception. If the driving force behind your move is due to job loss or other circumstances requiring you to relocate prior to closing, you may find yourself holding two properties, in addition to the repair bills, scrambling to cover expenses until the terms of your contract are satisfied. Many budgets are unable to carry such a load. Consider this when exploring the true costs of selling your Westchester County house to an iBuyer.

High Commissions

In addition to other expenses, while they may be referred to as fees, uninformed sellers will be paying a higher commission for the convenience offered by the iBuyer. iBuyer companies include other costs sellers don’t normally pay in traditional real estate. You may be unaware of the actual expenses they will require before your highly anticipated closing date arrives and you finally receive your funds. Coming to the realization that you’ve made an enormous financial blunder in working with an iBuyer can be an unpleasant and devastating. When making the decision to sell your house you’ll thank yourself in the long run for taking the time to understand everything there is to know about iBuyers. Go the extra mile and educate yourself about the games these iBuyer companies could be playing. By being forewarned and providing yourself with accurate data you’ll be able to add up the real numbers involved when selling your Westchester County house to an iBuyer.

Astor Lane Homes is happy to answer any questions you may have about the true costs of selling your Westchester County NY house to an iBuyer, which are incredibly high. iBuyer’s hidden fees, high commissions, and stipulated repair costs can all eat away at your bottom line. They lack any concern over how you’ll come up with these extra funds, not to mention the holding costs while you wait. iBuyers motivation is profit, they’re removed from any sense of responsibility for the problems you may face or how much time passes, they can just move on to the next unwitting seller. At Astor Lane Homes, we care about our entire community because we’re a part of it too. There is another option to sell your home quickly, with a definite closing date and firm offer. Astor Lane Homes helps sellers meet their specific needs, with both their immediate and future goals as our top priority. We take the time to listen because our focus is on helping individuals. Just send us a message or call (914) 266-0055 today and let us help you.

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