REAL ESTATE NEWS
Home Sellers: Real estate transactions are often complex, slow and stressful. Often, sellers are worried about the many items that need to be fixed up. They’d sometimes prefer to sell the property as is. To simplify and shorten the process, new ibuyer companies use technology and investors to make an offer on a home instantly. These ibuyer companies have recently begun to spend much less on buying homes. Offers from iBuyers are going down compared to full market value. The decline in ibuyer offers is due to higher risk in the marketplace, while more home sellers agree to accept lower cash offers in order to reduce their own exposure to a jittery real estate market caused by today’s virus hysteria. An increasing number of home sellers are willing to accept less money in exchange for more certainty — less than full market value — often $50,000 to $100,000 less than a fully marketed home sale. | Blog Video
A larger number of prospective home sellers instead prefer to receive an offer on their home within 24 hours, but then decide if they would like to accept that offer or if they prefer to fully market the home using a real estate professional who provides a guaranteed sale amount for the full market value or higher. #chambersguarantee
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.