Local Buyers vs. iBuyers and Limited Agents – Understanding The Differences When Selling Your House in Salt Lake

We’re your neighbors, community members, and active in helping our local economy. Utah Close Fast will walk you step-by-step through the process and work together with you to make the process quick, painless, and easy! iBuyers have big limitations like not being local, or too big to really understand to your needs. Agents work well but may cost more than you want to pay.  Local Cash home buyers, specifically Utah Close Fast Cash Home Buyers will pay you a great price on your Salt Lake property.

iBuyers

iBuyers are companies that buy and sell real estate through a technology platform to work with homeowners and sellers. These companies aren’t local and do business on a large scale basis and sellers often find that they aren’t being listened to when it comes to their individual questions and concerns. They are looking for properties all over the country in very good condition with minimal or no repairs needed and offer their price. If the property does need repair, they will often offer way less for the house, or require the seller to make the repairs before closing, in order to avoid extra risk. iBuyers are focused on high volume and less profit per unit. Working with an iBuyer is a very cut and dry process; they have standard procedures for acquiring properties and are usually not willing to break the mold. Their approach can be impersonal and can cause you to sacrifice on price. 

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

Some local buyers, like Utah Close Fast, do not charge commission or transaction fees. By avoiding a real estate agent, there will be no commissions paid to a buyer’s or seller’s agent. That can mean 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. They tend to make all-cash offers with quick acceptance time that match your timeline.  They will most likely inspect the property but price all that into their offer and not request a price reduction for repairs needed.  Good investors may need little time to inspect the property and always have financing already secured.  In other words, local Salt Lake City buyers can close as quickly as you may need them since they are not waiting for financing or third parties. 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. 

 By selling your house in Salt Lake, Utah to us at Utah Close Fast Cash Home Buyers, 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.

Selling your house in Salt Lake can be simple. Call (801) 755-3865 or send us a message today! (801) 755-3865

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