• They collect an amount equal to or more than a commission to pay when they sell. Limited Flexibility: • Non-negotiable terms in most cases. • Specific property requirements (age, condition, location). • No accommodation for unique situations. • Take-it-or-leave-it approach. COMPARATIVE ANALYSIS
Let's examine real numbers for a $750,000 property:
Traditional Agent Sale:
• Market value achieved: $750,000 • Agent commission (6%): -$45,000 • Negotiable Seller closing costs (1%): -$7,500 • Negotiated repairs: -$5,000 • Net proceeds: $692,500 (taking negotiated items into account) iBuyer Transaction: • Initial offer (93% of market): $697,500
• Service fees (8%): -$55,800 • Repair deductions: -$12,000 • Additional closing costs: -$7,500 • Net proceeds: $622,200 Difference: $70,300 - $82,500 e: $70,300 - $82,500 less with iBuyer
UNDERSTANDING ONLINE REAL ES NLINE REAL ESTATE PLATFORMS
iBuyers represent one alternative to traditional selling. It is important to understand how major online real estate platforms operate within the traditional model. These platforms have changed how buyers find properties and connect with agents.
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