As a Phoenix Divorce Mediator, my mediation clients have to make the decision about what to do with their home. Most consider selling the house, and usually need to get it sold sooner rather than later. Recently, some mediation couples have been inquiring as to whether the quick and easy sale offered by certain companies dubbed iBuyers, such as Opendoor and Offerpad, make sense. I asked local West Valley realtor, Peter Sandoval with S Group his thoughts. Here are his 2 cents!
Reasons why NOT to sell your home to Opendoor or Offerpad
As our real estate market continues to grow and the internet becomes more and more of a sensation, word is buzzing about these companies that will offer you a “fair market value” and allow you to avoid the hassle of listing your home on the open market. The reality is that these companies are trying to monopolize our real estate inventory. Here are some of the TOP reasons on why you should NOT sell to these companies
- You will lose thousands of dollars
- “Fair market value” offers turn to low ball offers after they see your home and evaluate the condition
- Hidden/excessive fees
- Additional fees added after inspection
- You are just a number in their business model
The reality is that you jeopardize your financial future and leave money on the table, simply for the convenience of not wanting to go to the open market. There are thousands of Realtors in Arizona and it’s all about making the right hire for the job. A good realtor is one that has vast knowledge on the market, real estate law, is caring/trusting/transparent, has great communication and will fight for you. That’s a realtor that will knock your socks off and will make you MORE money, FASTER and will make the process easy.
If you have further questions about Peter’s article or other real estate questions, feel free to go to his website Sgrouprealestate.com or contact him at:
The opinions of our blog contributors are their own and do not necessarily reflect the views of Affordable Mediation.
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