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Have you received an  offer to purchase your property in your mailbox recently?  Some corporate I-Buyer companies are currently making offers on Cincinnati properties.   Exactly what are these offers, and how could they impact you when you go to sell your home?

Essentially, within just hours, a corporate buyer will give you a cash offer to buy your home, and closing could occur weeks to months later. This offer is primarily made using a formula that uses online data to price your home.  However, since they are in the business of making $ when they resell your home, the price of this convenience will definitely be a below-market value of your property.

Many think they would escape some significant selling fees when using an i-Buyer.  However most fees amount to several percent more than what an agent fee might be.   When you add this additional charge to the already lower purchase price, the cost of convenience easily adds up to tens of thousands of dollars less in your pocket.  

Once you have an offer in hand, that isn’t the end of the process. Don’t start packing!  Next, the i-Buyer will send an employee to do an evaluation of the property and will likely then “correct” the original offer based on their opinion of the home. What was once the possibility of an easy exit strategy and quick sale might very well not be. You may now be facing the potential of costly repairs to your home  deemed  "necessary" in order to complete the purchase.  

In a more typical sale, those i-Buyer-required repairs may or may not be necessary to complete your sale.   In the Cincinnati market, we are currently experiencing a market of historically low inventory.  Our team has been successfully negotiating multiple offers on our listings and, as a result, we are helping our sellers avoid either property inspections or strongly negotiating to save you money on any requested repairs.   

If you want to say “No way!” to a LOWER sales price and a LOWER net profit from the sale of your property, call us today.  Let us show you the difference our professional representation can provide. We can make the sale of your home easier and more profitable than any  iBuyer program can!