No Showings. No Open Houses.

    There are a lot of companies out there offering to buy people's houses directly. Companies like Zillow, Opendoor, and Offerpad tell you that they will send you an offer and you can pick when you close, no hassle. But is this a good deal? You may actually be losing thousands.

    When a Seller reaches out to these companies out to get an offer on their home, the initial offer is not where it may end up at. For starters, the initial offer is without the company even viewing your home. Even though they ask for pictures of the home and they encourage to send as many as possible, they still, like a traditional sale, will request an inspection be done. From there you will start seeing the Net of the Sale go down. These companies will deduct any needed repairs from the offer price, and they will also deduct commissions and closing costs. 

    It is important for Sellers to do their homework before they decide to go that route. This can save you thousands of dollars. These companies are out to make money. They represent themselves and not the Sellers. Opposite from hiring a Real Estate professional to represent them. When Sellers hire a Real Estate professional to represent them, they are also representing the Seller's best interest. Why is this important? Well, the "No Showings. No Open Houses." companies will most likely offer the lower end of what a Comparable Market Analysis (CMA) gives them, fix the house, and then sell it for the higher end of the CMA range. This is money the Seller is missing out on, so doing a CMA of the property is always best before accepting an offer from one of these companies to ensure you will not be losing thousands on the sale.