When you’re selling your house, MY GOAL is for you to make as much money as you can, as quickly as possible, and with the least amount of interruption to your life. Your goal, too, right??
So when you come across an “iBuyer” company that offers to buy your house for fair market value without putting it on the market and not paying real estate commissions, it can sound super appealing.
The problem is that going that route doesn’t necessarily make you as much money as possible!
The Federal Trade Commission (FTC) has confirmed all of that and more when they took action and imposed a $62 million fine against the online home buying firm Opendoor Labs, Inc., for misleading sellers and “tricking them into thinking that they could make more money selling their home to Opendoor than on the open market using the traditional sales process.”
If you are considering this, let me give you my two cents. It can save you a lot of headaches.