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Should I Sell My House to Zillow, Opendoor, Redfin, or Orchard? - YouTube
Channel: Best Suburbs of Dallas
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Are you considering selling your home to
Zillow Offers,
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Every week we publish new videos on how
to buy and sell real estate
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while saving you time, money, and energy.
So, consider subscribing to our channel
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and hitting that little bell
notification so that you don't miss any
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one of our great videos.
If you're considering selling your house
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to a corporation or an iBuyer
like Zillow Offers, Orchard, OpenDoor, or
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RedFin
there are definitely things that you
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want to take into consideration some
pros and cons to weigh out.
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And, ultimately it all depends on your
goal, do you need a quick close is it a
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timing issue
or do you need to make more money so you
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can put down on your next house or
whatever you'd like to do with that
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money.
So here's what it typically looks like
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to sell to an iBuyer,
be that Zillow, OpenDoor, RedFin, Orchard,
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or Knock, or one of the others that may be
out there. The fees can range anywhere
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from
6% to 12%, plus the cost of
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repairs.
The home value that they initially offer
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you is typically an automated valuation,
it is not an
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actual market analysis and they are
typically limited on what they'll buy.
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Some will only buy newer homes, some will
only buy
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say under 300,000, some will only buy
homes that were built between say 1978
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2014, they all have their own
qualifications.
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And, typically with, say Knock, if they
can't sell your home
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and you don't agree to their price, you
may have to move back into your home
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and then, you know, you have no one
negotiating on your behalf on, in, any of
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these situations.
The only pro that we could come up with
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was maybe that you could get a quick
close,
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which typically you can also get a quick
close if you
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are lined up, if you have a partner and an
agent that has
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other investors that can buy and can
also offer a quick close and that way
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you have someone that's representing you.
--I'd like to tell you a story about a
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couple that we just helped.
See, this couple went to a builder and
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they found this house that was almost
completely built and they really loved
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it, so they went ahead and
put the money down to go ahead and start
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purchasing the home. However, the builder
was like
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they did not want to really accept their
offer
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on the house unless their house was already
under contract.
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So, they were looking at their options
and so they decided to reach out to
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one of these iBuyers or institutional
buyers to see
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how the process worked. So, they met with
them but they just
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weren't really feeling a warm fuzzy, they
just felt like something was off.
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So, they reached out to us and I was able
to come in, to be able to explain
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the pros and the cons about the iBuyer situation
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versus going to open market. And, when I
was able to show them the numbers in
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between the iBuyer offer
and versus our offer of putting it on
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the open market in the traditional
manner, we're able to eventually get them
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over
$65,000 more than what the iBuyer was
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even
offering on the deal and to top it off
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they're able to sell it
in one day. If you'd like to find out
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what is the best option for you, whether
it is
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going to iBuyer route or selling the
traditional route,
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I have a spreadsheet where I can be able to
breakdown all the fees and also look at
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what your bottom dollar is
selling either way. So, that way you can be able
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to make the best decision for you
and your family and feel very
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comfortable with whatever decision you
decide to make.
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So, all you need to do is just click on
the link below so that way we can be
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able to schedule
a free strategy session for you. --Before
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you go,
be sure and leave a comment below if we
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can answer any questions for you
about cash offers or selling to an iBuyer
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or corporation
versus selling traditionally we'll be
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glad to help you out.
And, if you found this video helpful
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please be sure and click the thumbs up
button.
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Thanks again and we'll see you next week.
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