The real estate market is constantly changing, and with the advent of technology, new players have entered the field. One of these players is the iBuyer. iBuyers are companies that use technology to make instant offers on homes and close quickly. They are known for their convenience, speed, and ability to offer cash for a home, but how do they differ from traditional real estate investors? In this blog post from We Buy Houses Cash Dallas, we’ll discuss seven ways an iBuyer is different from a “Dallas real estate investor.”
1. Purpose
The primary purpose of an iBuyer is to buy and sell houses quickly. They use technology to provide instant offers and close quickly. On the other hand, traditional real estate investors, like We Buy Houses Cash Dallas, who are Dallas Real Estate Investors, focused on building relationships and helping people in difficult situations.
We understand the challenges that homeowners face when they need to sell their homes quickly. Whether it’s due to financial difficulties, emotional circumstances, or any other reason, we are here to provide solutions. Our genuine care and commitment go beyond making a quick profit – we are dedicated to helping people transition to the next chapter of their lives.
2. Financial Backing
iBuyers, like Zillow or Open Door, are supported by well-established corporations and have access to substantial financial resources. This advantage enables them to deliver expedited cash offers and swiftly finalize property transactions within a few days.
Alternatively, traditional real estate investors in Dallas, may not possess comparable financial capabilities, but they excel in offering innovative solutions to aid homeowners in selling their properties promptly. We do have many Private Lenders who wire transfer money to our Title Company when we are ready to buy a house. We are able to to you from Cash offer to closing in as little as five days, or you pick the closing date, either way we pay the closing cost.
3. Speed of Transactions
iBuyers are known for their speed. They use technology to provide instant offers and can close on a property in a matter of days. Traditional real estate investors in Dallas, may take longer to close on a property, but they can provide creative solutions to help homeowners sell their homes quickly.
We can perform what is called a Subject to current Mortgage (Sub2), where we contract to buy a house under it’s current mortgage and close in as little as five days, or we sell that house fast to another investor, or private buyer who wants to live in the with their family. This only one type of purchase sale agreement the iBuyers cannot perform.
4. Offers
iBuyers offer cash for a home, which is appealing to homeowners who need to sell quickly. However, the offer is often lower than what a traditional real estate investor in Dallas, like We Buy Houses Cash Dallas, would offer. We Buy Houses Cash Dallas, takes the time to understand the homeowner’s situation and provides a fair offer that takes into account the current market conditions and the homeowner’s needs.
We have found that many times homeowners have gotten themselves into a financial jam with their mortgage. Some need to perform what is called a ‘Short Sale’ which does involve their lender. Due to a foreclosure notice, they can either pay off the amount of monthly payments they late, or sell the house. by calling us, we can help them get the sale amount approved, as it is usually a smaller amount then the monthly pay off amount. With this, a buyer or real estate investor must know how to present the offer to the lender for approval.
5. Fees and Commissions
iBuyers charge fees and commissions that are often higher than what a traditional real estate investor in Dallas, would charge. This is because iBuyers offer convenience and speed, and homeowners are willing to pay for those services. Traditional real estate investors, charge fair fees and commissions and are transparent about their costs.
We Do Not charge any fees or commissions to our clients, PERIOD!
6. Personal Touch
iBuyers rely on technology to provide instant offers and close on a property quickly. This means that there is little personal touch involved in the transaction. A traditional real estate investor in Dallas, like We Buy Houses Cash Dallas, does not charge any fees or commissions and takes the time to build relationships with homeowners and provide personalized solutions to help them sell their homes quickly.
7. Local Knowledge
iBuyers may not have the same local knowledge as a traditional real estate investor in Dallas, like We Buy Houses Cash Dallas. We Buy Houses Cash Dallas, is a local company that has been buying and selling homes in Dallas for years. We understand the local market and can provide insights and expertise to help homeowners sell their homes quickly and for a fair price.
iBuyers and traditional real estate investors differ in their purpose, financial backing, speed of transactions, offers, fees and commissions, personal touch, and local knowledge. While iBuyers offer convenience and speed, traditional real estate investors, like We Buy Houses Cash Dallas, offer personalized solutions and genuinely care about helping people in difficult situations. If you’re a homeowner in Dallas and need to sell your home quickly, consider working with We Buy Houses Cash Dallas, to get a fair offer and personalized service. If you need to sell your house in Dallas to a real estate investor, who understands your situation. Find out how We Buy Houses Cash Dallas, can help. (214) 723-1304.
