The Share This column in the redesigned Texas REALTOR® magazine gives you a one-pager you can share with consumers online or in person. The December column explains to your clients why “instant offers” from services such as Zillow or Opendoor may not be the best deal for them. Download the one-page column to share.
Instant offers are nothing new. Wholesellers have been doing this for years and years. Looking for distressed sellers to buy homes under market price, to fix and flip or rent. For it to work, they must make a profit. For the buyer at the end of the transaction it is a classic “buyer beware” situation. More often then not, Investors pay too much for these properties. They have to minimize investment in repairs to make these deals work. To obtain a steady flow of wholesale properties they have to put “perfume on some pigs”. Consumers must become aware of hidden… Read more »
I don’t feel the need to acknowledge these companies, let alone defend my services against them. Tod is right – these are just glorified wholesalers with a bigger marketing budget. Once most sellers get the “offer price” and see the associated fees, they will quickly realize they are better off selling and being exposed on the open market with the assistance and expertise of a professional like a Realtor.