What you need to know about instant cash offers before selling.
Have you considered an instant cash offer for your home? You’ve probably seen the ads for them all over town, and my team offers a similar service. However, recent news may change whether or not you decide to go this route.
In case you haven’t heard, the Federal Trade Commission (FTC) recently fined popular cash offer company OpenDoor $62 million for fraudulent advertising. If you’ve seen their ads, you may be wondering what was false about them. Were they not actually providing cash offers?
OpenDoor claimed they could save people money through their cash offer program as opposed to listing their home on the open market with a Realtor. This isn’t the case, however, and the FTC knows it. The bottom line is if you want to receive the highest possible amount of money for your home sale, you should list on the open market with an agent.
Our instant cash offer program will net you more money than a big company’s.
Then are instant cash offers a scam? Not quite—there are both pros and cons to the option. If you want to sell quickly with no strings attached, a cash offer program might be for you. You won’t have to declutter, make repairs, or wait for the perfect offer to come your way.
My team has a cash offer program, and we’ll get you a better deal than big companies like OpenDoor. We can do this because our investors are looking to hold onto your property for a long time and collect rent. On the other hand, companies like OpenDoor will simply list your home on the open market with a Realtor as soon as they buy it from you.
If you’d like to know what you can receive for your home from an instant cash offer or the open market, please call or email us. We are always willing to help!