You’ve seen the signs all over town! You’ve even talked to people who’ve sold a home to Offerpad, Open Door, Purplebricks, etc. Does it sound too good to be true? Of course it does and here’s why:
Offer Pad and companies like them will buy your house and let you choose your close date, that’s true. But what they don’t tell you about is all the fees they charge. In short, they write you a competitive offer and then charge you HUGE fees, considerably more than the 6% industry standard. By the time you add up all these extra fees, you will walk away with about 85% of the fair market value of your home. If your home is worth $400,000, you will only NET around ~$340,000. It’s like stealing so please do NOT use these sharks!
If you are really in a jam and need to sell fast, *I’LL BUY YOUR HOME from you and you’ll get a much better price AND I’ll still let you choose your closing date and pay your closing costs.
*Certain restrictions apply