Share This: Why an ‘instant offer’ may not be the best

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 or preview it below.

Share This: Why instant offers may not be best for you

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2 Responses to Share This: Why an ‘instant offer’ may not be the best

  1. Tod Franklin says:

    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 defects that come with these properties. Good representation is an imperative and consumers should not get caught up in the end-to-end, “trust me” sales proposition. Watch out for the vendor that proposes to buy your home under-priced and sell you a vendor home over-priced. That is the homerun they’re hoping for. All for convenience, of course, a very high-price to pay.

    Four instance, I can show you a property where previous flooding disappeared in the chain of “sellers disclosure” to raise the value of the property. Watch out for shoddy craftsmanship in plumbing, foundation, roofing, and elsewhere, when buying these homes. Watch out for non-material defects such as previous flooding, title defects and who knows what else. In most communities, the jurisdiction can show you if work permits have been pulled. Most often one will find permits have not been pulled and much of the work is performed by unlicensed, lower-cost, labor without inspections by code enforcement. I do not believe on a large scale you can make an ethical profit with this business model. Consumers are smart and time will prove my theory.


  2. Sharon Tzib says:

    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.


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