iBuyers, Agents, and Local Buyers – Who’s Who When You Sell Your House in Indianapolis?

iBuyers work but aren’t local, they won’t listen to you and they sure don’t care about you or the problems you’re experiencing that have resulted in you needing to sell your house. Agents can work but will cost a lot for fees and commissions, and may take a long time to sell your house. Local house buyers, specifically 317 Home Buyers will pay you a fair price on your Indianapolis property. Plus, we’re your neighbors and we’re actually here to help you solve your problem not just sell your house. We’ll take as much time as you need to walk you step-by-step through the process and working together with us at 317 Home Buyers will make the process quick, painless, and easy!

What’s the difference between an iBuyer, Agent and a Local Buyer?

iBuyers

iBuyers are companies that buy and sell real estate through a technology platform to work directly with homeowners. These companies aren’t local so you may find that you’re dealing with someone from an entirely different state or country. How could they possibly know anything about real estate here, and how could they possibly care about solving your problem? It’s easy – they don’t. When talking with sellers we often often find that they if they’ve dealt with one of these iBuyers they feel they aren’t being listened to when it comes to their individual questions and concerns (and surprise! if you need to sell your house you probably have questions AND concerns that you need addressed). These iBuyers are looking for properties all over the country in very good condition with minimal or no repairs needed. If the property does need repair, they will often offer far less for the house, or require the seller to make the repairs before closing, in order to avoid extra risk. iBuyers are focused on high volume and less profit per unit. Working with an iBuyer is a very cut and dry process; they have standard procedures for acquiring properties and are usually not willing to deviate from that. Their approach is quite impersonal and in our experience has a tendency to leave (former) homeowners with a bad taste in their mouth after selling their Indianapolis home, which is sometimes called seller’s remorse. 

How About a Local Real Estate Agent?

Using a Real Estate Agent 

Agents are paid based on a percentage of the sale price when you sell your house; additionally there may be other fees and costs associated with selling through a real estate agent. When you sell your house on the market using a real estate agent, buyers will almost always order an inspection of the property. If they find something wrong with the property, they may require you to fix it out of pocket before the property closes. Then there are the frustrating, middle-of-dinner phone calls asking if you are available to show your house. It will also be necessary to leave your house spotless every day before heading to work, just in case there is a showing while you’re gone. And let’s not forget about COVID cleanup after the prospective buyers have gone through the house, with however many buyers it may take for your agent to sell your house. Traditional house purchases also typically require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.  This is the most typical way to sell your house (if it’s truly in good condition) yet it certainly doesn’t come without its own particular costs and headaches.

So…Local House Buyers?

Local Buyers

Local House buyers typically do not charge fees, and if they do, it is extremely low in comparison to selling your house on the market. 317 Home Buyers NEVER charges you any fees at all to sell your house. By avoiding a real estate agent, there will be no commissions for you to pay to a buyer’s or your own agent. That means potentially thousands of dollars in savings! Additionally, we here at 317 Home Buyers pay for all the closing costs too, so you don’t have to worry about how much that may end up costing you either.

Local house buyers tend to make all-cash offers with quick acceptance time frames yet we do have inspection time periods similar to local buyers that work with real estate agents. We generally hire an inspector or send a contractor to look at your house, and request a price reduction for repairs needed. The difference is that we can typically get the repair done cheaper than the average consumer so we don’t need massive price reductions or for you to pay up front to get some extensive repair done. That’s where the knowledge of house repair and the relationships we’ve built with contractors and suppliers allows us to make competitive offers to buy your house.

Local buyers like 317 Home Buyers also tend to close quickly since we aren’t waiting around for a conventional bank to finance the purchase of your house. Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. 

Also, when you sell your house in Indianapolis, Indiana to house buyers, they will typically close faster than traditional house buyers, and usually pay full in cash.

 By selling your house in Indianapolis, Indiana to us at 317 Home Buyers, you will not have to worry about wasting your valuable time or going through a roller coaster of emotions. As local buyers, we have time to stop and listen to your individual needs.

Selling your house in Indianapolis can be simple. Call 317-449-8605 or send us a message today! 317-449-8605

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