With the speedy growth of online tools, companies are speedily building products to serve the real estate community. After all, home buying and selling will always be a thing. It's a it’s a lucrative industry, even if it does slow down from time to time.
Companies around the world are diving in to make as much money off consumers as possible.
What are they selling? The ease. The ease of buying or selling a home online. The catch? Buyers & sellers actually don’t benefit from these online quick-sale services. In fact, they could find themselves out of tens-of-thousands in cost difference.
If you’re in the market to buy or sell a home in Irvine, and are considering foregoing a real estate agent for an online service, be sure you read the fine print. You’ll often times find that you aren’t benefiting at all. Will they buy your home upfront to resell it, so you don’t have to worry about the headache? Sure, but you may have been able to get $100,000 more for your house using a Realtor like Debbie Sagorin. Can you see and purchase your dream home through said services and “save” on agent commissions? Sure, but you’ll probably be overpaying for the home anyway.
The real estate industry is heavily regulated for licensed professionals to ensure the consumer is always getting the best representation for the best savings. Many of these online services don’t require regulation and licensing, therefore, they can get away with fine print “scams.”
Although I am a Zillow Premier Agent, I must say that online services like Zillow and Trulia disrupt the real estate business. In my opinion, one thing remains certain - home buyers and sellers will always trust a human over a machine, especially if that person is chock-full of local knowledge and genuinely eager to help.
Be sure you do your research. A Realtor is there to make YOU the most money. Quick online services are focused on making their business the most money - not focused on how much you can sell your home for or how much you can save when you buy. Licensed professionals exist for a reason, be sure you don’t lose more than you can afford to by using a gimmicky online service that dubs buying and selling an “easy” process.
Any good agent will make the process easy, minus general lending issues that may arise.