Guaranteed offers may sound like a great deal depending on your situation and needs. However, they aren’t always the best option. Glenn Phillips, CEO of Beach Homes Realty, explains why Beach Homes Realty does not promise guaranteed offers.
- “Guaranteed Offer” Does Not Equal “Full Price Offer.” If you’re looking to get the maximum return on your house, guaranteed offers might prove to be disappointing. Guaranteed offers rarely provide you with a full-price offer.
- Fine Print Matters. The fine print can be very detailed with fees and transaction costs taken away from the final offer. While it may not be malicious, the fine print reveals the true nature of guaranteed offers.
- Wholesalers. Additionally, real estate agents often make agreements with wholesalers to buy the house instead of themselves. These wholesalers and real estate agents have a business plan to buy your house.
- Good for Seller or “Bait-n-Switch?” With guaranteed offers, you may think you’re getting a guaranteed number, but the agreement often has additional work and other clauses for you. These offers can be great if you aren’t concerned with money, but you may want to reconsider after evaluating your goals.
- Time Frame. Consider how quickly you want to sell your house. Some guaranteed offers don’t take effect until a few months or a year, so these aren’t ideal if you’re looking to sell quickly.
- Financial Goal. Most beach home sellers have a financial goal in mind, which rarely aligns with guaranteed offers. Beach Homes Realty aims to help sellers reach their financial goals, and guaranteed offers typically never give those.
At Beach Homes Realty, we want to meet and understand our sellers and set a plan that fits their needs. Additionally, our buyers come from across the nation, changing the dynamic of having to lean on guaranteed offers. Be sure to visit beach-homes.com to connect with an agent ready to help you meet your financial goals.