Woodbury MN – What You NEED to Know About 48-Hour Cash Offer Advertisements for Your Home

John Durham is a licensed WI/MN real estate Broker with extensive real estate industry experience. He has taken it upon himself to perform considerable research on iBuyer companies (such as Opendoor) around Woodbury, the Twin Cities, and Western WI. Many of you have heard advertisements or received letters in the mail with 48-hour cash offers for the sale of your home.

John believes there could be some disingenuous information about these cash offer advertisements which may be misleading to consumers. He is passionate about protecting and educating the public regarding these iBuyers companies and their Agent Partners and what their mission may be about.

If you want to understand what is transpiring with these iBuyer cash offers, consider contacting John Durham and signing up for his real estate classes to educate yourself. Get a full understanding on iBuyers and their Agent Partners practices and whether you should work with an iBuyer or go the traditional broker/agent route when selling your home.

Below is an outline of what John will be teaching in his 2-hour classes:

1. What exactly is an iBuyer?
2. What is the difference between an iBuyer and a traditional brokerage company/agent?
3. Are there differences between iBuyers and traditional home flippers?
4. If an iBuyer purchases your home and flips it quickly, where is the profit for them and their investors?
5. What are the true costs of using each of these types of organizations and how do they compare to traditional agent commissions?
6. What would your likely net proceeds be with an iBuyer program?
7. What does the lack of representation in the transaction mean to you as a homeowner?
8. What is the difference between the iBuyer program’s Automated Valuation Modeling (AVM’s) vs. traditional real estate agents’ market analysis?
9. What percentage of homes qualify for an iBuyers cash offer?
10. What are all the disqualifying factors that iBuyers have that prevent homeowners not qualifying for the 48-hour cash offer?
11. How iBuyer’s inspection (called ‘assessment’) of your home with their ‘Estimator’ may significantly affect your net proceeds after your original agreed sale price.
12. How is your personal data being used? Once you agree to the Terms of Service, what is all the legal verbiage and its impact on you – the consumer?
13. How buyers of iBuyers companies are buying a property on an AS IS, WHERE IS basis with all its faults without representations, warranties or covenants, express or implied. What does this mean to you?
14. What does the 30-day guarantee mean and how likely are you able to “return” the property?

John Durham has an education degree; coupled with extensive training as a licensed real estate broker in both WI and MN, and feels it is imperative the public is made aware of the apparent practices of iBuyers. He hopes to educate the public and then let them make their own informed decision on what is best for the sale of their home.

John will be holding monthly training classes starting at 6:00 pm to 8:00 pm at the Durham Executive Group office on the 3^rd Tuesday of each month. Should you want to attend contact John Durham at 651-231-2191 to register in advance. *Advance registration is required to attend the training class.

 

*This is a consumer-driven class series not intended for licensed real estate agents (or professionals such as loan officers, processors, and title).