Published January 23, 2019

Why Online Home Buying and Selling Services May Cost You More

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Written by Grider & Peterson Real Estate Team

Couple looks at a new home with a real estate agent.

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The rise of online tools has dramatically impacted the real estate industry, with many companies offering quick-sale services for buying and selling homes. It's no surprise—after all, real estate is a lucrative industry, and companies are eager to cash in on the opportunities. But before you consider skipping a real estate agent in favor of these services, it's crucial to understand the potential downsides.

The "Ease" of Online Services: The Catch

These online services advertise the convenience of buying or selling a home quickly and easily. They claim to simplify the process, and while they do remove some of the traditional hurdles, there's often a hidden cost. In fact, many times, you end up losing out on tens of thousands of dollars.

As an example, you may think you're getting a fair deal when an online service buys your home upfront—cutting out the headache of waiting for offers. However, you could have made $50,000 more by working with a Realtor. The same goes for buying a home. These services might offer lower agent commissions, but you could end up paying above market value for the property.

Why a Realtor is Your Best Advocate

At Grider and Peterson Real Estate, we know that the real estate industry is heavily regulated, with licensed professionals like ourselves ensuring that you get the best possible representation and savings. Online services, however, don’t require the same regulation, which means they’re not bound by the same standards and can get away with hiding critical details in the fine print.

A Realtor’s job is to make sure YOU get the best deal, whether you’re buying or selling. Our team is focused on maximizing the value of your home and ensuring you don’t leave money on the table. In contrast, online services are motivated by profit, not your financial benefit.

Do Your Research: Avoid Gimmicky Services

It’s easy to get caught up in the idea of an "easy" online transaction, but remember: any quick-fix service has its drawbacks. Research the fine print thoroughly before jumping in. A Realtor is here to guide you through the process, help you avoid common pitfalls, and make sure you get the best deal possible.

A Realtor Makes the Process Easy—Without the Gimmicks

At Grider and Peterson Real Estate, we pride ourselves on making the buying or selling process as seamless as possible. While there may be challenges along the way—such as lending issues or negotiating hurdles—we’re here to make sure you don’t lose out on your home’s true value.

By working with a trusted professional, you can rest assured that your real estate experience will be both smooth and profitable.

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