WHAT EXACTLY IS A "GUARANTEED OFFER"?
You may choose a Brokerage to list your home because you saw their ad for a "Guaranteed Offer". Your interest is piqued so you call the Brokerage. Most likely they'll give you this option but, most people will list the home with them, instead...
But they got you to call them!
Without haste, I'll just give you the deets:
A guaranteed offer will be lower than market value. The property is an investment for the buyer which may be an agent from the Brokerage or one of their investors. This is the price you pay to not have showings. In a market in which homes are selling, the average seller should not have the need a guaranteed offer. In a market in which homes are selling and you're expecing your well-earned equity, why would you accept less?
Who needs a guaranteed offer?
Sellers with homes in distressed condition that may be too much cost or work for a seller to get ready to compete with similar homes.
Sellers who need money quickly.
Heirs of a home.
Sellers who are going through a difficult time in their lives and need to get out from under the monthly costs (divorce, illness,
The buyer/agency will either keep the property as a rental or they will put a little work into it and sell it at a profit. If you have the time and money, it would be in your financial best interest to do it yourself.