Here are the advantages and disadvantages of selling to an ibuyer.
iBuyers are skyrocketing in all of the major metro cities throughout the United States—Phoenix, Atlanta, Raleigh and even Charlotte now have joined the bandwagon.
In case you don’t know, ibuyer stands for instant or institutional buying. Simply by going to a website and entering your property address, you can have an instant cash offer from several of the big box buyers companies, such as Opendoor, Redfin, and Zen Castle, within a few hours or so.
Some advantages by going this route include not having to do any showings. This takes the guesswork out of listing, and you won’t have to worry about your home sitting too long on the market. Also, ibuyer programs let you close when you want. This can be very beneficial if you are building a new-construction home and are unsure of when it will close.
However, a lot of times the offer you get from an ibuyer is subpar compared to what you’d get if you listed your home on the market and worked with an agent. You’ll typically get anywhere from 90% to 95% of market value on your property by selling to an ibuyer.
“The ibuyer program lets you close when you want.”
If you want to take this route, we want you to know that we have our own ibuyer program. Give us a call or send an email so we can present two options for you: You can go the cash offer route where you can have the freedom to sell on your terms and be guided by an agent like myself, or you can have a traditional meeting with me to outline what you would get if you took the property to market so you know what to expect.
No matter which route you take, if you have any questions at all, just give us a call or send an email. We look forward to hearing from you!
