Selling Your Home to an I-Buyer
What It’s Like to Sell Your Home to an iBuyer
Technology has changed the way we do almost everything – including how we
approach the buying and selling of real estate. One of the biggest trends is the
concept of selling to an iBuyer. An iBuyer is either an individual or investor who
offers to buy a home instantly, online, based on market value obtained through
an automated system. If you’re considering selling your home, iBuyers offer a
quick alternative to the traditional listing.
Basics of Selling to an iBuyer
The essential differences between an iBuyer and traditional listings is that there is
no real estate agent involved. The home seller simply answers some basic
questions online about home condition and unique features. The iBuyer will
consider this information along with the automated home valuation and send an
offer to the seller.
Most iBuyers will present an all cash offer and closing can occur as quickly as 7
days. There are no agents or commissions and normally the title and escrow fees
are paid for by the iBuyer as well.
Selling to an iBuyer can be a great option for older, dated homes who might linger
on the market. It’s also a terrific choice for sellers who need to sell quickly. While
sales prices are typically lower than traditional sales, there is no commission or
fees, no lender hassles and no inspections to derail the transaction.
Selling to an iBuyer is becoming more and more popular. If you’re considering a
home sale, working with an iBuyer is an alternative which can help you move
quicker and still receive a fair price.