What are iBuyers, and should you sell your home to them?
Should you consider using an iBuyer? An iBuyer is someone who makes you an offer on your home without seeing it first. It’s commonly a cash offer and you can close whenever you want. Companies such as Opendoor, Knock, and Zillow will make you a quick offer.
I think that is wonderful in certain circumstances, such as if your home needs a ton of work or has a quirky layout. That’s an excellent opportunity to sell your home to an iBuyer because it’s going to be difficult to sell that house otherwise for the value other homes are getting in your market. Another reason to do it is if you need cash fast or wish to sell your home quickly.
However, they frequently offer far less than you would receive if you were placing your home on the market. When we put a home on the market, we can usually get you an offer within hours anyway, often from iBuyers. We can also help you evaluate those offers and help you decide whether to move forward with them or put your home on the market to get greater value.
If you have any other questions about iBuyers or real estate in general, please feel free to give me a call or send me an email. I look forward to speaking with you!