How does selling to an iBuyer compare to selling traditionally?
iBuyers are a hot topic in the real estate market, and it definitely looks like they’re here to stay. In fact, 5% of all properties sold in 2021 were purchased by iBuyers. We might even trend upward to the point where as many as 15% of all homes are sold to iBuyers.
So how does this affect you? If you want a quick offer on your home without having to deal with hassles like inspections, the iBuyer solution is the way to go. I could help you by getting four to five different iBuyers to make offers on your home.
Another iBuyer solution is called the bridge solution. It provides you with 90% of your house’s fair market value and allows you to stay in your property while you look for a new home. While you stay in the house, you can also use that money to make upgrades, which would in turn increase the value of your house when you sell.
But how does selling to an iBuyer compare to selling on the traditional market? Selling on the open market will net you the highest profit for your house, but it also creates the most uncertainty; you can’t control the closing date, the buyer has to secure financing, there may be appraisal issues, and inspections may complicate things. The buyer could walk away from the deal during the due diligence period, meaning you’d have to start over.
I can help you with all three of these options. If you have any questions about today’s topic or are looking to sell your home quickly, don’t hesitate to reach out to me via phone or email. I’d love to help you.
