Looking to sell your home to an iBuyer? In this video, I talk about how selling your home to an iBuyer will cost you more money than using a typical Real Estate Agent to sell your home.
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What is an iBuyer? – an iBuyer is essentially an online company that buys homes directly from the consumer and bypasses the real estate agent. These are for profit companies like Zillow, Offerpad and Opendoor.
How does iBuying work? Basically the consumer goes online and types in their home address to one of these websites and the company makes them an all cash offer on their home. iBuyers make their money on the spread between what they buy your house for and subsequently turn around and sell it for. So, they want you to sell your place as cheaply as possible
Is selling to an ibuyer worth it? No, as a seller you should definitely interview a real estate agent to get a real valuation of your home and what it would realistically sell for before ever considering an offer from an iBuyer. In my experience, most iBuyer companies offer you significantly less money than your home is worth and then charge you absorbent “transaction fees” on top of it netting you way less money than selling your home with a realtor.
If you are considering selling your home and have questions, please comment below or contact me directly. If you are out of my local market area, I will happily refer you to a knowledgable real estate agent in your market area.
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Other videos you might find helpful:
What is an iBuyer? – https://youtu.be/fq0c9NNlGnk
How Does Opendoor work? https://youtu.be/iV-eCyJ0dCI
December 2019 Real Estate Market Report – https://youtu.be/SVOR___lS14
How to Sell My Home for Top Dollar – https://youtu.be/tN74XLbYWsk
What’s the first step of the home buying process? – https://youtu.be/8Z1VSzxYWBM