Instant buyer or iBuyer is a model for real estate transactions where businesses directly buy residential properties from private sellers to re-sell them, eventually. Selling a house can be quite a complex affair.
To put it simply, an iBuyer is an organization that uses technology to make an instant offer on your house. These organizations have revolutionized the manner in which people are selling and purchasing houses. In many cases, they offer a more convenient and simpler alternative to the traditional real estate sale.
The manner in which an iBuyer function varies, and yet the underlying concept remains the same. A business estimates your home’s value and comes up with an offer. In case you accept it, the onus is on them to own, market, and resell the house. Based on the service a client chooses, there is an assurance of a cash offer, apart from more control when you move. The good news is that iBuyer reviews appear to be encouraging for sellers.
How did iBuyers evolve?
The answer to the question is quite simple. Transactions in real estate are frequently stressful, slow, and complex. These pain points often make people impatient and frustrated. You may find it difficult to sell your home irrespective of whether you have experience in selling or are a first-time seller. After all, you have to take care of so many things, including showings, staging, and repairs, to sell your home conventionally.
The good news is that it is now easy to come across an instant online real estate buyer, popularly referred to as iBuyer. You can use their service to purchase your house for cash irrespective of them sight unseen. We have compiled a list of the top iBuyers in America. These companies offer you all the convenience and comfort to help you get bucks for your house with a few clicks, apart from deciding on the closing date.
So browse through this list of iBuyers and take your pick from them based on your budget, requirements, and features you are looking for.
1. Houzeo
The platform provides you a chance to list the seller’s house on hundreds of websites. They will charge a flat fee for this service. Houzeo also has a goal to simplify and speed up the procedure of selling houses. The iBuyer provides an array of attractive packages and caters to diverse requirements.
Houzeo uses design thinking and cutting-edge technology to create an effortless and convenient listing experience for owners who wish to sell their homes by themselves. Sellers can save as much as 3 percent on listing agent commission as there is a flat fee. You cannot enjoy such savings while opting for an iBuyer, such as Opendoor.
The iBuyer is present in most American states apart from South and North Dakota, West Virginia, Nebraska, and Kansas. Except for these few states, people can use Houzeo in all other places in the United States. You can check out Houzeo reviews to know more about them.
2. Offerpad
Offerpad started its operation in 2015 but is the country’s second-largest iBuyer. Some real estate professionals joined hands to start the business. They had a vision of reducing the uncertainty and stress of selling people’s homes. The mission of the Offerpad is to help the sellers move freely. Go through the Offerpad reviews to get an idea about what their customers feel about the service.
The instant buyer runs a program, which is the nation’s 2nd largest and provides competitive pricing for buying your house for cash. Its head office is in Chandler, AZ, but they run the program nationwide. At present, it offers cash for houses in the cities listed below:
· Phoenix, AZ
· San Antonio, TX
· Tucson, AZ
· Houston, TX
· Birmingham, AL
· Dallas-Fort Worth, TX
· Jacksonville, FL
· Orlando, FL
· Austin, TX
· Tampa, FL
· Las Vegas, NV
· Atlanta, GA
· Raleigh, NC
· Charlotte, NC
3. Orchard
This iBuyer program started in 2017. It has the vision to eliminate the uncertainty and stress that have become a part of selling a house or purchasing a new one. Orchard is an instant buyer program, which helps you to purchase a new house even before selling your current house.
The aim is to help you in purchasing your new house without fretting about the challenges of selling your current house first. The iBuyer program of the Orchard is basically a model for home trade-in. You have to simply hunt for your dream house and Orchard will purchase it in cash for you. It will be a cash transaction while giving you the benefit in a competitive market. Orchard will sell your old house for you then.
How much it will offer will be based on several factors. These include your home size, the condition of your home, location, and prevailing market conditions. The iBuyer takes into consideration the details you share about your house, recent sales in the locality where you live, and complimentary home inspection. It then offers a fair estimate of your home value.
4. Opendoor
It is the largest iBuyer in the country, apart from being the leader in the iBuying model. The company started functioning in 2014 to solve the timing problem of selling an existing house for purchasing a new home. The company offers the freedom to sellers to transact with ease.
The iBuyer functions by first ascertaining your home’s current market value. It then offers you cash to purchase your home. In case you decide to agree to their offer, the next step would be to fix the closing date. You have to close the deal within 60 days. You can also choose to list the house on the open market. The program can also assist you in doing that.
The number one iBuyer in America it sells and purchases homes in the cities listed below:
· Atlanta, GA
· Tucson, AZ
· Austin, TX
· Tampa, FL
· Charlotte, NC
· San Antonio, TX
· Dallas-Fort Worth
· Salt Lake City, UT
· TX, Denver
· Sacramento, CA
· Houston, TX
· Riverside, CA
· Jacksonville, FL
· Raleigh-Durham, NC
· Portland, OR
· Phoenix, AZ
· Nashville, TN
· Orlando, FL
· Minneapolis-St. Paul, MN
· Los Angeles, CA
· Las Vegas, NV
The kind of cash you will get from the sale will be based on several factors. These include your home’s age, size, and location. Other factors include prevailing market conditions and comparative sales. Opendoor uses assessment algorithms and industry data to assess the value of your home. Make sure you go through some of the Opendoor reviews to get a better idea of the customer satisfaction level.
