The Cost of Dealing with an iBuyer

The Cost of Dealing with an iBuyer


Selling your home to an iBuyer would make for a quick, convenient sale, but that convenience comes at a cost.

If you’re a home seller, is dealing with an iBuyer a wise decision?

First, let’s review what an iBuyer is. An iBuyer is a company or an investor who’s looking to buy a home sight unseen. If you need a quick sale, they can seem like a convenient option because you can skip out on things like showings and close the deal in as little as seven days.

All that convenience comes at a cost, though. You see, these companies are ultimately looking to buy properties so they can then resell them for a profit, so they’ll typically make offers that are 10% to 15% below your home’s actual market value. It should come as no surprise, then, that a recent study reported that nine out of every 10 sellers reject their iBuyer offers.

If you want to sell your home quickly and still get top dollar, there are other options available to you. For example, we recently sold a home sight unseen, but we still listed it on the open market and gave everyone a chance to bid on it. We ended up attracting 16 offers and selling well over the list price.

If this sounds like something you’re interested in, don’t hesitate to give us a call so we can get started right away. If you have any other real estate questions, feel free to reach out to us as well. We’d love to help you.

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