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    Selling Tips

    What is an iBuyer and How Does it Work?

    2 years 10 months ago I 0 minutes read I 123 Views

    Renee Tulliani
    <p class="" style="white-space: pre-wrap;" data-pm-slice="0 0 []"><span style="font-family: verdana, geneva, sans-serif;"><img style="display: block; margin-left: auto; margin-right: auto;" src="//s3-us-east-2.amazonaws.com/dealty-prod/uploads/files/000/003/834/original/download_%281%29.png?1601032202" alt="" /></span></p>
    <p class="" style="white-space: pre-wrap;" data-pm-slice="0 0 []"><span style="font-family: verdana, geneva, sans-serif;">Though it is not a new concept, most homeowners looking to the seller of their home have not yet heard the term <a href="https://ibuyer.com/">ibuyer</a>, or maybe they have and they are just not exactly sure what it means. You may have seen or heard a commercial about companies that will buy your home directly from you, enticing you to skip the hassle of listing, showing, and selling your home the traditional way.</span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;"><strong>That is exactly what is now referred to as an ibuyer.</strong></span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;">The ibuyer concept started many years ago, but they were not very prominent in the market up until a few years ago when a handful of them quickly expanded into many cities and states. And now many other companies have decided to take part as well. Many <a href="https://www.investopedia.com/terms/b/brokerage-company.asp">brokerages</a> now have an option to purchase your home and even Zillow has gotten in on the action with their Zillow Offers division. So with many to choose from, if you are considering using an ibuyer, it would be beneficial to request an offer from more than one or even all of them in your area. With most having very easy to use websites, they have made their offer process as convenient and simple as possible. Just keep in mind, once you provide your information and interest in selling, you are opening yourself up to sales calls.</span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;">An ibuyer will purchase your home from you directly, usually as is (no repairs for you to complete) and they can be very flexible on the closing date, allowing you to choose what is convenient for you.</span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;">An ibuyer is a great option for many people, perhaps for someone that has never occupied the home, or for someone who is needing to <a href="https://yourdealty.com/">sell the home quickly.</a> The pros to using an ibuyer seem obvious and sound fantastic. You do not need to get your home market-ready, no potential buyer showings, no listing agents to work with or calls to take, just pick your closing date with the ibuyer company and accept the price they offer you.</span></p>
    <p class="" style="white-space: pre-wrap;" data-pm-slice="1 1 []"><span style="font-family: verdana, geneva, sans-serif;"><strong>So what is the catch and why isn&rsquo;t everyone selling their home to an ibuyer now?</strong></span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;">Because convenience comes with a price.</span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;">The cons to using an ibuyer are they are going to pay you less than the neighborhood comparable sales. Obviously, they are going to either complete some needed repairs or at minimum get it market-ready with fresh paint and possibly flooring when you move out. Then the ibuyer needs to turn around and sell it again, as quickly as they can. An ibuyer offer can typically come in <strong>8%-15%</strong> less than the price you yourself may list it for. So for example, if you were thinking of <a title="Listing your property" href="https://yourdealty.com/sign-up" target="_blank" rel="noopener">listing your property</a> for <strong>$300,000 </strong>on your own or with a listing agent, the ibuyer may offer you somewhere between <strong>$255,000 to $276,000</strong>. Keep in mind there are no commissions, so you are saving on any broker fees, which can range anywhere from 4%-7%. It is definitely a discounted price and only you can weigh the convenience with the loss of your equity.</span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;">Now the question is how to save 8%-15% which is an ibuyer is taking from you?</span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;"><strong>And the answer is Dealty!</strong></span></p>
    <p class="" style="white-space: pre-wrap;"><span style="font-family: verdana, geneva, sans-serif;"><a href="https://yourdealty.com/">Dealty</a> offers a one-stop solution to eliminate the ibuyer and sell your house yourself. All you need to do is take photos of your house and put them on Dealty. <a href="https://yourdealty.com/">Dealty</a> will show your listings to relevant buyers and only the interested people will contact you. In addition, you do not need a <a href="https://yourdealty.com/resources?tab=agent">real estate agent</a> to process the deal you can find all the required information on dealty and make the transaction.</span></p>
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    Renee Tulliani

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