We will pay instant cash for your home!
The concept has been around for years.
Want to sell your home fast?
Who buys ugly houses anyway?Here’s the process behind those roadside signs.
Theres usually someone willing to buy it as long as youre willing to take less than market value.
What Is an iBuyer?
The iBuying model is based around these companies making a quick profit.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
Thats $10,000 to $20,000 on a $200,000 home.
Those fees do not include taxes and closing costs.
Did you know?
They also avoid buying houses built before 1960, though some may purchase homes that were built before then.
They also avoid properties with short sales, foreclosures, in flood zones or that require major renovations.
Market Availability
iBuyers typically focus on metropolitan markets.
In 2021,Offerpadexpanded to 1,500 locations in 21 different U.S. markets.
If you choose an iBuyer, be aware of that opportunity cost.
Move-in Ready
iBuyers tend to focus on homes that need minimal repairs.
That means, on the buyers end, these homes should be in great shape.
Its still a good idea to get ahome inspectionjust to check that youve covered all your bases.
This one stop shop feature allows for faster approvals and closings for a more streamlined mortgage process.
You simply sell your home to the iBuyer, and they take care of the rest after youre gone.
You dont really have the cash to buy a new home until you sell your old home, right?
But you still want to look for that new home to get an idea of whats available.
And what if you find that perfect house before youve sold your old house … what, then?
This is even more complicated if youre making longer moves to different states or across the country.
An iBuyer takes all those variables out of play.
Very Predictable
You know youre going to get an offer.
You know when youll get an offer, and when youll have to move.
You know exactly when the movers need to arrive.
You dont have to worry about the purchasers refinancing falling through.
The iBuying process is very clear cut and takes a lot of stress out of the selling process.
Theyll tell you they offer fair market value, but its hard to really know if thats true.
So, usually, youll be accepting a lower offer than if you sold through a real estate agent.
Also, after you accept an iBuyers offer, theyll do an assessment on your house.
Any repairs needed could be taken out of the final sale price.
Should You Use an iBuyer Instead of a Real Estate Agent?
Thats a question only you’ve got the option to answer.
Youll likely enjoy the convenience an iBuyer offers, but that will come at a price.
Do your research and weigh the pros and cons to determine if an iBuyer is right for you.
Robert Bruce is a senior writer for The Penny Hoarder.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
