Our team combed through thousands of customer reviews, interviewed company representatives, and spent months studying trends in the iBuying space. Our in-depth iBuyer reviews provide a fair and balanced view of the major companies in the industry. These are our top picks!
Selling to Redfin Now lets you avoid the stress and hassle of a traditional home sale. But that convenience comes at a price. Here’s what you should know.
iBuyers are companies that extend instant cash offers and flexible closing dates to sellers. They’re usually tech-centric and use data analytics to value properties — and they’re backed by investors, so they can afford to buy up a lot of homes.
Opendoor uses a proprietary algorithm and public records to value homes and make quick cash offers with the backing of large amounts of venture capital. Once they’ve made minor repairs, Opendoor resells these homes on the open market.
Opendoor is the country’s largest iBuyer. Although new competitors have entered the market, it still completes nearly twice as many purchases as all other companies in the space combined.
However, just because Opendoor is the leading iBuyer, that doesn’t mean it will always be your best choice.