iBuyers offer cash payment on a lightning-fast timeline and, unlike the mildly unsavory cash buyers who put up “We Buy Houses for Cash!” signs next to highway off-ramps, present a modern, hi-tech image straight out of Silicon Valley.
However, you’ll likely pay a premium for the convenience that iBuyers offer. In addition to the service fee, you should also be aware that the offers they provide will likely be less than what you can get on the open market.
Selling a house takes time, even in the hottest market— the average time for the traditional home sale from listing to closing is 70 days. Going through the traditional home sale process with an agent and buyer usually results in the highest overall net profit. But what if you can’t wait 70 […]
You’ve probably seen their online ads, or their fliers, or even the signs nailed to utility poles around town: “We Buy Ugly Houses,” followed by a phone number. But what is “We Buy Ugly Houses”? Is it a scam? And if it’s legitimate, how much does this company actually […]
Opendoor is one of the leading iBuyers in the U.S. Qualified sellers who work with Opendoor can expect a sale that is fast and convenient; in fact, most properties receive a cash offering within 48 hours, and can close in as little as 14 days. The main benefit of using Opendoor instead […]
How much time does it take to sell a home? The National Association of Realtors (NAR) says that on average it takes just under a month to get property under contract once you list it for sale. Mortgage data firm Ellie Mae reports that it takes around 46 days to close a […]