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Life In Northern Virginia Blog & Podcast Content/homeowner/What is an iBuyer and how can it benefit sellers in 2023
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What is an iBuyer and how can it benefit sellers in 2023

Wednesday, November 30, 2022

iBuyer Defined:

iBuyer stands for (Instant Buyer).  Anyone with a large bank account willing to put offers in cash to purchase a property could be considered an iBuyer. Any large investor, hedge fund, group of investors, company with reservers to purchase real estate or organization dedicated to purchase real estate is considered an iBuyer.

iBuyer companies are businesses that specialize in quick real estate buying. When you offer your property to them, they'll do a quick evaluation. Once it meets all their requirements, they bring a cash offer you can accept or reject.

  • ​Redfin Now iBuyer program
    ​ "Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it cuts expenses in response to a slowing housing market"
  • ​Zillow iBuyer program
    ​"Zillow is getting out of the iBuying business and will shut down its Zillow Offers division" 2022
  • ​Offerpad
  • Opendoor
  • ​We Buy Houses
  • ​We Buy Ugly Houses
  • Express Offers
  • ​Fly Homes
  • ​Home Lister
  • ​Homeward (only 5 states)
  • ​Ideal Agent
  • ​Keller Offers
  • ​Homie
  • ​Orchard (only 6 states)
  • ​Real Sure (only 10 states)
  • ​REX ​(only in 16 states)
    ​Rex has a law suite with NAR right now about lying to consumers
  • Ribbon (only 11 states)
    Nov 2022, Ribbon suspends cash offer service
  • Upnest (acquired by Move.com in 2022)

As a contributor to real estate news sources our team has been watching these companies go in and out of business over the last 5 years.  They do serve a purpose and we believe that sellers and buyers can benefit from them.

So how do you choose which program to use?

"What if you didn't have to choose.  What if you could post your home address and all of the retail investors could see and bid on it and YOU CHOOSE based on the price and terms they are offering, who you want to go with to purchase your home. (just like reviewing multiple offers from local buyers on your home)."

As a contributor to real estate news sources our team has been watching these companies go in and out of business over the last 5 years.  They do serve a purpose and we believe that sellers and buyers can benefit from them.

As a contributor to real estate news sources our team has been watching these companies go in and out of business over the last 5 years.  They do serve a purpose and we believe that sellers and buyers can benefit from them.

Offering Virginia Homeowners MULTIPLE OPTIONS when selling, one of which is accepting a cash offer from any number of iBuyers listed above without having to sign up or commit to any of them.

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On The Open Market

  • ​Full Service With An Agent
  • ​30-90 Days To Close
  • ​Potential For Bidding Wars
  • Access To Local Market Expertise
  • ​Low Stress With Dedicated Guide
  • ​Top Negotiators On Your Side

Get A Cash Offer

  • ​Multiple offers in seconds
  • ​Moving date with certainty
  • ​Close in 14 days
  • ​Skip showings & repairs
  • ​Get cash to buy your next home
  • ​Eliminate double mortgages

Sell Now, Move Later

  • ​Transitional way to move
  • ​When building a new home
  • ​When relocating for work
  • ​Want to access home equity
  • ​Time to build up your credit
  • ​Rent for up to 12 months

Renovate  First Then Sell

  • ​Fix it then list it
  • ​Zero due until closing
  • ​Sell for more
  • ​Help with renovating
  • ​Receive cash now + profit

Sell Home As NFT

  • ​Sell your home faster
  • ​Same day transaction recording
  • ​Accept Cash or Crypto
  • ​Utilize blockchain technology
  • ​Secure closing

Help Me Decide

  • ​Still deciding on your timeframe
  • ​Want a cost analysis first
  • ​Thinking of selling yourself
  • ​Selling for a family member
  • ​Need to talk on the phone
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Hi, I'm Cheryl

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