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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)."

www.cashoffersvirginia.com

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

Call Us

(703) 216-1491

Email Us

hello@cherylspanglerteam.com

Hi, I'm Cheryl

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