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What Is an iBuyer in Real Estate?

What Is an iBuyer in Real Estate?

More than 5.64 million homes sell to buyers each year. Yet, home sales don't happen overnight.

It takes time to find a buyer and negotiate the deal. Then, home sellers must pay all the fees to close the deal.

However, there's a better way to sell a house. A method that doesn't involve home showings, fees, or inspections.

Are you interested? If so, you'll need to find an iBuyer.

But, what is an iBuyer, you might wonder? Keep reading this guide to learn the ins and outs of iBuyers.

What Is an iBuyer?

You can sell a house in many ways, including to an iBuyer. The term "iBuyer" stands for instant buyer. When you sell to an iBuyer, you can sell your home without the hassles of traditional sales.

So, what do iBuyers do with these homes? Most iBuyers are real estate investors. Therefore, they purchase these homes to make money.

They might resell the homes for a profit immediately after buying them. They might also flip the homes and sell them for a profit. However, they might keep the properties to rent them. 

How Does the Process Work?

People turn to instant buyers when they need fast home sales. Home sellers also like this option because it's simple and straightforward.

The first step is contacting a real estate company that offers instant sales. Next, you must provide the company with the home's details and information. 

After completing these steps, the iBuyer gives you an offer. You'll have a stated amount of time to review the offer and respond. Finally, you'll close the deal and walk away with your profit. 

What Are the Benefits?

Selling to iBuyer companies provides numerous benefits for sellers. As you can imagine, selling to an iBuyer provides the fastest way to sell your home. As a result, people who need immediate buyers turn to iBuyers.

However, that's not the only benefit. The second benefit is you won't have to worry about inspections, appraisals, or other services you normally need with a home sale. Instant buyers won't need to complete these steps.

Additionally, you'll save money on closing costs. You won't have to pay a real estate commission when closing or any inspection fees. 

Finally, you'll know how much money you'll get when you accept the offer. There won't be any fees or negotiations, so you won't have to wonder how much money you'll make from the sale. You'll know in advance.

Selling to an iBuyer offers a hassle-free way to sell your house, and you won't have to deal with contingencies, updates, or home staging. 

Are You Ready to Sell to an iBuyer?

You should now have the answers you need to the question: "what is an iBuyer?" And, you might determine to sell your house to one.

Contact us if you'd like to learn more about this process. We offer cash home purchases in Arizona and can give you an offer for your home today.