I-Buyer Matching Services
We keep YOU in CONTROL: An iBuyer is a Real Estate INVESTMENT COMPANY that uses technology to make an offer on your home instantly. How iBuyers operate varies, but the underlying idea is that the company estimates the value of your home and makes an offer. If you accept, they take on the burden of owning, marketing, and reselling the home. Depending on the service you choose, the benefit is the certainty of an all-cash offer and more control over when you move.
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How iBuyer Offers Work
Step one
Allow a VPR licensed real estate consultant to visit your home to take pictures and complete a property condition report.
Step two
VPR will submit your pictures and property condition report to three or more of the top iBuyer investors in the country which include Opendoor, Offerpad, Zillow, and other local all cash investors.
Step three
Within 2 to 3 business days the all cash offers are usually back which are then reviewed by you and your VPR agent.
Step four
Next your VPR agent will prepare a net sheet report for you comparing all the iBuyer offers with what you could expect to net if you were to go the traditional listing route. The iBuyers present their offers in different ways which makes it difficult to understand your bottom line net proceeds without the help of an experienced licensed agent.
Step five
If you decide to accept one of the iBuyer offers you can usually negotiate a closing date anytime between 2 weeks and 3 months. Knowing your net profit you can then place an offer on another home which could close the same day as your other home closes making for an easy cash flow transition.
If you choose to go the traditional listing route and want to move out and buy another home before getting an offer on your first home, there are lease-purchase investors that will buy your new home for cash and then lease it back to you. They will then let you buy your new home after your other (old) home closes.