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.

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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.