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PC Magazine defines iBuyer

(Instant BUYER)

A real estate company that buys homes from sellers who sign up online. After receiving a description of the property, the iBuyer makes an offer to the seller within a couple days, which may even include the cost of moving. The iBuyer process appeals to people who have changed jobs and need to sell quickly. However, the iBuyer is in business to make a profit, and the offer price is lower than the current market value of the home.

In the 2017-2018 time frame, organizations such as Zillow, Opendoor and Offerpad entered this business initially in the Phoenix and Las Vegas markets. However, nationwide coverage is expected within a few years.

The process is not entirely online. After an offer is accepted, an inspector does come out to examine the property. iBuyers purchase the homes and then sell them online as well but often at a smaller profit than regular house “flippers.” Traditional real estate brokers have also entered the field.

Top Five iBuyers

According to Moneyinc.com the following five organizations are the top ibuyers in the country.  We will go to each of their websites to find out more about them.

  1. Opendoor
  2. Knock
  3. Offerpad
  4. Zillow Instant Offers
  5. Redfin Now

Opendoor

According to the Opendoor website, the comparison between a traditional brokerage explains the difference simply.  With Opendoor you an sell your home, buy your home or trade your home.

Why Opendoor is better

Selling to Opendoor

Competitive cash offer in 24 hours
No listing, prep work, or showings
Skip the repair work and deduct the costs
Choose any close date from 10-60 days

Traditional home sale

Risk of buyer financing fall-through
Hours of prep work and home showings
Manage repairs yourself
Uncertain closing timeline

Sell your home directly to Opendoor

Get a competitive cash offer within 24 hours. Skip the hassle of listing, showings, and months of uncertainty. Choose your close date.

1. Request a free, no-obligation offer

Enter your address and tell us a little about your home. We want to hear about those new hardwood floors or granite countertops. It helps to be ready with details like your home’s age and square footage.

2. We’ll prepare a competitive offer

If your home qualifies, our local market experts will begin preparing your offer. They review sale prices of homes like yours and fine-tune your offer based on your home’s unique features and the latest market trends.

3. Review your offer

Get ready—within 24 hours, we’ll make an all-cash offer with no risk of financing fall-through. You’ll even have a dedicated Home Advisor to walk you through your offer price, associated fees, and any other questions that come up.

4. Complete your home assessment

Love the offer? Great! Now you’re ready for your free, in-person home assessment. Pick a date, and we’ll send a friendly team to check your home’s condition. If any repairs are needed, you can choose to handle them or skip the hassle and we’ll simply deduct the costs from your net proceeds.

5. Close and celebrate

You get to choose your close date, so you don’t have to move twice or pay two mortgages. After that, you move and get paid in a matter of days. We’ll take care of listing the home. You focus on celebrating.

Get started with a free offer from Opendoor

REQUEST AN OFFER

LEARN MORE

Buy a home with Opendoor

Tour homes until you find the perfect one and purchase it with as little or as much support as you want.

buy home graphic
1. Browse homes on the Opendoor app

Visit Opendoor-owned homes and unlock them from 6am to 9pm daily with the Opendoor app. In select markets, you can even schedule free, on-demand tours with a tour assistant for any home—not just Opendoor homes.

2. Get financing for your home

Buying in Texas? You’re eligible to get up to $1,000 towards your closing costs when you finance with Opendoor Mortgage.

Buying in a state other than Texas? Save up to $1,000 on your closing costs when you partner with an Opendoor Trusted Lender.

3. Make an offer

Found the perfect home? Start an offer online or right from the Opendoor app. If you have an agent, we’ll work with them. If not, an Opendoor Home Advisor or partner agent can guide you through your purchase.

4. Close and move in

All that’s left is to choose your close date and move in! In select markets you’ll even get 1% back when you work with an Opendoor Home Advisor or partner agent. If you buy an Opendoor home and decide you don’t love it, we’ll buy it back within 30 days.

​​Start browsing homes with our free app

BROWSE HOMES

LEARN MORE

Trade in your home with Opendoor

Buy and sell your home in one simple, coordinated experience. Skip the double-mortgages or double-moves, and save on fees.

trade-in home graphic
1. First, request an offer for your current home

Enter your address and tell us about your current home’s features, condition, and upgrades. If your home qualifies, we’ll make an offer to purchase it within 24 hours so you know how much you can afford to spend on your next home.

2. Find the perfect home

Visit Opendoor-owned homes and unlock them from 6am to 9pm daily with the Opendoor app. In select markets, you can even schedule free, on-demand private tours with an Opendoor partner agent for any home—not just Opendoor homes.

3. We’ll help coordinate selling and buying

Found the perfect home? Start an offer online or right from the Opendoor app. You’ll have dedicated support to help you coordinate both transactions, all the way from offer to closing.

4. Close on both homes on the very same day

We’ll help you line up your close dates so you don’t have to move twice or pay two mortgages. After that, you move into your new home and celebrate while we take care of listing your old home.

Get started with a free offer from Opendoor

REQUEST AN OFFER

source

Knock

Knock appears to do just Trade-ins.

Trade-In Your House Today

Knock will buy your new house and move you in before listing your old house.

Trade-in Types
The Simple Way to Right Size Your Home
Upgrade
Need more space? Trade-in your current house for a larger one that fits your needs better.
Downsize
Need less space? Trade-in your current house for a smaller one.
Need A Change
Trade in your current house for whatever reason and buy one that suits you better.

How the trade-in works

1. First, submit your home for a free market price estimate on Knock.com

Understand quickly how much your current house will sell for with Knock.

2. Schedule your phone consult

You will be paired with a Knock Licensed Local Expert that specializes in your neighborhood to get your questions answered.

3. Your Team of Real Estate Experts will help you find your new home

We get you fully underwritten for a new mortgage so you know how much new house you can afford.

4. We buy your new house with OUR CASH

As an all cash, non-contingent buyer on your behalf, we often win bidding wars and get an average 5% discount off the listing price.

5. Move into your new house

Move into your new house before we list your current house for sale.

6. Only pay one set of bills

You just keep paying your old mortgage and Knock will settle with you for any costs we covered on the new home when your old house is sold.

7. We manage and pay for repairs on your old house to maximize offers

We manage and pay for up to $10,000 in repairs on your old house and settle with you at closing.

8. SOLD!

We transfer your new house into your name as soon as your old house sells.

Curtesy of KNOCK

https://www.knock.com/

Offerpad

Join thousands of happy homeowners who sold to Offerpad

Offerpad will buy your home directly, allowing you to avoid the typical hassle-filled selling process.

1. Tell us about your house

Simply provide Offerpad with your address and brief details about your home’s upgrades and current condition. Pictures are encouraged, but optional.

Request a no-obligation offer!

2. Our analysts will get to work

We look at more than our powerful algorithm—we evaluate the factors that make your home special. Our review takes about 24 hours. Once it’s complete we’ll send you our offer.

3. Review & select your options

Should we include our Free Local Move? When do you think your flexible closing date might be? Will you need an Extended Stay after close? With Offerpad, it’s all up to you.

4. Easily sign all documents online!

Offerpad will send you the purchase contract and if you approve, simply sign online and we’re under contract!

5. Offerpad will perform an on-site home inspection

This visit gives Offerpad an opportunity to verify the condition of your home.

6. Yes.  It’s that simple.

At closing, we pay the agreed upon price and buy your home! You’re able to move freely to life’s next chapter.

Request an offer today.

Selling should fit your lifestyle

When you’re ready, Offerpad helps you skip the headache and hassles of selling traditionally.

Pick your own closing date

Offerpad allows you to pick your closing date and gives you the flexibility to change the datewhen needed!

No showings or open houses

Avoid disrupting your life with showings to strangers, inconvenient open houses and ruined weekends.

Free local move included

Offerpad works with professional movers andincludes a free local move!

See full details

Stay 3 days after closing with our extended stay

No need to rush or move twice if your new home isn’t ready! We allow you up to 3 days to move toyour new home.

We make competitive offers

Our business model is based on high volume and lean margins with a goal of giving every seller our best possible offer.

Request a no-obligation offer!

Offerpad is a highly qualified buyer

With a traditional sale, buyers can cancel because their sale fell through or they couldn’t get financing because the appraisal came in too low. Offerpad pays cash so you don’t have to worry about last-minute unmet contingencies.

Skip getting your home market-ready

It takes a lot of work to get a home ready to sell. Don’t worry about decluttering, cleaning, staging, curb-appeal fixes, or any of the other many tasks to get your home market-ready!

Skip concessions to buyers

Sellers are often asked to pay concessions to offset buyer closing costs.

Skip the costs of owning two homes

Sellers who already move into their next home while trying to sell their old one could pay thousands in extra ownership costs.

Areas Serviced

Arizona
Phoenix Market
Tucson Market

Florida
Orlando Market
Tampa Market

Atlanta Market

Nevada
Las Vegas Market

North Carolina

Charlotte Market
Raleigh Market
South Carolina
Charlotte Market

Texas

Austin Market
Dallas/Fort Worth Market
Houston Market
San Antonio Market

 

Zillow Instant Offers

Skip the hassle. Sell to Zillow.

Join thousands of homeowners who have received a Zillow Offer.

https://www.zillow.com/offers/

Selling has never been easier

Join thousands of other sellers and keep it simple with Zillow Offers.

1. Tell us about your home

Answer a few questions and snap some photos – no need to clean! We’ll review the information and calculate your offer.

2. Get an offer

If your home is eligible, we’ll send your cash offer within a few days, then you decide what’s next: Accept the offer, decline the offer or work with an agent. It’s up to you – there’s no obligation.

3. Take the next steps

Once you accept the offer, pick a closing date that works for you. We’ll arrange a home evaluation and prepare your payment!

Get started | Learn more

00:00
Zillow Offers is a new way to sell your home.
00:03
There’s no need for open houses or repairs
00:04
and you control the closing date.
00:08
Just provide some basic information about your home
00:11
and if eligible, Zillow will send you
00:13
a free no obligation offer within a few days.
00:16
We were living in Glendale, Arizona and it was getting very big, very fast.
00:20
So we knew that we wanted to move to a smaller town.
00:22
We thought how can we get there as quickly as possible.
00:25
I went online.
00:26
I was looking at Zillow and they have a new app.
00:29
I like the fact that I could just go from room to room,
00:31
take a few pictures, post it and that was it.
00:35
I was contacted in two days.
00:37
I sold my house in less than a week.
00:39
We closed in two weeks later and we were out.
00:43
Our offer is based on the information you provide along
00:46
with a custom market analysis done by a local real estate agent.
00:50
We’ll send you the offer and you decide what’s next.
00:53
The first time I got a call from the rep,
00:55
I realized that oh,
00:57
this is a rep that’s going to take care of my case personally.
01:02
I felt good. I felt important.
01:05
If you like the offer, a home inspection will be arranged.
01:08
After the inspection, the offer is finalized
01:11
and you can move forward.
01:12
Then it’s time to pick your closing date.
01:14
I got to pick the closing date. I chose the 27th.
01:17
Everything went very smoothly. People came in. We closed.
01:21
I was out the door the next morning
01:23
and we were on our way to Wisconsin.
01:25
We want selling to be a positive experience.
01:27
Zillow Offers helps you sell with less hassle
01:30
so you can move on to what’s next.
01:32
You have nothing to lose.
01:33
Take the first step and request a no obligation offer today.

Redfin Now

RedfinNow

Simply request an offer online
We’ll assess your home & make an offer
If you accept, we’ll arrange an inspection
Close when you want & get paid

Sell your home, hassle free with RedfinNow

  • Reliable cash offer
  • Flexible close date
  • No prep work or showings
Questions?
Email RedfinNow@redfin.com or call us at 951-229-0511
RedfinNow, 1099 Stewart St.,
Seattle, WA 98199

© 2019 RedfinNow

RedfinNow is a separate company, owned by Redfin. Agents representing RedfinNow represent RedfinNow only, and do not represent sellers in the sale of their home. If you decide to sell to RedfinNow, neither Redfin nor RedfinNow will represent your interests regarding the sale of your home. For this reason, it is recommended that you seek independent representation in the sale of your home. You may be able to sell your home on the open market for more than RedfinNow’s offer price. Not all homes are eligible to be purchased by RedfinNow.