Updated: Mar 7
Have you recently been thinking of selling your house?
If so, you may have heard about iBuyers. Maybe, you’re considering selling your house to one too.
But what exactly are iBuyers? And should you sell your house to one?
In this in-depth article, we’ll explore 16 reasons why you should sell your house directly to an iBuyer.
But first, let’s answer the question we touched on above - What exactly is an iBuyer?
The short answer: An iBuyer is a company that typically makes fast, cash offers for properties in their as-is condition.
iBuyers differ from a traditional real estate sale because they make an offer to purchase your house directly from you, without the need to go through the trouble and time of a conventional listing and sale.
Now that we know what iBuyers are let’s jump into why you’d want to sell your house to one.
You Will Not Have to Make Any Expensive Repairs to the Property
One of the great things about selling to an iBuyer is they will not ask you to do any repairs to the property before closing.
It’s almost guaranteed that a traditional buyer will ask you to make costly repairs before the deal closes.
When a traditional buyer sees something in an inspection report they don’t like; they can ask you to repair it.
Especially if there’s anything wrong with a major system.
Did your HVAC just die?
Are your pipes leaking
Is the electrical not up to code?
A traditional buyer will ask you to spend thousands of dollars to fix it.
An iBuyer won’t care.
iBuyers Don’t Ask For Concessions
When you sell your house to a traditional buyer, they will most likely ask you for seller concessions.
Seller concessions typically come in the form of down payment assistance or other contributions towards closing costs.
For example, if a buyer has to bring $20,000 in total closing