iBuyers: What Is the “Cost of Convenience” When Selling Your Home?

When thinking about selling their house, homeowners have many options. Are you considering the option of an “iBuyer.” What is an iBuyer?

The definition is:

“A company or investor that uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers to close on a property quickly. Once sold, the company then turns around and resells the home for a profit.”

Does it make sense to sell your home to an iBuyer?

It does not. You might be looking for the convenience of a quick sale and closings but there is a cost for that convenience.

After taking a thorough look at the iBuyer platform, a study concluded that using an iBuyer is more expensive for the homeowner than the traditional brokerage model.

If you are thinking about selling your house, you have many options. We urge you to have a conversation with us first before you make any decisions. Our experienced agents can help you navigate the decision making process to help you get the most out of your home sale.