What is an iBuyer -How it works and is it worth it?
What is an iBuyer?
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An iBuyer is a company that uses technology to make an offer on your home instantly. iBuyers represent a dramatic shift in the way people are buying and selling homes, offering in many cases, a simpler, more convenient alternative to a traditional home sale.
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How iBuyers operate varies, but the underlying idea is that a company estimates the value of your home and makes an offer. If you accept, they take on the burden of owning, repairing,, 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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iBuyers vs real estate agents
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Because you can buy and sell a home directly with an iBuyer, many people assume they are trying to replace all real estate agents. For many iBuyers, working with agents is an important part of their business. According to a 2018 NAR survey, 87% of people chose to buy their home with an agent.
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Should I sell my home to an iBuyer?
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There are a lot of reasons to sell a home. The “right decision” is a function of what you value most in a transaction. For example, you may prefer convenience over maximum offer price or vice versa.
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Certainty: what if it doesn’t go as you planned?
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In our conversations with customers, it’s clear that much of the stress of selling stems from uncertainty in not knowing when you’ll find a buyer, if the offer will make it to close, or if there will be any surprises along the way. The traditional process doesn’t always allow that level of transparency because of the challenges of connecting with a buyer directly.
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When you accept an offer from Greater Akron Home Buyers, you don't have to worry about repairs or any inspections, we buy your home in "as-is" condition,, you control the timeline, and you don’t have to worry about financing fall-through. This affords you more certainty so you can focus on the next big thing.
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Convenience: how much do you value peace of mind?
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Selling a home can be a lot of work with months of showings, repairs and maintenance, and of course, navigating the sale itself. Think about your investment of time and energy as an opportunity cost—what would you do if you weren’t focused on selling your home?
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iBuyers can offer a simpler experience, allowing you to sell your home without listing on the market. For example, when you sell to Greater Akron Home Buyers, we streamline each step of the process, from requesting an offer, to handling any repairs, to closing. We also pair you with a dedicated advisor so you have someone to assist you through each step.