Should You Sell Your Home to an iBuyer in 2021?

Should You Sell Your Home to an iBuyer in 2021?
Money.com
12/14/2020
© Sam Island for Money
Selling-to-ibuyer
One day in October, Sosan Samarneh stepped out of her three-bedroom home in Jacksonville, Florida, locked the front door and dropped the key in a secure box. Navigating the process online without an agent, she had just sold her house to real estate company Opendoor.
“The next day, the close was final,” said Samarneh, who works as a financial analyst for a hospital. “It was just such a pain free-experience. I still can’t believe how easy they made it.”
Opendoor is one of several so-called instant-buyers — often referred to as iBuyers — that have emerged in the last several years. Others include startup Offerpad and branches of bigger companies like Zillow Offers and RedfinNow. These companies buy homes in select markets for cash, make necessary upgrades and then resell them, aiming for a small profit per house. Relying on software to tell them which homes to buy and for how much, their goal is to eventually buy and sell enough homes to make billions.

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