What does iBuyer stand for?

iBuyer stands for “instant” buyer because of how quickly they make offers on homes. As tech-forward companies, the process can happen in hours rather than days.

How fast can I sell to an iBuyer?

iBuyers often make offers within 24 to 48 hours after you complete the online form. And depending on your timeline, you can close around 7 to 14 days.

How much do iBuyers charge in fees?

Typical iBuyer fees range between 5% and 8%. These companies also deduct any potential repair costs from the initial offer.

Yes, iBuyers are legitimate real estate companies. Opendoor, the most established iBuyer, has operated out of its Phoenix headquarters for over a decade.

Do iBuyers pay a fair price?

iBuyers streamline the home-selling process and charge a premium to do so. While initial offers are typically close to market value, iBuyer customers tend to make less than they would on the open market.

How do I find out if an iBuyer will buy my home?

The best way to learn if an iBuyer will purchase your home is by filling out their online form. This will walk you through the qualifying questions to determine if your home is a good fit. Typically, iBuyers will avoid homes needing significant repairs or homes built before 1950.

Jared Lindstrom

Contributing Writer

Jared Lindstrom is a contributing writer for Clever Offers, one of the nation’s leading real estate platform for buyers, sellers, and investors.

Jared also has experience writing and editing in the financial, health and wellness, and personal development spaces.

Expertise

Discount real estate brokers
Low commission realtors
Personal finance and budgeting

Education

B.S. in Elementary Education from Tennessee Technological University

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Jared Lindstrom

Expertise

Education

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