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What’s An iBuyer Versus A We Buy Houses Cash Investor?

by | Apr 22, 2021 | Blog | 0 comments

iBuyer versus we buy houses cash Chandler Arizona

What Is An iBuyer

An iBuyer is a company with considerable financial resources that uses an algorithm to determine the cost of houses and make offers based on this algorithm. The corporate iBuyer decides whether your home is worth buying and also whether it will be easy to sell. They will charge service fees for their work as well as reduce the overall price to your home based on repairs needed. The goal is to make minor repairs to your home and relist on the MLS after those repairs are completed.

Selling To An iBuyer

Many iBuyers will email you an offer within 24 hours of filling out an online form. The iBuyer will then come to inspect your home and will usually reduce the offer based on the cost of the repairs for your home. They will do those repairs before relisting your home for sale. iBuyers like agents charge service fees and/or commissions for the work that they will perform.

These companies are the industry leaders thus far within the field of iBuyers.

  • Opendoor
  • Offerpad
  • Zillow Instant Offers
  • Knock
  • 72Sold
  • Redfin Now
Opendoor and Offerpad are by far the most well known iBuyers across the United States. Opendoor and Offerpad reviews will vary depending on where you find your data.

What Is A Local Cash Investor?

You have definitely seen a few “We buy Houses Cash” signs on the side of the road. Or you have heard about the “greedy” investor that wants to give you a low ball offer. There are a lot of those companies so please beware. Some of these ‘We Buy Houses’ cash investors do not care about you and your situation. They have a bottom line they need to meet and that’s where they focus. The biggest problem with local cash investors is vetting them or trusting them. You should verify that they have a website. You want to make sure they can close the deal. Ask them questions like how many properties do you purchase each year? Look for, or ask testimonials, from people they have worked with and get a feeling for how they dealt with the seller.

Selling To A Local Cash Investor

If you find a reputable local cash investor they should be creative and have many ways they can help you aside from just a quick CASH deal. When you are selling your home it doesn’t necessarily matter if they offer you cash versus a loan as long as you get the money wired into your account on the closing date, it is cash to you. The value in the cash offer comes with no appraisals, maybe no inspection, and the fact that they should be able to close quickly. A good local investor should have many offers to help you depending on your personal situation. Maybe they can help you with moving expenses or they can buy your property ‘subject to’ your existing mortgage and help save you from foreclosure.

Benefits Of Selling To Liz & Marie

There are also some amazing investors out there that truly care about people and their clients and want to help. Liz & Marie are those kinds of investors. We know that we can help you no matter what your situation. We are focused on how we can help you, not how you can help us.

We have successfully helped homeowners out of the following situations:

  • Flood and Fire Damage
  • Divorce
  • Debt/Foreclosure
  • Bankruptcy
  • Probate or Inherited Properties
  • Hoarder Houses/Clutter
  • Relocating for work

So let us know how we can help!

To learn more check out our free 4 minute video!

About Liz & Marie

Liz & Marie are the area’s leading real estate solutions company. We successfully work with homeowners, buyers, sellers, real estate agents, and real estate investors, buying and selling all types of residential real estate. We are confident that we can find the right property or solution for you, whether you have a house to sell, are looking to buy your next investment property, or are looking for your family’s “forever home.” We can share our knowledge so that you can make the best decisions for your situation and we are dedicated to making everyone’s experience a smooth and successful process.

Liz & Marie specialize in buying and selling your home at the price, and on the timeline, that works for all of us. Our extensive knowledge of real estate investing and a large network of real estate investors nationwide allows us to offer more buying choices and a wide variety of selling options for all types of home buyers and sellers, including financially distressed homeowners. Our mission is to work hand in hand with all parties and to handle every situation with the utmost professionalism and care.

We are thrilled to be a part of this next chapter in your life. Our commitment to excellence starts with treating you and your transaction with the utmost care and professionalism. We know that buying and selling a home is one of the biggest decisions you’ll ever make and we are humbled that so many homeowners choose us to join them on their journey. Let us lead the way and earn your business today.

We may be Crazy Liz and Wacky Marie but together we can do anything. Our combined experience in real estate has given us tons of lessons and has provided us the opportunity to help many homeowners! We are always striving to learn more and help others! Let us know how we can help you today!

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