What’s an iBuyer?
Today's new real estate player is 'institutional flippers' more commonly known as the iBuyer, or 'instant buyers.' We have all seen the "We Buy Ugly Houses" or "We'll Buy Your House for Cash in Seven Days" on the side of the road. Those signs usually come from independent flippers, but other more prominent recognizable brands like Zillow Offers, Offerpad, and Open Door are considered iBuyer's. Wondering how they work? Read below: A homeowner fills out the information about their house on the iBuyer website. The company sends them an instant offer within a day or two, and the seller can choose to accept or reject it. An iBuyer's proposal promises that selling to them is a more straightforward, easier way to sell your home than a traditional sale. They say they are a quicker and more convenient way to sell a house because all the seller has to do is accept their…