Have you ever thought about selling your home to an iBuyer like Zillow? (or OpenDoor, OfferPad, etc). Over 69,000 requests were submitted in the 2nd quarter of 2019 to Zillow!
It is hassle free and you get an offer for your home right away...what's the catch?
Researchers at Collateral Analystics wanted to learn more about how these iBuyers make money and what is in it for the home seller?
The analysis of the findings showed that offers made to sellers had 13-15% of the home price in fees!
(Real estate agents/traditional brokerage model is typically 6% of the home price)
iBuyer options are not bad, but they are expensive!