5 ms·
I'm planning to sell very soon and love the iBuyer model. Don't have to deal with showings, or fix anything, or hope a buyer's financing doesn't fall through a
by ourmandave 5y ago
I'm planning to sell very soon and love the iBuyer model.
Don't have to deal with showings, or fix anything, or hope a buyer's financing doesn't fall through at the last minute. To me that's worth whatever percent they're getting.
Sadly, no iBuyer operates in my fly-over state.
- JKCalhoun 5y agoNot sure why the article goes to such lengths to legitimize "Corporate flipping", calling it iBuying or whatever. No matter what terminology you use, buyers without cash-in-hand are getting screwed.
- mywittyname 5y ago> No matter what terminology you use, buyers without cash-in-hand are getting screwed. "Cash is king" is a common phrase in real estate for good reason. In pretty much all instances, a cash buyer has a leg up over everyone else. In a liquidity crunch, cash buyers get discounts because people can't get loans; in hot markets, they get discounts because they can wave contingencies; in cool markets, they get discounts because they can move faster; etc.
- bduerst 5y agoThis hasn't always been the case with real estate though. The market used to be much more accessible, and tech bubbles overlapping into it are just further destroying it.
- jdross 5y agolook up Opendoor’s buy with cash product. Turns every buyer into a cash buyer in exchange for the same commission as any other buyer agent (maybe lower?)
- mdaniel 5y agoFlyhomes is in that game, too: https://www.flyhomes.com/ https://www.flyhomes.com/