There are pros and cons to selling your house to an iBuyer company.

Today I’ll talk about something that’s happening a lot in central Florida. Lately, people have been getting calls, door knocks, and mail soliciting for cash offers.

Companies like Offerpad and other national brands are investors who run businesses. To turn a profit, they need to buy property at 70 cents on the dollar. Most of these investors will do a bit of light rehab to their properties like paint and carpet then put them back on the market to make a profit. They tend to prey on absentee owners more than others, hoping that they're tired landlords.

These companies are looking to make money off you and take your equity. They'll tell you that by selling to them, you don’t have to deal with showings, which can offset the lost profit to some people. However, in today’s market, you can have your house on the market for one day, get several offers, and not miss out on attracting market value (or more).

If you have questions about how these cash offers work, reach out to me at (407) 499-8993. I look forward to hearing from you.