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Today I’m discussing iBuyers and when it is and is not a good idea to sell your home to them.

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We’ve been receiving many inquiries lately about iBuyers, which stands for institutional buyers. These companies typically offer cash for your home, a quick closing, and you don’t have to list the house and deal with showings and all the things that go with listing property. For some sellers that is a decent option.Keep in mind that these are institutions, they’re businesses, so at the end of the day, their goal is to turn a profit. With that being said, they are not going to offer you market value. Generally, you’re going to be looking at offers anywhere from 8% to 12% under market value. For some, the convenience of not having to go to the market and giving up a little profit is worth it, while for others, it is not.

Keep in mind that these are businesses, so at the end of the day, their goal is to turn a profit.

I also want to let you know that here at Keller Williams we have the opportunity to give you those cash offers as well. You do not have to go to a strange company you know nothing about to get a cash offer on your house. So, if you would like to see what kind of cash offer you can get on your home, give us a call.If you have more questions about iBuyers and exactly what goes into this, please give us a call. We would love to speak with you.