How do I stay informed with the process when the iBuyer is rehabbing the property so we know when to re-list?
The iBuyer will not communicate with you at all during the rehabilitation process. Because each of our iBuyers will sign a Master Service Agreement (MSA) they are contractually obligated to re-list the property with the agent that presented the property to them. You will be notified when the property is ready to be re-listed.
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Will a Fix & Flip iBuyer pay close to fair market value?
No. Typically an iBuyer whose intention is to purchase the property, does a complete rehab and resell (Fix & Flip) will use a valuation model of 70 to 80% of After Repair Value (ARV) to base their offer price. Keep in mind that generally this type ...
Louisiana ExpressOffers Procedures
When you do a listing presentation with a seller and believe the house might be a prospect for an iBuyer, you will complete a normal listing agreement with the seller along with all documents required. You will then write an addendum to the listing ...
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Colorado ExpressOffers Procedures
Jes and I created a video to explain why we have to do the procedure this way. Watch it here. Situation 1: You found an off market property that would be a candidate for the ExpressOffers program: Check to ensure the property completely fits a Buy ...
What is ExpressOffers?
What is ExpressOffers ExpressOffers is a decision support system that helps homeowners and agents evaluate all viable selling paths in one place. Instead of forcing a choice between speed and value, the platform organizes multiple options, so ...