Will a Buy & Hold iBuyer offer close to list price?
YES. Typically, Buy & Hold iBuyers will offer 90 to 95% of fair market value. This is generally speaking as each iBuyer will have different investment goals. Offer prices may vary and will also depend on the degree of cosmetic updating (i.e., paint & carpet) the property needs.
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 ...
What is an iBuyer?
An iBuyer is a company, investor or group of investors that use technology to make an offer on your seller's home within minutes (or days), sight unseen, based on a proprietary valuation model. If your sellers choose to accept the offer, they can ...
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 ...
What is a Buy Box?
The Buy Box is the investment criteria that the iBuyer is looking for. The Buy Box covers one or more counties in a state. Read the Buy Box carefully to make sure that the property that you want to submit fits it exactly. Our ExpressOffers platform ...
What does 70-80% of ARV mean?
So here’s an example of an actual eXp CLOSED transaction: Property listed in the MLS at $300,000 - After Repair Value (ARV) of the property (once totally rehabbed and pristine) is $415,000 - this also represents the top sold comparable in the ...