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.
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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 ...
What is a Buy Box?
The Buy Box is a list of criteria that a property must meet to qualify for purchase. These criteria can include broad basics like location, property size. Our ExpressOffers platform has validation matching, once you submit your property our matching ...
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 ...
Why isn't my Buy Box showing up at the end of the property submission?!
Your property submission has to match the Buy Box 100% to be sent to the iBuyer. We do this as a way to respect the iBuyers time, by only sending them the properties that they are looking for. If your submission doesn't match, you will see this ...
Texas State ExpressOffers Procedures
Situation 1: Do you have this property already under a Listing Agreement? YES: STOP. Reach out to your Managing Broker. All ExpressOffers MUST represent the iBuyer, Intermediary may not be used. Listing Agreement will need to be terminated. NO: ...