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 ...
What is an iBuyer?
Understanding iBuyers within the ExpressOffers Platform An iBuyer, or "instant buyer," is a specialized entity that leverages advanced technology, including data analytics and proprietary algorithms, to make immediate, as-is purchase offers on homes. ...
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: ...