Will an iBuyer consider a probate deal?
The general answer is only if the property does NOT require court approval. This answer may not apply to all iBuyers.
Note: This answer comes from our first iBuyer, Wedgewood, who states: "We would look to do a probate deal that does
NOT
require court approval. Essentially that means the trustee has the authority to negotiate the sale and does not have to take the deal to a probate judge for ultimate approval."
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How does ExpressOffers vet our iBuyers?
This is the vetting process to bring an iBuyer into our ExpressOffers platform: An iBuyer is expected to give us Proof of Funds (POF) in the highest amount of their Buy Box every two months. For example, if their Buy Box shows $100,000 to $500,000, ...
Is there a financial incentive for introducing iBuyers to ExpressOffers?
Yes. iBuyers are required to pay a platform fee per transaction and agents will be compensated ⅓ of that fee while eXp Realty will retain ⅔ of that fee.
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