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Home Selling, save money, Tips For Sellers

Selling your home to an iBuyer? Don't leave money on the table!

You may have heard about this trend in the real estate market: iBuyers. What are they, how do they work, and what should you know before selling your home to one? In this article, we'll tell you everything you need to know.

What are iBuyers?

iBuying companies are a new type of real estate company where homeowners can have their home bought outright rather than listing their home for sale with a traditional firm.

Homes sold to iBuyers are typically all-cash deals and can close the sale in as little as 5 days. Sounds great, right?

Not quite. Here's what you should know:

iBuyers buyers will give you an offer for you home well below market price, then flip the home and keep all the profit.

It's true. At iBuying companies, there are teams of market analysts who research properties to find out exactly the right price to offer the homeowner.

This price is careful matched to the condition of the home, features, location, and the state of the market—but it's always less than a homeowner could make the traditional route.

Why do the iBuyers offer less than most? So they can flip the home and keep the profit. That's how the entire business model works. But when an iBuyer flips your home for more profit, homeowners lose out big time.

Sure, for some home owners selling to an iBuyer makes sense; you're in a rush to sell, you want it done yesterday, you don't want to deal with any agents. But for everyone else, here's our advice: don't leave money on the table.

When you sell with Faira, it costs you less and you net more money on your home sale. For homeowners who want the absolute best service and to make the most of the market, it's a no brainer. 

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Christopher Ellis

Written by Christopher Ellis

Christopher Ellis is a Marketing Associate at Faira, joining the team after spending two years in the Operations department. A graduate of the University of Puget Sound, Christopher is passionate about technology, market research, and real estate.

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