What is an ibuyer and how does it facilitate the sale of a home?
Posted: Tue Dec 10, 2024 5:11 am
Have you ever heard the term iBuyer and wondered what it means? Well, technology is changing the way every industry works, and real estate is no exception.
Buying and selling a flat has always been one of the most stressful processes in life. That is why, with the aim of speeding up and facilitating this process, iBuyers were created, an alternative to selling houses that is gaining more and more popularity among sellers and real estate agents, by making the whole process easy, fast and comfortable.
With these innovative companies, it is no longer necessary to put your house up for sale through a real estate agency and wait for a buyer to appear.
If you want to sell your home quickly and without complications, selling to an iBuyer is certainly an option worth considering.
What is an iBuyer?
An iBuyer is a Proptech company, that is, a company that uses technology to improve a service within the real estate market, in this case, the sale of homes.
How does it work? Well, an iBuyer , or instant buyer, buys homes directly , not as a middleman. For these companies, speed is key: the client receives a first offer for their home within 24 hours and, if they accept it, the transaction can be completed in just 7 days, almost instantly.
The idea of selling a property and being able to obtain the cash in just a few days is undoubtedly very attractive to many sellers, compared to the time it takes to sell a house in the traditional way.
iBuyers are here to stay and revolutionize the real estate market.
How does an iBuyer work?
Have you ever heard of the term “Automated Valuation Model”? This is the engine that powers iBuyers. It is a software capable of processing thousands of data points about homes in a very short time to calculate their value.
In the case of Tiko , one of the leading iBuyers in Spain , its AVM, which uses big data and artificial intelligence, allows it to make a competitive offer in 24 hours, without having to visit the property. Its business model is based on obtaining a small margin on a large volume of operations, which is why it can guarantee objective offers adjusted to the market. This Proptech has established itself as a digital alternative for those owners looking to sell their apartment quickly.
A family buying their home from a real estate professional.
How do I sell my house to an iBuyer?
Selling a house the traditional way chinese overseas africa database can be a real pain. Having to clean and decorate the house so buyers can visit it or having to go through long, intense negotiations on prices can be reasons enough to hate this process.
However, with iBuyers this is over. The process of selling a property is much simpler. The owner only has to fill out an online form with basic information about his house (square meters, year of construction, neighborhood or district...). If the property meets the iBuyer requirements, the owner will receive a completely free offer in a very short time, which he has 7 days to accept or reject. If he decides to accept the offer, the iBuyer will carry out a technical inspection of the property to ensure that everything is in perfect condition. If this is the case, in just a few days the sale of the property can be signed at a notary's office.
The iBuyer model is transforming the real estate market by making it possible for a person to sell a home from their mobile phone.
Advantages of iBuyers
If you are still not sure about choosing the services of an iBuyer, we will tell you all the advantages that come with it to help you decide.
Speed
While in Spain it takes more than six months to sell a house, due to the multiple procedures involved: preparing the house, carrying out visits, finding a buyer… With an iBuyer, the process is faster. Although you can always request a new offer, the initial offers of the iBuyers are ready in just 7 days.
Comfort
For some people, selling a house is one of the most stressful processes in life. Relying on an iBuyer, like Tiko , means being able to sell your house from the comfort of your couch. All the buyer has to do is fill out an online form and, within a few days, the property will have sold.
No renewals are necessary
Most people fix up their home and make several updates before listing it to increase the value of the property and encourage buyers. iBuyers will judge the home based on photos and then make an offer - no inspections or renovations are required. If there are things that need fixing, they will reduce the price of the home and fix them themselves before selling it.
Quick money
Many times, people find themselves in a time-sensitive situation, such as moving to a new city for work and having to sell their home in order to buy another one. The fact that iBuyer offers sellers a cash offer within 24 hours makes the process much easier.
As you can see, relying on an iBuyer has many advantages. If you want to sell your flat quickly, comfortably and without leaving home, the iBuyer is the option you were looking for.
Buying and selling a flat has always been one of the most stressful processes in life. That is why, with the aim of speeding up and facilitating this process, iBuyers were created, an alternative to selling houses that is gaining more and more popularity among sellers and real estate agents, by making the whole process easy, fast and comfortable.
With these innovative companies, it is no longer necessary to put your house up for sale through a real estate agency and wait for a buyer to appear.
If you want to sell your home quickly and without complications, selling to an iBuyer is certainly an option worth considering.
What is an iBuyer?
An iBuyer is a Proptech company, that is, a company that uses technology to improve a service within the real estate market, in this case, the sale of homes.
How does it work? Well, an iBuyer , or instant buyer, buys homes directly , not as a middleman. For these companies, speed is key: the client receives a first offer for their home within 24 hours and, if they accept it, the transaction can be completed in just 7 days, almost instantly.
The idea of selling a property and being able to obtain the cash in just a few days is undoubtedly very attractive to many sellers, compared to the time it takes to sell a house in the traditional way.
iBuyers are here to stay and revolutionize the real estate market.
How does an iBuyer work?
Have you ever heard of the term “Automated Valuation Model”? This is the engine that powers iBuyers. It is a software capable of processing thousands of data points about homes in a very short time to calculate their value.
In the case of Tiko , one of the leading iBuyers in Spain , its AVM, which uses big data and artificial intelligence, allows it to make a competitive offer in 24 hours, without having to visit the property. Its business model is based on obtaining a small margin on a large volume of operations, which is why it can guarantee objective offers adjusted to the market. This Proptech has established itself as a digital alternative for those owners looking to sell their apartment quickly.
A family buying their home from a real estate professional.
How do I sell my house to an iBuyer?
Selling a house the traditional way chinese overseas africa database can be a real pain. Having to clean and decorate the house so buyers can visit it or having to go through long, intense negotiations on prices can be reasons enough to hate this process.
However, with iBuyers this is over. The process of selling a property is much simpler. The owner only has to fill out an online form with basic information about his house (square meters, year of construction, neighborhood or district...). If the property meets the iBuyer requirements, the owner will receive a completely free offer in a very short time, which he has 7 days to accept or reject. If he decides to accept the offer, the iBuyer will carry out a technical inspection of the property to ensure that everything is in perfect condition. If this is the case, in just a few days the sale of the property can be signed at a notary's office.
The iBuyer model is transforming the real estate market by making it possible for a person to sell a home from their mobile phone.
Advantages of iBuyers
If you are still not sure about choosing the services of an iBuyer, we will tell you all the advantages that come with it to help you decide.
Speed
While in Spain it takes more than six months to sell a house, due to the multiple procedures involved: preparing the house, carrying out visits, finding a buyer… With an iBuyer, the process is faster. Although you can always request a new offer, the initial offers of the iBuyers are ready in just 7 days.
Comfort
For some people, selling a house is one of the most stressful processes in life. Relying on an iBuyer, like Tiko , means being able to sell your house from the comfort of your couch. All the buyer has to do is fill out an online form and, within a few days, the property will have sold.
No renewals are necessary
Most people fix up their home and make several updates before listing it to increase the value of the property and encourage buyers. iBuyers will judge the home based on photos and then make an offer - no inspections or renovations are required. If there are things that need fixing, they will reduce the price of the home and fix them themselves before selling it.
Quick money
Many times, people find themselves in a time-sensitive situation, such as moving to a new city for work and having to sell their home in order to buy another one. The fact that iBuyer offers sellers a cash offer within 24 hours makes the process much easier.
As you can see, relying on an iBuyer has many advantages. If you want to sell your flat quickly, comfortably and without leaving home, the iBuyer is the option you were looking for.