When should I sell to an off-market investor like Zillow or Opendoor?
Channel: Laura Garcia, Realtor - Jacksonville, FL
Date: 25/10/2021

If you are a homeowner, you have probably been inundated with calls, texts, and mail from investors wanting to buy your home.  You may have even seen Zillow’s new billboards asking you to take the easy way and sell to them.  Today we are going to talk about off-market investors and how to tell when they may be a good option for you. 

There have always been real estate investors looking to flip properties or find good rentals.  In the past decade though, we have seen the birth of a larger, wallstreet run investor called an iBuyer. Popular iBuyers include Opendoor, Zillowoffers, and RedFin Now.  An iBuyer is a company that purchase homes outright, directly from the owner. The seller doesn’t have to pay an agent, list the home, stage it, market it, or even show it to potential buyers. The offers tend to be cash, offer a quick close, and purchase the property "as-is". Sounds great right?

The key thing to remember is iBuyers are in the market to make money.  They are not purchasing your home out of the goodness of their heart to make your life easier. When an ibuyer wants to buy your home, they typically are giving you an offer below market value.  If they cannot make money off your home, they would not be purchasing it.  As a homeowner, you need to consider if you are okay leaving that money on the table and letting the iBuyer earn it rather than you. 

These are 4 things I would do when considering an iBuyer offer.  Check out the video to learn more or visit www.agentmillennial.com