Flyhomes isn't an iBuyer — it's a home trade-in service. Flyhomes does purchase homes, but only for a short period of time to facilitate a home trade in for a customer. For home buyers, Flyhomes purchases the new home upfront and then allows the customer to buy it back once their old home sells. Flyhomes gives home sellers a backup offer — it will buy your home if it doesn't sell on the open market after 90 days.