Which iBuyer is best?
Since the iBuyer market is relatively new and quickly evolving, it’s can be a challenge to find the right iBuyer. First, you’ll need to ask yourself a few questions to determine what your needs are. Those questions include:
1 How quickly do I need to sell my house?
2 Do I need to find a new house?
3 Does my house need extensive repairs or just cosmetic touch-ups to make it salable?
4 Does my house fit into the iBuyers criteria for buying houses?
5 What’s the real estate market like where my house is located?
6 Is there a national IBuyer in my market or will I need to contact local iBuyers and how do I find them?
The first 3 questions determine what your personal needs are so that you can match them to the right iBuyer for you. Those will be the questions prospective iBuyers will ask you when you contact them.
Each iBuyer will have different requirements for the houses they buy. As an example, Opendoor only buys homes in its service areas that are built after 1960. The seller must have clear title. They do not accept homes that are prefabricated or in age-restricted communities. And their property size requirements are at least half an acre.