There are different reasons to use each iBuyer.
The Knock trade-in program lets home sellers trade their house to purchase another.
Ribbon’s model allows the homeowner to easily sell their home to Ribbon and pay rent to occupy it while their home is sold on the market.
It’s becoming a very competitive marketplace. Each iBuyer is competing to create a better experience to capture the home seller’s attention and business.
The rush is on to give value added services to the iBuyer customer. And it’s all based on easing the pain points of selling and buying a home.
The bottom line is that iBuyers give you the ease, simplicity, speed and immediate peace of mind with an all cash offer for your house.
And this is all good news for the home seller and home buyer!
What’s the catch with iBuying? It’s a fairly new process but based on Opendoor’s 7,200 home sales last year and Offerpad’s 3,500 home sales during the same time period.
iBuyers are here to stay.