HomeLight

AUGUST 31, 2021

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. Hot market puts pressure on iBuyer offers. Check their BBB rating.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

iBuyers see opportunity in Austin. There are also national iBuyers who tend to pay more than investors and “we buy houses” companies because iBuyers look for homes in better condition. An iBuyer might pay you 85% or more of market value while charging a fee for their services, often around 5% or higher.

Sales 72

Sales Investor House Flipping Pre-approval 72

HomeLight

MARCH 13, 2023

Common types of cash buyers in Orlando “For the longest time, the biggest players were the hedge funds and iBuyers,” says Joseph. While iBuyers offered higher prices than smaller investors, they have taken a step back as the cost of doing business has soared with rising interest rates.

Sales 83

Sales Investor Due diligence Renovation 83

HomeLight

MARCH 16, 2023

Common types of cash buyers in Houston Krueger says iBuyers are purchasing fewer homes in Houston. Consumers are exploring more and more options these days,” he notes as iBuyer activity slows down. The buyer does due diligence during the option period in Texas. The seller and buyer agree on a price and terms.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68

HomeLight

JULY 31, 2021

Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit. Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98