An iBuyer is an online company that makes an offer on your home “instantly”. iBuyers then resell your home for a profit. While iBuyers advertise convenience and the ability to save you money and the ability to avoid paying commissions, it usually costs the seller more money to sell through an iBuyer. Some companies will advertise lower to no commissions but the seller will pay more in fees that are not readily advertised than what a commission would be for a regular agent.
Category: Real Estate Terms