iBuyers Hiding Reviews?

by | Oct 1, 2019 | Market Reports

I recently read an article on Inman News about iBuyers like Opendoor that are somehow hiding their reviews on Yelp and potentially other sites.

Read the Inman Article Here

I didn’t believe it but when I went online I couldn’t find reviews!

If you’re considering selling directly to anyone without a Realtor chances are you are leaving money on the table and it might not be faster or easier either. Most iBuyers will still do inspections and likely ask for repairs or price reductions before closing.

The direct buyer model has been around forever (Think signs nailed to telephone poles that state: “We pay cash for homes!”). The new wave of direct buyers are focused online and re-branded as iBuyers. The process though is basically the same: The direct buyer makes an offer to buy the home for below market value and then re-sells the home for a profit. Many times the buyer will hire a realtor to help them sell for top dollar.

If you want to sell to an iBuyer you can still have an agent represent you so you have someone fighting for you. Remember the direct buyer is not your agent and is looking out for themselves.

 

0 Comments

Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington