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There now are several options when it comes to buying and selling homes. The iBuying real estate model has seen an increase among many home sellers and buyers. This is due to its ability to provide significant certainty and convenience.
The model offers a simpler, firsthand real estate experience combined with industry-defining technology to make an offer. It represents a dramatic shift in the way people are buying and selling homes.
In many instances, it is a better alternative to a traditional house sale.
Working with iBuyers as an agent is an essential part of the business. Many agents are capitalizing on this trend by using it as an extension of their professional role, and it’s clear to see why. You have nothing to lose by requesting an offer.
It Makes Selling Simple, Instant and Hassle-free
Real estate transactions can be complicated, slow, and stressful. In fact, according to Zillow’s 2019 Consumer Housing Trends Report, 95% of home sellers admitted to being stressed by some aspect of the traditional home selling process.
From months of preparing to sell a house to making repairs and house staging, the listing process can be daunting. The goal of an iBuyer is to help you sell your home in a secure and more convenient way.
Empowers Your Clients with More Options for Selling
It doesn’t hurt to explore all of your options. With this model, you can easily get a competitive home purchase offer for your client.
Just like in any other real estate transaction, listing agents contact iBuyers directly to request an offer. The iBuyer contacts you (the agent) directly to ask a few questions and complete the offer, which typically arrives in 24 hours.
Your job will be to represent your client’s interests in the best way possible while offering their homes to the large pool of potential buyers.
Offers Flexibility and Control
Closings are fast, and homeowners are in control of choosing a closing date that is convenient for them, a date which they can change as needed. Since sellers are the ones tasked with timing a move, the model goes a long way in helping people avoid paying two mortgages.
Delivers a More Certain Sale
You can present an offer to your sellers upfront, so they can start thinking about the next move. In this case, homeowners don’t need to worry about buyer contingencies or offers that may fall through.
If your client is looking to relocate quickly or is already in contract on a new house, but the purchase is contingent on selling the current home, the iBuyer model can help them sell their house as fast as possible.
Your Commission Position
While each company works with agents differently, most iBuyers pay commission to agents representing a seller. Further, they have agent partnership programs and provide participating agents with a referral fee for bringing in a successful sale.
Your client needs a smooth, uncomplicated sale so that they can move onto the next chapter of their lives. iBuyers offers an alternative avenue of having homes sold quickly instead of sitting on the market for too long or going into foreclosure.
The model is undoubtedly propelling the real estate industry in a new direction, and you sure should be part of it.
Krystle Cook – the creator of Home Jobs by MOM – put her psychology degree on a shelf and dived into a pile of diapers and dishes instead. She is a wife and mother to two rambunctious boys, sweating it out in her Texas hometown. She loves cooking, DIY home projects, and family fun activities.