Since 2016, we have led the effort to safeguard and grow more than $30 million dollars of homeowner wealth. We have been at the forefront of educating homeowners the true value of their home.

rise of the ibuyer

Since the Great Recession in 2008, real estate markets around the country have been in various states of recovery. Much like the stock market, investors can position themselves for profit in either a declining or rising market.  This market volatility has spawned a new type of real estate investor, the iBuyer. iBuyers purchase homes directly from sellers and immediately sell the home on the open market for a profit on a massive scale.

In 2016, Phoenix became the testing market for the largest iBuyers in the country with the launch of Opendoor from San Francisco, Offer Pad located in Gilbert, and now Zillow in Seattle. These investors are extremely well funded and have been growing rapidly in our market. 

So how does ”the new way to sell” work? Simply log online, complete a brief 2 minute survey, and abracadabra, a fair market offer is in your inbox. iBuyer’s provide comparable homes that have sold in the neighborhood, along with broad zip code data to support the value of the instant offer. You accept the offer and chooses your closing date. Done, right? What’s the catch?

But proceed with caution. iBuyer’s sole purpose is to profit from the sale of any home they buy. Even if the home doesn’t sell for a profit, investor still make money. iBuyers benefit financially from nearly every step of the transaction, from title and escrow, to inspectors and contractors making home repairs. Sellers should also consider the accuracy of the data they provide to support their valuation offer. For example, homes in Gilbert Arizona are selling for 99.1% of asking price in just around 38 days on market (10/31/2019). 

 iBuyers do offer a certain level of convenience, but at a steep cost. Top Real Estate Professionals in Gilbert are noticing a price tag of between $30,000 to $40,000 per sale. Our mission is to inform and educate homeowners so they can make the most intelligent financial decision given their unique position. The more you know, the more you keep.