ExpressOffers® is eXp Realty’s online platform that easily connects individual home sellers with institutional buyers across the United States. It lets you, the seller, avoid the stress of traditional home sales.
What is an iBuyer?
An “iBuyer’’ is generally known in the real estate industry as a real estate investment company that uses an automated valuation model and other technology to identify, and then purchase, homes like yours that meet its purchasing investment criteria.
Is important to understand that a homeowner is never obligated to accept an iBuyer’s offer.
What are the benefits to the home seller of using iBuyer?
The homeowner will have the freedom of conveniently accepting or rejecting (and in some instances, countering) the iBuyer’s proposed terms.
If the homeowner counters the iBuyer’s proposed terms and the iBuyer accepts, then the iBuyer and homeowner will enter into a written purchase agreement based on the homeowner’s counter-offered terms.
How does eXp Realty that Express Offers work?
First, we enter into written contracts with our iBuyers establishing the terms under which the iBuyer may use our proprietary Express Offers web platform. Then, an iBuyer will send us its home buying investment criteria through our web platform where our agents will be able to view it.
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