iBuyer Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of iBuyer became possible and available for free to those considering this solution!
In this review we evaluated iBuyer’s features, plans, pricing, and other important aspects to help our readers make a more educated purchase decision.
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What Is iBuyer?
iBuyer is a real estate investing company that helps property owners sell their homes to cash buyers quickly and conveniently.
The company particularly deals with sellers in difficult situations complicating a traditional sale: severely damaged homes, divorce, job relocation, and pre-foreclosures, among others.
iBuyer.com leverages big data and powerful algorithms to generate an online quote. This helps sellers get a cash offer fast.
That said, iBuyer (instant buyer) is also a general term used to refer to home-buying companies who use technology to determine the value of a property sight unseen and make cash offers based on it.
What Is iBuyer Used For?
iBuyer.com is used by homeowners and investors (wholesalers and house flippers). Here’s how the platform serves both user types.
Home Sellers
- Access to cash offers — iBuyer.com connects you with investors (cash buyers) who purchase your home, renovate it, and sell it for profit. Once you complete the seller application form, you will be presented with cash offers from local investors within 24 hours.
- Quick property sales — Selling your house through iBuyer allows you to sell it as-is without cleaning, staging, or renovation. As a result, you can get cash within just a couple of weeks or sometimes under a week.
- Online home appraisal — iBuyer is equipped with a powerful algorithm that assesses the value of your home based on the information and images you provide. However, this valuation, as well as the offer, is preliminary. After you accept an offer, an investor will visit your property. If the house is in worse condition than assumed, the offer will be lowered.
- Professional support and guidance — Once you contact iBuyer to sell your house, a company representative will contact you within 24 hours to begin the sale process. The rep acts as your personal guide throughout the process and is always available for inquiries, making iBuyer a suitable option for first-time sellers.
Borrowers
- Access to home equity loans — iBuyer has partnered with several lending companies to provide property owners with home equity loans. Your dedicated specialist will guide you through the application process, repayment, and alternatives to repayment.
Home Buyers
- Lead generation — Property wholesalers and house flippers who join the iBuyer investor network get access to motivated sellers who request cash offers from the iBuyer platform.
iBuyer Users Breakdown by Specialty
Is iBuyer Legit?
Yes. iBuyer is a legitimate real estate investing company that has been connecting home sellers with house buyers since 2019.
Since its launch, iBuyer has become a nationwide brand, operating in 41 states and counting. The company has its physical offices in Vero Beach, Florida.
iBuyer has also been featured a lot online. The company has received many customer reviews and mentions on credible review sites like Trustpilot, online forums such as Reddit, and numerous renowned real estate blogs.
The client reviews are mostly positive, praising the company’s quick and convenient sale process and excellent support.
As a web-based platform, iBuyer has taken considerable steps to ensure user data is safe, including implementing an SSL-encrypted connection to the website.
iBuyer has a transparent privacy policy that discloses the third-party websites they can share your data with.
The company also has a robust social media presence with active accounts across all popular social media platforms. All in all, there’s enough proof that iBuyer is not a scam.
iBuyer Customer Reviews
iBuyer Pricing
Seller Pricing
Homeowners who choose to sell their homes on iBuyer don’t incur any costs.
The entire process of selling, from contacting the company to accepting a suitable cash offer and closing, is free.
You’re not obligated to accept offers, meaning you will not be charged for rejecting the offers you receive.
Additionally, you won’t incur any realtor fees and commissions since you’ll be dealing directly with a cash buyer.
However, keep in mind that your offer will be below your home’s market value so that the investor can cover the costs paid for you as well as make profit on reselling your house.
Investor Pricing
iBuyer makes its money through the investors who choose to join the platform.
However, the real estate investing company hasn’t shared any information on specific fees involved in using the motivated seller lead generation service.
Still, based on how similar companies work, it is likely that iBuyer charges investors for leads, access to the marketplace, and other related services.
iBuyer Features
Seller Services
iBuyer is a simple platform that helps various types of motivated sellers find real estate investors, and as a result, it is not packed with features.
Still, to access the service, you need to first enroll in the platform through the following steps:
- Provide the property address so that iBuyer can verify that the property actually exists.
- If the property is valid, iBuyer will ask you a few questions regarding your house, including the type, its condition, whether or not it is listed with an agent, and how fast you want to sell. You will also be required to provide your name and contact information.
- Once the company has the information, it will send you an online valuation quote for your home, and you will begin receiving cash offers.
- Choose the best offer or reject all the options at no cost.
- An investor whose offer you accepted will visit your home. If the house is in worse condition than assumed during online valuation, the offer will be lowered.
Once you’ve joined iBuyer as a seller, you can access iBuyer’s home equity loan service.
By using this tool, you can get loans to service your debts, do renovations, or simply get access to cash at lower interest rates compared to personal loans or high-interest credit cards.
Investor Services
iBuyer is always looking for wholesalers and flippers to join the platform as investors.
To get access to iBuyer’s real estate for sale via their real estate investor lead sources, you will be required to fill out the application form on the company website.
The form collects important information about investors and their businesses, such as:
- Name and contact information
- Name of company/entity
- Company address
- Property types the investor is looking for
- Information (size, number of bed and bathrooms, and minimum and maximum purchase price) on the properties of interest
- Cities an investor is looking to operate in
iBuyer will review your information and vet you based on their criteria. iBuyer looks for established businesses who can provide proof of a series of successful transactions.
If you’re accepted into the program, you will begin receiving motivated seller leads.
iBuyer Pros and Cons
Pros
- iBuyer presents sellers with multiple cash offers, providing them with options.
- You can get a cash offer in as little as 24 hours.
- Customers have praised the company for its excellent support throughout the sale process.
- iBuyer vets its investors, meaning sellers are always dealing with experts who know the ins and outs of real estate deals.
- iBuyer is a legitimate, nationally recognized brand.
Cons
- You get lower offers compared to the ones you’d likely receive by using a realtor to sell your home.
- The company isn’t transparent with its prices for investors.
- The platform won’t be your source of leads if you are only starting flipping houses or getting into wholesale real estate business.
iBuyer Integrations
iBuyer Achievements
Awards & Recognition
Best iBuyer Company (Awarded by Real Estate Bees)
Press & Media
iBuyer FAQs
How many clients does iBuyer serve?
There is no reliable data on the number of customers iBuyer serves. Still, the platform has received numerous mentions and client reviews online, indicating its wide reach and popularity.
Who founded iBuyer?
iBuyer was started in 2019 by Mark Weibel, Shamus Samerdyke, and Alfred Koontz. Although the three co-founders are all active off-market investors, they have different backgrounds and specialties.
Mark is a marketing expert with decades of experience driving customer growth for various brands. He currently serves as iBuyer president.
Shamus, the company’s director of sales operations, has an extensive background in real estate sales management and house flipping, while Alfred is an established business executive and off-market and tax lien real estate investor.
What is iBuyer’s customer service number?
Sellers, buyers, and prospective clients can reach out to iBuyer.com by calling (866) 655-1802 — this is the company’s only contact number.
Written inquiries can be sent via email to [email protected].
What is the iBuyer cancellation and refund policy?
The company hasn’t shared its account termination procedure or refund policy.
iBuyer Tutorials & Training
Is iBuyer Worth It?
iBuyer’s services may be worth it for sellers who prioritize the rapidity and convenience of the sale over the selling price.
iBuyer provides sellers with multiple cash offers to choose from, unlike some of its competitors, where you only receive one offer.
With more options to choose from, you have more control of the deal and can find an offer that’s most suitable for you.
The only major downside of the iBuyer platform (and dealing with investor home buyers, in general) is that you receive less for your home compared to what you’d get by finding a good real estate agent.
As for the investors, judging from the popularity of this brand, it has been chosen by a significant number of professionals as their go-to tool for real estate investors to find motivated sellers.
iBuyer Contacts
- Website: Official website
- Phone: (866) 655-1802
- Email: [email protected]
- Address: 1500 HWY A1A, Vero Beach, FL, United States
- Socials: Facebook, Instagram, YouTube, Twitter, LinkedIn
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About the Author:
With over 20+ years of experience in real estate investment and renovation, Brian Robbins brings extensive knowledge and innovative solutions to the HouseCashin team. Over the years Brian has been involved in over 300 transactions of income producing properties across the US. Along with his passion for real estate, Brian brings with him a deep understanding of real estate risks and financing.