(article published 8/19/21: updated 4/14/22)
You've received the postcards in the mail, viewed the TV commercials, and have seen the billboards stating, "We'll buy your home for cash", or "Contact us today for a cash offer on your home". These investor-groups range from very large corporations, to smaller area investors. But they all have one thing in common. They will give you an offer on your home for less than it is worth, then turn around and sell it, making a tidy profit.
How do i-Buyers come up with their offers?
Many of these buyers use AVM (automated valuation models) to base their cash offers on your home. These AVMs can vary wildly, and Realtors generally deem them as an unreliable way to price your home. These companies will give you data to try and convin...