How Does the Home Buying Process Work from Start to Finish
You might want to sell your house quickly without falling into the trap of a middleman. Sell it to instant buyers or iBuyers. Learn the complete home buying process in the following guide when you sell the house to iBuyers.
Instant home buyers, or iBuyers, are the most efficient real estate companies in terms of buying homes. If you are in a hurry to sell your home, get in touch with a reliable iBuyer and complete the selling process within a few days.
The iBuyers use market data and reliable algorithms to get an accurate value for your home. Based on your house value, they offer you a buying price. If you agree on the price, you can sell it within 2-3 days.
Let’s start the discussion by understanding who iBuyers are and how they operate.
What is an iBuyer and How Do They Work?
An iBuyer is an instant buyer who, after evaluating your house, offers you a cash price for your house. You get an instant cash offer from them because they use modern technology to decide the value of your house.
They use the latest market data, like house demand, availability, market trend, property value and more to design the algorithm. The algorithm helps to determine your property value based on your location.
Step-by-Step Breakdown of the iBuyer Home Buying Process
Let’s understand the entire home-buying process of iBuyers.
Step 1: Browse Homes on a Listing Platform
As a seller, you may get an offer from an iBuyer after you list your property on listing platforms. The buyers browse through property listings and select by the location of the property. If you are interested in selling your house quickly, they will offer a quick selling price.
Step 2: Get Pre-Qualified iBuyers or Submit Proof of Funds
If the offer made by the iBuyer seems interesting to you, it is your job to see if they are qualified. You may ask the buyer to show the proof of reliability (e.g., a license or other documents). Besides, you may also ask for proof of funds from their end.
Step 3: Schedule a Virtual or In-Person Tour
After you are sure that the iBuyer is a reliable one and has enough funds to purchase your house for cash, then schedule an in-person tour. It is a crucial step in the buying house process, because it helps to determine the property value.
If an in-person tour is not possible for you, arrange for a virtual tour of your house. You may record the interior and exterior of the house, and also the damaged portion (if any). You can send it to the client when they ask for it, to have a better look at the property.
Step 4: Make an Offer Instantly
After the in-person or virtual tour of the property, the iBuyer might offer you a price instantly. Once you get the price, you will get an idea of the market value of your property. Now, you can either wait for further negotiation or accept it instantly.
However, it is wiser to wait and see if there is any possibility of price negotiation.
Step 5: Negotiate Terms or Add Conditions
See if you can negotiate the price for your house. The iBuyer may use algorithms to determine a price for the house. However, if you have the skill, you can get more value for the property. Sometimes, human interaction is needed in the negotiation process.
Step 6: Sign the Sales Agreement Digitally
Once the negotiation process is over, you can sign the house-selling deal. The iBuyer will provide you with the agreement digitally. You can sign digitally, and the buying process is complete.
Step 7: Close the Deal
The remaining document should be finalized within days. Once the entire document is prepared and the title of the house is transferred to the buyer, you can consider the deal to be closed.
If you are looking for iBuyers in Houston, Dallas, San Antonio, or any other place in Texas, you can get in touch with Sell Quick Home Buyers. It offers the best in the industry price.
Key Advantages of Working with an iBuyer
| Advantage | Description |
| Speed | Offers and closings are often within days |
| Transparency | Upfront pricing and digital records |
| Convenience | No middlemen or in-person paperwork |
| Innovation | Smart tools, remote access, and AI-driven options |
Advantages of Working with an iBuyer
Potential Downsides or Considerations
If the iBuyers offer to buy your house, they might offer a price that is lower than the market price. Besides, if you are in touch with an iBuyer who is not reliable, they might offer you a lower buying price.
Additionally, some buyers may not accept negotiations, similar to a traditional negotiation approach.
Get in Touch with an iBuyer, complete the Buying Process Fast
The iBuyers complete the property buying process seamlessly. You don’t need to worry too much about the complicated property handover process. From virtual inspection to price offering and property purchasing, all can be done comfortably from the comf
