Getting an Instant Offer Real Estate Deal For Your Home

There are several reasons why someone may want their house sold as quickly as possible. Maybe you’ve found your dream home but need to sell your current house before you can close. Or perhaps you’ve received a great job offer in a different state and have to move quickly.

Instant offer real estate deals, in which buyers use information about your home and data about recent nearby real estate transactions to make a quick offer on your house, can be a good solution to these types of situations.

See What a Cash Buyer Would Pay for Your Home

The housing market may be shifting, but real estate prices are still strong in many areas. Use HomeLight’s Simple Sale platform to request a no-obligation, all-cash offer for your home today.

Get Started

As of February 2024, cash sales accounted for one-third of all home purchases, the highest share in a decade, according to the National Association of Realtors. However, cash buyers typically offer less for homes than market value.

Many house-flipping companies abide by the 70% rule, meaning they’ll offer 70% of your home’s after-repair value (ARV) minus the cost of repairs. iBuyers pay closer to 85% of a home’s market value and typically charge fees of 5%–6%.

According to ATTOM Data Solution’s 2023 Year-End Home Sales report, all-cash sales were most prevalent in metropolitan areas in Georgia, Florida, and Arizona.

The possibility of a lower price may be outweighed by instant offer real estate transactions’ convenience, speed, certainty, and low stress levels for sellers.

This guide will explain how instant offer real estate deals work to help you decide whether this route is right for you.



from HomeLight Blog https://www.homelight.com/blog/instant-offer-real-estate/

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