Hexbyte  Tech News  Wired Quick Cash for Your House? Yes, There Are Apps for That

Hexbyte Tech News Wired Quick Cash for Your House? Yes, There Are Apps for That

Hexbyte Tech News Wired

If you put your house up for sale, know that it’ll typically be on the market for about a month before you get an offer—an eternity when you’re hosting revolving-door showings, paying two mortgages, or trying to move in a hurry. Now a new category of companies called iBuyers wants to slash that time span to three days or less.

Think of them as house-flippers that work for you. Sellers fill out an online questionnaire, and an iBuyer uses proprietary modeling to assess the home’s value. The company then makes an all-cash offer within 72 hours, sight unseen. (The iBuyer keeps a 6 to 10 percent commission off the price.) They make light renovations and relist the house at a markup. Home buyers can browse and make an offer via app.

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