Here’s a hypothetical for you:

Two individuals apply for the same type of loan at the exact same lender at the same time. Both loans are for the same amount, and the houses are very similar model homes right next to one another on the same street.

Before we go further, most would assume that the amount of money that both individuals would have to bring to closing would be virtually identical. Right?

In most cases, that’s actually incorrect… Continue reading →

Imagine being able to sell your home without the uncertainty of listing the property or the worry of setting up for an open house. That’s the vision the emergence of iBuyers has painted in the market.

An iBuyer is a company that purchases homes directly from homeowners with cash while allowing the sellers much more flexibility than a traditional sale. The iBuyer eventually closes on the property and resells it themselves – for a slight profit – either after performing minor renovations on the property or without. Continue reading →