Investors: Need To Get Your Eyes On More Deals
Will you like to be part of our iBuyers Express Offers platform.
As an iBuyer you must meet the following criteria:
· The iBuyer must have purchased at least 25+ houses in cash within the last year.
· The iBuyer must be able to provide a POF (Proof of Funds) every 2 months showing they have the cash to close on properties within the offer range indicated in their Buy Box.
· The iBuyer must provide Entity’s Articles of Incorporation and a CASH Proof of Funds that matches their entity name.
Not ACCEPTED:
· No hard money lender letters will be accepted.
· No wholesalers / assignments of contracts. We only allow cash iBuyers into the platform.
· While they can have an internal brokerage (licensees) to buy or sell their own properties, they cannot have a brokerage that actively engages outside consumers to list and buy properties other than their own portfolio (i.e. they cannot be a competing brokerage).
What is an “iBuyer”?
An “iBuyer’’ is generally known in the real estate industry as a real estate investment company that uses an automated valuation model and other technology to identify, and then purchase, homes like yours that meet its purchasing investment criteria. After identifying homes that meet its investment criteria, an iBuyer may provide homeowners with written offers to purchase their homes (what we refer to as “Express Offers” in our Express Offers program).
IF A HOMEOWNER ACCEPTS AN OFFER FROM “iBUYER”?
If a homeowner accepts an iBuyer’s offer, then the homeowner and iBuyer enter into a purchase contract for the sale of the homeowners home to the iBuyer. After an iBuyer purchases a home, it may make improvements and/or repairs to the home, and/or shortly thereafter resell the home to a third-party buyer for a profit, or rent the home to tenants. It is our experience that most iBuyers choose to resell the homes they purchase to third-parties for a profit, while only some choose to rent the home to tenants.
If you are interested and will like to join our iBuyer platform please give me a call (302)300-6899 or email me at terrance.l.clark@exprealty.com