I-buying programs such as RedfinNow give homeowners the ability to sell their home without the need for a real estate broker that can result in hefty fees of up to 6%. There are many reasons in which these digital platforms are beneficial to home sellers and buyers, including if their home needs any exterior or interior renovations. When a home needs several cosmetic repairs, i-buying programs can be beneficial due to the ability to reach a closing price without rolling over any extra renovation costs.
- One plus of selling a home to an I buyer is that it removes the necessity of putting in money for cosmetic repairs, generally required before placing a house on the market.
- To decide if such a sale is sensible for you compare the 7% Redfin charge attached to guarantee sale, against the commission fees and cosmetic improvement dollars you would spend otherwise.
- One Redfin user was able to sell the family home and then rent it back until a new home was purchased.
“RedfinNow is Redfin’s instant offer program that makes a cash offer on your home, and closes within days, without any listings or showings.”