An iBuyer buys your home directly. The “offer” is the sale price — there's no waterfall, no true-up, no listing. You trade a discount to market value for speed and certainty. The right tool for homes that are hard to list (relocation deadlines, inherited property, inter-family transfers) and the wrong tool if your listing would attract multiple offers.
The economic difference sounds subtle but it's the whole game: in an iBuyer transaction, you are selling your home at the stated price. In a Cash Offer Plus transaction, you are borrowing against your home at the stated price while the program lists it on your behalf. That's why iBuyer net proceeds are typically 82–85% of fair market, while Cash Offer Plus averages 90%+.
The honest case for an iBuyer: you need out, and you need out now. No showings, no repairs, a 10-to-30-day close, and a clean title transfer. The product exists for sellers who are solving for a constraint that isn't price.
| Program | Offer vs. market | Primary fee | Repair deduction | States | Rating | |
|---|---|---|---|---|---|---|
| Opendoor | ~82% | 5% | Itemized | 45 | 7.1 | Review |
| Opendoor Cash Plus | ~84% | 6.5% and up | Itemized | 3 pilot | 7.1 | Review |
| Offerpad | ~82% | 6% + repairs | Estimate + inspection | 8 | 6.2 | Review |
We'll line them up for your home, your state, and your timeline — with the net-proceeds math attached.
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