The 6 Best iBuyer Companies Ranked & Reviewed

Michelle Delgado

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Michelle Delgado

June 10th, 2022
Updated June 10th, 2022

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Best iBuyer companies | Pros & cons of selling to an iBuyer | Purchase criteria | iBuyers near me | How to choose | Buy before you sell services | FAQs

iBuyer companies

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The top two iBuyer companies are Offerpad and Opendoor. Offerpad is the most flexible, has the best customer service, and also offers free local moves. Opendoor has the largest purchase volume, generally pays the most, and is available in the most locations.

Other companies like RedfinNow, FlashHouse, Keller Offers, and RealSure also make instant offers, but they don't buy nearly as many houses and are mostly focused on getting you to list your home with one of their real estate agents.

Zillow used to have an iBuying division called Zillow Offers, but the company shut down their iBuying service in late 2021. Other companies, like Rocket Homes, have plans to start their own iBuying programs, but they have yet to launch.[1]

Overall, iBuyers are continuing to buy more houses. In 2021, iBuyers bought over 71,000 homes — about 1.3% of the market share. That's five times as many as 2020.[2]

iBuyer companies generally pay less than you could expect to get selling your house on the open market — the tradeoff for a convenient, predicable home sale.

In addition to paying less than market value for a home, the best iBuyers also charge a service fee that amounts to 5% or more of the final sale price. Additional closing costs (1–3%) and repair expenses (1–2%) are also deducted from the iBuyers' initial offer.

We recommend comparing offers from multiple iBuyers near you, then speaking with a local real estate agent who can evaluate your home and look at other recent sales in the neighborhood to establish a competitive listing price. You can start by requesting an offer from Offerpad, one of the top iBuyers, in just 3 minutes!

Enter your ZIP code to see if you qualify for an instant cash offer from Offerpad. 👇

The 6 best iBuyer companies in 2022

Offerpad

Offerpad

Full Review

Service Fee

5%

Closing Date Window

8–90 days

Average Rating

3.7 | 292 reviews

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

Offerpad promises the certainty of a cash offer and a fast closing on a date you choose. Of all the iBuyers, Offerpad has the most flexibility when it comes to closing (8—90 days) and is liked by customers for its personalized customer service and perks like a free local move.

Pros

  • Generous closing window compared to competitors
  • Late checkout option gives sellers up to 3 days to move out after closing
  • Access additional services, such as free local moves within 50 miles


Cons

  • You might face a 1% cancellation fee if you back out of the sale
  • Not as widely available as competitors like Opendoor

Offerpad is currently purchasing homes in 25 locations, including:

  • AL: Birmingham
  • AZ: Phoenix, Tucson
  • CA: Riverside, Sacramento, San Bernardino
  • CO: Denver
  • FL: Jacksonville, Orlando, Tampa
  • GA: Atlanta
  • IN: Indianapolis
  • KS: Kansas City
  • MO: Kansas City, St. Louis
  • NV: Las Vegas
  • NC: Charlotte (+ neighboring parts of SC), Raleigh
  • OH: Columbus
  • SC: Columbia
  • TN: Nashville
  • TX: Austin, Dallas-Fort Worth, Houston, San Antonio

As of April 7, 2022, Offerpad's average customer rating is 3.7 based on 292 reviews.

  • Website: www.offerpad.com
  • Phone: 844-388-4539
  • Email (Sellers): info@offerpad.com
  • Email (Buyers): buyers@offerpad.com
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Opendoor

Opendoor

Full Review

Service Fee

5%

Closing Date Window

14–60 days

Average Rating

4.3 | 2718 reviews

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

Opendoor is a good option for home sellers who need a fast, predictable sale with minimal hassle. While the price that Opendoor pays might be slightly below the value of comparable homes on the open market, the difference might be worth it for people who value convenience and speed.

Pros

  • 5% service fee is lower than competitors
  • Additional in-house services, including Opendoor Home Loans & OD Title
  • Highly rated in customers' online reviews

Cons

  • Offer prices may vary by market
  • Limited ability to negotiate
  • Buyers may find Opendoor's repairs insufficient

Opendoor is currently purchasing homes in 47 locations, including:

  • AZ: Phoenix, Tucson
  • CA: Los Angeles, Riverside, Sacramento, San Diego
  • CO: Denver
  • FL: Jacksonville, Orlando, Tampa
  • GA: Atlanta
  • MN: Minneapolis-St. Paul
  • NV: Las Vegas
  • NC: Asheville, Charlotte, Raleigh-Durham
  • OR: Portland
  • TN: Nashville
  • TX: Austin, Dallas-Fort Worth, Houston, San Antonio
  • UT: Salt Lake City

As of April 7, 2022, Opendoor's weighted average is 4.3 based on 2718 reviews.

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RedfinNow

RedfinNow

Full Review

Service Fee

5–13%

Closing Date Window

10–30 days

Average Rating

Not available

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

Compared to its competitors, RedfinNow handles a relatively small volume of iBuyer sales and has high service fees (up to 13%). However, RedfinNow shines in several niches, thanks to its willingness to accept older homes and its availability in a wide range of California cities.

Pros

  • Expanded presence in cities across California, including several not served by other iBuyers
  • Large and trusted corporate brand
  • Older homes (built after 1930) are eligible in select cities


Cons

  • Relatively expensive services fees (up to 13% of the offer price)
  • Relatively limited flexibility on closing window, compared to competitors

RedfinNow is currently purchasing homes in 31 locations, including

  • AZ: Phoenix
  • CA: Inland Empire, Los Angeles, Orange County, Palm Springs, Sacramento, San Diego, San Francisco
  • CO: Denver
  • TX: Austin, Dallas, Houston, San Antonio
  • WA: Seattle

As of April 7, 2022, RedfinNow does not have any verified customer reviews on reputable third-party review sites.

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FlashHouse

FlashHouse

Full Review

Service Fee

No service fee

Closing Date Window

14–60 days

Average Rating

5 | 207 reviews

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

If you don't mind leaving some money on the table from your home sale for the sake of convenience, FlashHouse could be a good option for you. There's no service fee, but FlashHouse says you should expect to get about 2% less than you would on the open market.

Pros

  • No service fee, which is a great value compared to some services that charge as much as 5%
  • 5-star average rating with reviews mentioning great customer service
  • Leaseback option lets you stay in your old home while you wait to close on the new one


Cons

  • No additional services like free local moving or cash-backed offers to help you buy a new home
  • Only available in select markets in Ohio

FlashHouse is currently purchasing homes in 3 locations.

  • OH: Akron, Cleveland, Columbus

As of April 7, 2022, FlashHouse's average customer service rating is 5/5 based on 207 reviews.

  • Google: 5/5 (104 reviews)
  • Reviews.io: 4.7/5 (19 reviews)
  • Facebook: {ibuyers.flashhouse.facebook_rating}/5 ({ibuyers.flashhouse.facebook_count} reviews)
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RealSure

RealSure

Full Review

Service Fee

8–17%

Closing Date Window

20–45 days

Average Rating

Not available

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

RealSure's goal isn't to buy homes like most iBuyers. Instead, it's mainly a lead generator for its parent company, which has over 30,000 agents. If you're interested in a cash offer, you're better off going with a traditional iBuyer like Offerpad or Opendoor.

Pros

  • No upfront enrollment fee or obligation to accept the cash offer
  • FlexStay option allows you to stay in your home after selling for up to 30 days


Cons

  • 8–17% service fee is up to 3 times as high as other services
  • You'll still need to market and stage your home, which isn't necessary for most iBuyers
  • Home eligibility requirements are stricter than other programs (no homes without central AC or heated with propane/oil)



RealSure purchases homes in 25 markets across 12 states.

  • AZ: Phoenix
  • CA: Los Angeles, Sacramento, San Diego
  • CO: Colorado Springs, Denver
  • FL: Deltona, Ft. Myers, Lakeland, Orlando, Sarasota, Tampa
  • GA: Atlanta
  • IL: Chicago
  • NC: Charlotte
  • OH: Columbus
  • SC: Charleston, Columbia
  • TX: Austin, Dallas, Ft. Worth, Houston, San Antonio
  • UT: Salt Lake City
  • WI: Milwaukee

As of April 7, 2022, there are not many verified reviews for RealSure available, likely because you access the program through a participating brokerage.

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Keller Offers

Keller Offers

Full Review

Service Fee

8–13%

Closing Date Window

15–90 days

Average Rating

Not available

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

Keller Offers' primary focus is to find leads for Keller Williams agents, not to buy homes like other iBuyers. We recommend using an iBuyer like Offerpad or Opendoor over Keller Offers because of its lack of transparency about its potentially high service fees.

Pros

  • 12-month, 0% interest loans let you fix up the home you're selling or just moved into
  • Ability to compare the cash offer to what you'd potentially earn on the open market before accepting


Cons

  • Must work with a Keller Williams agent to access the cash offer
  • Lack of transparency about service fees, which at 8–13%, can be much higher than other iBuyers

The Keller Offers Cash Offers program is available in 22 major markets across 13 states.

  • AL: Birmingham
  • AZ: Phoenix, Tucson
  • CO: Denver, Ft. Collins
  • FL: Jacksonville, Orlando, Tampa
  • GA: Atlanta
  • IN: Indianapolis
  • MO: Kansas City, St. Louis
  • NV: Las Vegas
  • NC: Charlotte, Raleigh-Durham
  • OK: Oklahoma City
  • SC: Columbia
  • TN: Nashville
  • TX: Austin, Dallas-Ft. Worth, Houston, San Antonio

As of April 7, 2022, we were unable to find many verified reviews on third-party sites like Google, Reviews.io, or Trustpilot.

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Our iBuyer ranking methodology

To rank the best iBuyer companies, the Clever Real Estate editorial team spent hundreds of hours researching each business. Next, we assigned each company a total score based on three categories: value, flexibility, and accessibility.

Each category is broken down into subcategories. For instance, when we talk about value, we look at factors like offer prices and service fees.

We also give more points to large national iBuyer companies with high purchase volume, and fewer points to companies that do iBuying as a side business.

For example, Offerpad earned points for its customer service and scored highly in the flexibility category because it allows for a closing time of up to 90 days.

Is selling to an iBuyer worth it?

If your home is eligible, selling to an iBuyer can be a simple, hassle-free alternative to selling your home on the open market.

For example, if you need to move quickly or if you have inherited a house, an iBuyer can be a way to get cash for the property fast while avoiding home showings and listings. But you may be sacrificing some cash for the convenience of going with an iBuyer, as selling on the open market will usually earn you more money.

Before you close with an iBuyer, the company will order a home inspection, often asking for a reduction in price based on repairs it deems necessary. The final offer on your home, therefore, will likely be less than you'd get on the open market, where you may have multiple offers from interested buyers instead of one take-it-or-leave-it offer from the iBuyer.

Pros and cons of selling to an iBuyer

👍 Pros
  • You can close a deal fast — sometimes in as little as 10 days.
  • You won’t have to spend time or money preparing, listing, and marketing your home.
  • You’ll probably receive a competitive offer.
  • All of the selling costs are deducted from your offer, so there are no out-of-pocket selling expenses.
👎 Cons
  • You’ll have to pay steep service fees (think 5% or more, plus 1–3% closing costs and possibly 1–2% in deductions for repairs).
  • You probably won’t get the same personalized service you would from a traditional real estate agent.
  • Your home might not qualify, due to strict selection criteria.
  • You won't be able to capitalize on the potential upside of getting multiple offers on the open market.

How to choose an iBuyer

First, you should research which iBuyers are available near you and then make sure that your home meets the companies' eligibility requirements.

Once you have a list of options, request offers from each iBuyer to compare the offers. When comparing the offers, don't simply choose the highest bid. Ask the company rep for repair estimates so you can have an accurate idea of what the final payment will be.

Look into the closing time frame for each company to see if it matches your goals. For example, Offerpad has a flexible closing date window of 10–90 days, but RedfinNow's is much more narrow at 10–30 days.

With all of your offers on the table, ask a real estate agent for advice. A qualified, experienced agent can give you advice on the fairness of the offer price and how much more you could possibly earn on the open market.

🖐 Clever can match you with local agents to help you make informed decisions.

Which homes qualify for most iBuyers?

iBuyer companies try to earn a profit by reselling homes — so they’re picky about what homes qualify. In a nutshell, they want to acquire homes they believe they can sell quickly and for a good price.

We reviewed the terms of service for the biggest iBuyer companies and found that most share similar criteria:

🏠 Type of home
Single family residential homes, condos, and townhomes
🌲 Lot size
0.5 to 1.5 acres
💰 Valuation
$100,000 - $600,000

Most iBuyer companies also look for homes that are owner-occupied and in good condition.

For example, an iBuyer might be happy to repaint your home or complete minor repairs — but major water damage, a cracked foundation, or unpermitted additions might cause them to back out.

If you’re not sure whether your home will qualify, it never hurts to submit your information. In most cases, you’ll receive your cash offer (or rejection) within 24–48 hours.

Finally, keep in mind that these are general criteria and exceptions do exist. Practically every iBuyer company offers a disclaimer that their practices vary according to the specific market you’re in.

Not eligible for iBuyers?

Looking for a real estate agent but short on time? Clever can connect you with top-rated listing agents in your area within 24 hours.

Our network of agents work for pre-negotiated low rates: just $3,000 for any home under $350,000, or 1% for more expensive homes.

Submit the form below for a free, no-strings-attached phone consultation with one of our Licensed Concierges.

Which iBuyer companies are available near me?

iBuyer
States
Offerpad
AL, AZ, CA, CO, FL, GA, IN, KS, MO, NV, NC, OH, SC, TN, TX
Opendoor
AL, AZ, CA, CO, FL, GA, ID, IN, MN, MO, NV, NJ, NY, NC, OH, OK, OR, SC, TN, TX, UT, VA
RedfinNow
AZ, CA, CO, GA, IL, MD, MA, MN, NV, NC, OR, TN, TX, VA, WA
FlashHouse
OH
RealSure
CA, CO, FL, GA, IL, NC, OH, SC, TX, UT, WI
Keller Offers
AL, AZ, CO, FL, GA, IN, MO, NV, NC, OK, SC, TN, TX

So far, iBuyers are primarily available on the west coast and in the south — but they all have plans for expansion. For example, Opendoor has publicly announced that it plans to operate in 100 markets in the coming years.[3]

Also consider: buy before you sell services

If you need to sell quickly and are looking to buy a new home, buy before you sell services like Knock and Orchard can help. These companies ensure that you have the money you need to make an upfront cash offer on a new home before you even sell your old one.

Unlike iBuyers, buy before you sell companies don't aim to buy your home — they simply help customers sell their homes on the open market after they move out. While this could take longer than selling to an iBuyer, you'll probably get more money for your house in the end. And, you'll be able to move into your new home first, leaving the old home vacant and ready for home showings.

Aside from its core iBuying business, Opendoor also has a home trade-in service for people who want to buy and sell, or for buyers who want to make competitive all-cash offers.

However, Knock and Orchard are our two top picks for buy before you sell services.

Service Fee

1.25%

Closing Date Window

Varies

Average Rating

4.8/5 (710 reviews)

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

Knock allows customers to purchase a new home before selling their old one. Unlike typical iBuyers, you'll sell on the open market with a traditional real estate agent. Knock will cover your old mortgage until your home sells — but you'll still eventually have to settle up, and costs can add up fast if your home sits on the market.

Pros

  • You'll sell on the open market, potentially receiving offers above fair market value
  • $25,000 advance for home repairs before selling
  • Compared to competitors, Knock accepts older homes (built after 1930)


Cons

  • Fees can add up quickly if your home sits on the market
  • You'll have multiple points of contact rather than one dedicated agent
  • Buyers will need to be proactive and independent in their home search

Knock is currently operating in 15 locations.

  • AZ: Phoenix
  • CO: Denver
  • FL: Fort Lauderdale, Jacksonville, Miami, Orlando, Tampa, West Palm Beach
  • GA: Atlanta
  • NC: Charlotte, Raleigh-Durham
  • TX: Austin, Dallas-Fort Worth, Houston, San Antonio

As of February 15, 2021, Knock's average customer rating is 4.8/5 based on 710 reviews.

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Service Fee

6%

Closing Date Window

14–60 days

Average Rating

4.6/5 (97 reviews)

✍ Editor's Take
Pros & Cons
Locations
Reviews
Contact

Orchard is a home trade-in service that allows you to purchase a new home by getting access to your current home's equity. You can then list your old home on the market with an Orchard listing agent.

If you need to move quickly, but still want to get top dollar for your home, Orchard is worth considering. However, Orchard only accepts newer homes compared to its competitors.

Pros

  • You'll have a generous 7-day window to consider Orchard's offer
  • Use Orchard's Offer Boost program to make a cash offer on a new home
  • If your home doesn't sell in 120 days, you can accept Orchard's guaranteed cash offer


Cons

  • Homes must be relatively new, compared to competitors (built after 1972 vs. 1930-1960)
  • Orchard's cash offers will likely be much lower than what you'd be able to sell for on the open market

Orchard is currently operating in nine locations.

  • CO: Colorado Springs, Denver
  • GA: Atlanta
  • NC: Charlotte, Raleigh-Durham
  • TX: Austin, Dallas-Fort Worth, Houston, San Antonio

As of February 15, 2021, Orchard's average customer rating is 4.6/5 based on 97 reviews.

SHOW MORE

» MORE: Home Trade-in Programs: How to Buy a House Before You Sell Yours.

Summary

Offerpad and Opendoor are our picks for best iBuyers.

Opendoor's 5% service fee is lower than the competition and has good customer reviews, but some customers have found its repairs to be lacking.

Offerpad has the most flexible terms and a customer-centric approach to business. It also offers to pay for your local move, potentially saving you thousands of dollars.

RedfinNow is well established in California and is available in a few markets where other services are not. It also purchases older homes (built after 1930) in certain cities. But customers should be wary of its high service fees (up to 13% of the offer price).

FlashHouse's 0% service fee is a huge plus, but it's only available in Akron, Cleveland, and Columbus, OH.

RealSure and Keller Offers are at the bottom of our list. These companies have service fees much higher than the competitors and mostly act as lead generators for their traditional brokerage services.

FAQs about iBuyer companies

What is the best iBuyer company?

Offerpad and Opendoor are our picks as best iBuyers. Offerpad offers great customer service and unique perks like free moving and a 21-day late checkout option. Opendoor covers the most cities, has the lowest fees, and uses the best technology. It generally makes the most competitive offers. Learn more about these and other iBuyers. 

Are iBuyer companies legitimate?

Yes, iBuyers are legitimate real estate companies that make cash offers on homes in select locations.

iBuyers price houses using a combination of proprietary algorithms and teams of real estate pricing experts.

Most iBuyers can provide sellers with an offer in less than 24 hours, and close in as little as 2 weeks. Learn more about the top iBuyer companies.

Which iBuyer offers the most?

Opendoor has a low service fee of 5% and generally pays the most for homes. However, Offerpad also has low service fees and offers to pay for local moves for free, which could save you money. We recommend getting several offers before moving forward with one company. Learn more about how iBuyers work.

Are iBuyers worth it?

An iBuyer can be a fast and convenient way to sell your home if you're willing to sacrifice profit for speed. iBuyers can close in as little as 10 days, giving you fast cash for your home. But if you're willing to wait, selling your home on the open market gives you the best chance to make the most money. Find out more about the best iBuyers.

Do iBuyers make good offers?

iBuyers' offers vary with the market conditions and from company to company, but they generally pay close to market value. Although, you may get more than market value if you sell your home on the open market. Learn more about what iBuyers pay.

ARTICLE SOURCES
[2]

Zavvie. "Q4 2021 Seller Preferences report." Updated February 1, 2022.

[3]

Opendoor. "Opendoor Investor Presentation." Updated September, 2020.

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