Best iBuyer companies | Pros and cons of selling to an iBuyer | Purchase criteria | How to choose | iBuyers near me | FAQ
The top iBuyers and cash offer companies
| Company | Avg. rating | Service fee | Time to close |
|---|---|---|---|
| 🏆 Clever Offers | 5.0 (2,589 reviews) | Varies | Varies |
| Offerpad | 4 (2,656 reviews) | 6% | 8–60 days |
| Opendoor | 4.2 (3,419 reviews) | 5% | 14–60 days |
| Orchard | 4.8 (1,184 reviews) | 6% | 14–60 days |
| Knock | 4.8 (810 reviews) | 2% | Varies |
iBuyers and cash offer companies can help you sell your house fast for cash. These companies differ significantly by offer amount, speed, and fees.
Our list of top iBuyer companies includes only two true iBuyers — Offerpad and Opendoor — because they're the only nationwide ones currently operating. Other iBuyers, including Zillow Offers and RedfinNow, have shut down in recent years.
Fortunately, other companies and real estate investors can also help you sell your home fast. Some companies, like Clever Offers, let you compare multiple cash offers, while others offer home trade-in services. We included these companies alongside traditional iBuyers so you can make the best choice for your home sale.
Clever Offers
Get OffersPhone Number
Time to Offer
Time to Sale
Clever Offers is an easy way to compare multiple cash offers at once so you can get the most money for your home. Clever will also provide a free home value estimate so you know what your home is worth on the open market. Then you can decide if selling to a cash buyer company is worth it or if you'd rather list with an agent for maximum value.
Clever Offers provides you with fair cash offers from top institutional buyers, local and regional real estate investment firms, and more.
Steps to sell with Clever Offers:
- Fill out an online form with a few details about your home.
- Answer questions about your selling timeframe and the condition of your home.
- Sit back and relax while your Clever Home Concierge collects multiple cash offers on your behalf.
- Choose to accept an offer, ask the Concierge to look for better offers, or work with a top local agent to sell on the open market for just 1.5% commission.
Clever Offers is available in all 50 states and Washington, DC.
As of 11/6/2023, Clever has an average customer rating of 5.0 on Trustpilot, based on 2,589 reviews.
Offerpad
Full reviewService fee
Closing date window
Average rating
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 (8–60 days) and is liked by customers for its personalized customer service and perks like a free local move.
Pros
- There's a longer closing window compared to competitors.
- The late checkout option gives sellers up to three days to move out after closing.
- You can access additional services, such as free local moves within 50 miles.
Cons
- There's a 1% cancellation fee if you back out of the sale.
- It's 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: Colorado Springs, Denver, Fort Collins
- FL: Jacksonville, Orlando, Tampa
- GA: Atlanta
- IN: Fort Wayne, 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 8/7/2023, Offerpad's average customer rating is 4 based on 2,656 reviews.
- Review.io: 2.1 (21 reviews)
- Better Business Bureau: A+ | 4.18 (262 reviews)
- Website: offerpad.com
- Phone: (844) 388-4539
- Email (sellers): [email protected]
- Email (buyers): [email protected]
Opendoor
Full reviewService fee
Closing date window
Average rating
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
- The 5% service fee is lower than some competitors.
- Many customer reviews rate the company highly.
Cons
- Offer prices may vary by market.
- You have a 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 8/7/2023, Opendoor's weighted average is 4.2 based on 3,419 reviews.
- Reviews.io: 4.4 (3078 reviews)
- Better Business Bureau: 1.57 (180 reviews)
- Website: opendoor.com
- Phone: (888) 352-7075
- Email: [email protected]
Orchard
Full ReviewService fee
Closing date window
Average rating
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 top dollar for your home, Orchard is worth considering. However, Orchard only accepts homes built between 1920 and 2020 and worth between $200,000 and $1 (or $1.5 million, depending on the market).
Pros
- You can 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 what competitors accept (built after 1972 vs. 1930–1960).
- Orchard's cash offers will likely be much lower than what you could sell for on the open market.
Orchard is currently operating in these locations:
- CO: Denver
- GA: Atlanta
- TX: Austin, Dallas–Fort Worth, Houston, San Antonio
As of 10/21/2022, Orchard's average customer rating is 4.8/5 based on 1,184 reviews.
- Trustpilot: 4.8/5 (2.71/5 (14 reviews)
- Website: orchard.com
- Phone: (844) 515-9880
- Email: [email protected]
Knock
Full reviewService fee
Closing date window
Average rating
Knock allows customers to purchase a new home before selling their old one. 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.
- You get a $35,000 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 select cities in these states: AZ, CA, CO, FL, GA, IL, MD, MI, MN, NC, OR, SC, TN, WA.
Knock's weighted average is 4.8/5 based on 810 reviews.
- Better Business Bureau: 4.35/5 (17 reviews)
- Zillow: 4.8/5 (750 reviews)
- Website: knock.com
- Phone: (866) 996-1695
- Email: [email protected]
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
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How to choose an iBuyer
Each iBuyer company has unique perks that might or might not matter to you when you're getting ready to sell. Some factors to consider include:
- Closing times: What's the minimum/maximum number of days the iBuyer can allow for closing on your home?
- Service fees: How much does the company charge (percent of the sale price)? Are there any additional fees?
- Backup options: Can you stay in your home for a couple of extra weeks if your plans change? Will the company be accommodating if you need to cancel the sale?
A local real estate agent can help you weigh these and other important considerations if you're serious about selling to an iBuyer.
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 real estate market you’re in.
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: 1.5% listing fees (half the typical rate).
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 |
|---|---|
| Clever Offers | Available nationwide |
| 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, DC |
| Orchard | CO, GA, MD, NC, OR, TX, VA |
| Knock | AZ, CA, CO, FL, GA, IL, MN, NC, SC, TN, TX |
iBuyers are available in most states, but they typically operate only in major metropolitan areas. They also tend to focus on cities in the south and along the east and west coasts. As of 2023, Opendoor operates in over 50 markets, while Offerpad operates in 28.
Summary
If you want to sell fast for cash, either of the top iBuyer companies could work for you. If you have some extra time, you might consider a home trade-in service. This service gives you the security of a guaranteed sale — but often at the expense of high fees.
Before accepting an offer, you’ll want to compare nationwide brands like Opendoor and Offerpad to local cash buyers.
Clever Offers makes it easy to compare offers, which is why it's the best option for most sellers considering iBuyers. With Clever Offers, a concierge gets you multiple offers from reputable iBuyers and cash buyers in your area.
You can also get a free home valuation from a real estate agent. With this information, you can compare your cash offers with what you could get on the open market. Try Clever Offers for free today!
FAQ 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 fair 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.
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