Apps for home sellers to sell quickly

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If you’re looking for quick cash for your house, you now have several apps to choose from. The business plan for these apps are interesting:

Think of them as house-flippers that work for you. Sellers fill out an online questionnaire, and an iBuyer uses proprietary modeling to assess the home’s value. The company then makes an all-cash offer within 72 hours, sight unseen. (The iBuyer keeps a 6 to 10 percent commission off the price.) They make light renovations and relist the house at a markup. Home buyers can browse and make an offer via app.

It will be interesting to see how much participation these apps generate. There’s a lot of VC money behind these startups.

  

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