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 Australian Inflatables For Sale 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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