iBuying is a new trend that may be popping up in several cities in the near future. The Dallas area markets may see the first set of these start-ups as their housing markets is forecast as a bubble market.

Several iBuying firms are popping up offering home sellers quick cash offers based on market valuation. They use technology to make a cash offer to buy a home that also bypasses the MLS listing service.

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The seller has zero representation in the transaction and this could spell trouble for inexperienced, elderly or financially strapped sellers. 

The theory behind the model is to sell your home with an algorithm not a realtor. In my experience working with investment companies, the buyer will offer the seller the lowest possible price to ensure the investor has room for upgrades and return on investment (ROI) should they decide to rent the property. This may not be applicable as many HOAs do not want investors purchasing homes and then turning an established homeowner subdivision into a rental market. I have been involved with this process on too many homes and the seller is most likely not satisfied with the terms.