6 Top iBuyer Companies in 2026: Which One Fits South Florida Sellers?

If you are looking at iBuyer companies in South Florida, you have heard the pitch. Skip the showings, skip the back and forth, get a cash offer in 24 hours, and close when it suits you. The full picture is messier than that. Six companies buy homes across Palm Beach County, Broward County, and the Treasure Coast in 2026, and they each run differently. The fees are different. The coverage maps are different. And the gap between what they offer and what the open market would actually pay is sometimes large. This guide walks through all six so you know what you are signing up for before you sign anything.

Key stat: iBuyer offers usually land 5 to 10 percent below open-market value, and service fees add another 3 to 6 percent, according to several 2025 consumer studies. On a $500,000 South Florida home, that can be $40,000 to $80,000 you do not get compared to a properly marketed listing.

What an iBuyer is and how they work in Florida

An iBuyer, short for instant buyer, is a tech-driven company that uses automated valuation models to make near-instant cash offers on homes. They buy the property, do light repairs or cosmetic work, and resell it for a profit. You pay a service fee that works like a commission, plus closing costs, and the company keeps the spread between what it paid you and what it sells the home for.

Florida is one of the busiest iBuyer states in the country. The reasons are practical: high transaction volume, fairly uniform housing stock in the suburbs, and the FAR/BAR "as is" contract that keeps purchases clean. Title companies handle closings here instead of attorneys, which speeds things up. Cash sales in Florida can close in as little as 7 to 21 days.

Two big names have already left the business. Zillow Offers shut down in 2021 and Redfin Now shut down in 2022, both saying they could not price homes accurately at scale. The companies still running have tightened their models a lot since then.

The 6 iBuyer companies active in South Florida in 2026

1. Opendoor, the most active in South Florida

Opendoor is the biggest remaining iBuyer in the country and the most active one here. They cover most of Palm Beach County, including West Palm Beach, Boca Raton, Delray Beach, Boynton Beach, Palm Beach Gardens, and Wellington. They cover most of Broward County too: Fort Lauderdale, Hollywood, Coral Springs, Pembroke Pines, and Pompano Beach. They also buy in a good chunk of Port St. Lucie zip codes in St. Lucie County.

• How it works: you enter your address online, get a preliminary offer within 24 hours, schedule a free assessment, then accept or decline the final offer.
• Service fee: 5 percent of the sale price, advertised as "as low as 5 percent." Higher-risk homes pay more.
• Typical discount vs. market: 5 to 8 percent below comparable sales, depending on condition and the market.
• What sellers like: the widest coverage in South Florida, a flexible closing date anywhere from 14 to 60 days, and no showings or open houses.
• What to watch: the offer can drop after the home assessment, and the fee plus discount together can cost $50,000 to $70,000 on a mid-range South Florida home versus a traditional sale.

2. Offerpad, active in Florida metro areas

Offerpad is Opendoor's closest competitor and operates in several Florida metros. Their South Florida coverage is pickier. They concentrate on higher-density suburban markets in Broward and northern Palm Beach County where homes are standardized and easier to resell. Coverage in St. Lucie County is thin and depends on the specific address.

• How it works: a similar instant-offer flow. Offerpad also runs an "Offerpad Express" option for a faster close with no inspection.
• Service fee: 5 to 6 percent.
• Typical discount vs. market: 6 to 9 percent below market, though Offerpad has at times been a little more competitive than Opendoor in certain submarkets.
• What sellers like: a free local move within 50 miles, plus the option to stay in the home for 3 days after closing, which helps relocation sellers.
• What to watch: a smaller South Florida footprint than Opendoor, with gaps in rural areas and coastal luxury markets.

3. HomeLight Cash Offer, the agent-paired hybrid

HomeLight Cash Offer is built differently from a pure iBuyer. Instead of buying your home with its own money, HomeLight connects you with a partner agent who presents a cash offer backed by HomeLight's lending facility. You get cash certainty, but you keep working with a licensed agent who can also list the home if you turn the cash offer down.

• How it works: HomeLight matches you with a local agent, and the agent presents a guaranteed cash offer backed by HomeLight. Accept it and you can close in as little as 10 days. Prefer to list, and the agent markets the home the traditional way.
• Service fee: roughly a 3 percent agent commission plus a HomeLight platform fee that varies by market.
• Typical discount vs. market: 5 to 7 percent below market, in line with other iBuyers, but the agent relationship gives you a real market reference point.
• What sellers like: you keep a fallback listing option, you get agent expertise, and the combined fee can run lower than some pure iBuyers.
• What to watch: coverage depends on HomeLight's local agent network, and it is not truly a direct buyer.

4. Knock Home Swap, the trade-in model

Knock runs a fundamentally different model. Rather than just buying your current home, Knock's "Home Swap" program helps you buy your next home before you sell your current one. That solves the contingency problem that costs a lot of South Florida sellers a deal.

• How it works: Knock fronts equity from your current home so you can make a non-contingent offer on the next one. Once you move in, Knock helps list and sell the old home the traditional way. If it has not sold within 6 months, Knock buys it as a backstop.
• Service fee: roughly a $1,450 program fee plus carrying costs. There is no traditional iBuyer spread, since the goal is a normal sale of the old home.
• Typical discount vs. market: minimal in most cases. The old home goes on the MLS and sells at market rather than getting bought at a discount by Knock.
• What sellers like: you solve the contingency problem without taking a deep discount, which is ideal for move-up buyers in competitive markets.
• What to watch: you have to qualify for the bridge loan, and it does not work if you need to cash out entirely, such as a move out of state.

5. Close.com, a newer entrant

Close.com, which is not the CRM software of the same name, is a newer cash-offer platform expanding in Sun Belt markets. Its South Florida presence is still building as of mid-2026, mostly in the Fort Lauderdale and West Palm Beach core MSAs. They market themselves as paying higher cash offers than the legacy iBuyers by running a lighter renovation model.

• How it works: AI-driven valuation, an offer within hours, and a close in as little as 7 days.
• Service fee: roughly 5 percent, with variation by property and market.
• Typical discount vs. market: reported at 4 to 7 percent. The newer model leans on competitive offers to win market share.
• What sellers like: it can be faster than the legacy players, and it will sometimes move on properties that Opendoor and Offerpad decline.
• What to watch: a shorter track record, less coverage in South Florida's rural and coastal zip codes, and a company with less financial history behind it than Opendoor.

6. Sundae, the investor marketplace model

Sundae is not an iBuyer in the usual sense. Instead of buying your home itself, Sundae lists your property on a private marketplace where hundreds of pre-vetted investors submit competing cash offers. That can be worth a lot if your home is in distressed condition, which is the segment traditional iBuyers routinely turn down.

• How it works: Sundae assesses your property, virtually or in person, lists it to its investor network, and brings back several competing offers within a few days. You pick the best one and pay no seller-side fee.
• Service fee: zero to the seller. Sundae collects from the buyer side.
• Typical discount vs. market: 10 to 20 percent below market is common, because investor buyers price in renovation costs and a profit margin. That said, multiple competing offers can narrow the gap compared with a single off-market offer.
• What sellers like: it is the best option for homes in poor condition or with title and legal complications, there is no seller fee, and the competing offers cut down on lowball risk.
• What to watch: it carries the deepest discount of any option here, so it is the wrong choice for a move-in-ready home that a traditional listing would net far more on.

iBuyer comparison: a side-by-side snapshot

The list below pulls together the variables that matter most for South Florida sellers. Coverage and fee structures change often, so confirm current terms with each company before you decide.

• Opendoor: covers Palm Beach, Broward, and most Port St. Lucie zips. 5 percent fee. 5 to 8 percent below market. Best for a fast, low-effort sale.
• Offerpad: focused on Broward and north Palm Beach County. 5 to 6 percent fee. 6 to 9 percent below market. Best for relocation sellers, since the move is included.
• HomeLight Cash Offer: coverage varies by agent network. Roughly 3 percent plus a platform fee. 5 to 7 percent below market. Best for sellers who want agent guidance with cash certainty.
• Knock Home Swap: covers major Florida MSAs. Roughly $1,450 plus costs. Minimal discount, since the home is MLS-listed. Best for move-up buyers solving the contingency problem.
• Close.com: covers the Fort Lauderdale and West Palm Beach core. Roughly 5 percent fee. 4 to 7 percent below market. Best for sellers Opendoor or Offerpad declined.
• Sundae: covers selective Florida markets. No seller fee. 10 to 20 percent below market. Best for distressed or as-is properties.

iBuyer vs. local cash buyer vs. traditional listing: which is right for you?

The right move depends on your situation, not on a universal ranking. Here is how the three paths compare for South Florida sellers.

• Traditional listing: this nets the most money in most cases, assuming the home is priced and marketed well. The trade-off is showings, buyer financing risk, and a 30 to 60 day closing timeline. It is the right call for sellers who have time and a move-in-ready home.
• iBuyer: you trade money for certainty and speed at a predictable cost. If convenience is worth $30,000 to $60,000 to you, because you are relocating, dealing with a life event, or simply do not want to manage the process, an iBuyer gives you that. It works best on suburban, standardized homes where the algorithms price accurately.
• Local cash buyer: a local buyer, such as Pure Equity Realty's Florida cash home buyers program, can often close as fast as an iBuyer, in 7 to 21 days, with a more personal offer process and no service fee skimmed off after the fact. Local buyers also have flexibility on the unusual properties that algorithms struggle to price, like custom homes, estate situations, and land. And they understand the South Florida details that national platforms treat as risk and discount heavily: flood zones, wind mitigation, and HOA dynamics.

If you want to weigh all three options on your specific home, our free home valuation tool gives you a market-based starting point, and our team can show you what a cash offer would look like next to a traditional listing estimate.

Thinking about selling in South Florida? Before you accept any iBuyer offer, get a second opinion from someone local. Pure Equity Realty gives free, no-obligation home valuations across Palm Beach, Broward, and St. Lucie Counties. Get your free home value estimate, look at our fast-sale options, or contact our team to talk through whether an iBuyer, a local cash buyer, or a traditional listing fits your home and your timeline.

Frequently asked questions

Do iBuyers buy homes in all South Florida zip codes?

No. Coverage maps change often and differ by company. Opendoor has the broadest South Florida footprint, covering most Palm Beach and Broward County zip codes and many in Port St. Lucie. Offerpad and Close.com are more selective. Coastal luxury markets, rural areas, and homes on large lots or in unusual condition get declined by national iBuyer algorithms all the time. If one company tells you "we do not buy in your area," try the others, or talk to a local cash buyer who is not boxed in by an automated coverage model.

How much below market value do iBuyers offer in Florida?

Plan on iBuyer offers running 5 to 10 percent below open-market comparable sales, with another 3 to 6 percent in service fees. That is a combined cost of 8 to 16 percent compared with a well-run traditional listing. On a $500,000 South Florida home, that range is $40,000 to $80,000. The gap tends to be wider in rising markets, where the iBuyer's model lags climbing prices, and narrower in flat or falling markets, where a fast, certain sale carries real value.

Is selling to an iBuyer worth it in South Florida?

It comes down to your priorities. If you are relocating for a job, going through a divorce or an estate settlement, or you just want zero showings and a locked-in close date, the cost of an iBuyer offer may be well worth it. If your priority is the highest net proceeds and you can sit through a 30 to 60 day marketing period, a traditional listing almost always comes out ahead. There is also a hybrid play: get an iBuyer quote and a traditional listing estimate at the same time. It costs nothing and lets you decide with real numbers in front of you.

What happened to Zillow Offers and Redfin Now?

Both programs closed. Zillow Offers shut down in November 2021 and Redfin Now in November 2022. Zillow said it could not forecast home prices accurately at scale, which left it with big losses on its own inventory. Redfin Now was discontinued as Redfin restructured. Those exits made the point that iBuying is a capital-heavy, low-margin business that takes a hard hit in a downturn, which is one good reason to check the financial health of any iBuyer platform before you sign a contract.

Based on publicly available company disclosures, consumer research reports from Clever Real Estate and Redfin (2024 to 2025), and local market data. Fee ranges and coverage areas are subject to change; verify current terms directly with each company. Published June 2026.