Considering selling your home to an ‘iBuyer’? Read this first

An iBuyer is a tech-based real estate company that uses data analytics and algorithms to value homes and uses a huge war chest of investor funds to buy homes en masse.

Very Few Homeowners Could Define What an iBuyer Is

Only a little over a quarter of surveyed homeowners, or 27%, were able to offer an accurate definition of an iBuyer.

The study found that 65% of homeowners would consider selling to an iBuyer, which is pretty surprising (and a little puzzling).

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Nearly Two-Thirds of Homeowners Are Open to Selling to an iBuyer

iBuyers Haven’t Been Around Very Long

iBuyers are a relatively recent entrant into the homebuying arena; the very first iBuyer, Opendoor, was founded in only 2014.

In 2021, iBuyers accounted for only 1.3% of all U.S. homes sold, a tiny fraction of the market considering how deep-pocketed they are.

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iBuyers Haven’t Captured Much of the Housing Market — Yet

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