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).
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.