iBuying, or instant buying, is the latest twist in how real estate gets transacted. There are several big players in this category, including Opendoor, Zillow and Offerpad. eXp Realty also has its own iBuyer platform called ExpressOffers.
In this free report, we explain how iBuying works, who the dominant players are in the category and how their financial model works and whether iBuying is the best solution for sellers. Of course, many outlying factors go into selling such as expediency, efficiency and ease. iBuying could be a good choice for many homeowners who are selling, but we also provide a comparison of the two methods — iBuying and traditional real estate — to compare costs, amount of time and ultimately, value.
We also touch upon the unique attributes of eXp’s ExpressOffers program, which is an iBuying program that is more comprehensive to a seller. ExpressOffers agents are certified in iBuying and are able to provide sellers with both outcomes: iBuying and going the traditional real estate route.
The report’s conclusion is somewhat surprising — especially when factoring in the latest market data, including median home price, time on market, inventory and more.
Get your free report here.