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The Next Evolution of iBuyers: ‘Power Buyers’

RIS Media

Power Buyers solve this for sellers by helping them buy without a loan contingency before they sell. Stefan Peterson is co-founder and chief data officer of zavvie, a technology company that is empowering the modern agent by making it easy to provide today’s consumers all the selling options: iBuyers, bridge and open market.

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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

The data show that consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market.

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zavvie Releases 2022 Seller Preferences Report

RIS Media

According to the report, consumers gained an advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. iBuyers registered a breakout year in 2021, by increasing revenue fivefold year-over-year according to a new report from zavvie. Using a Cash Offers program, homebuyers averaged just 1.1