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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

And now, we’ve seen most of these early digital innovators, plus new startups and more traditional players, like Keller Williams (through Keller Offers ), broaden their scope with technology to become early iBuyer leaders. iBuyers are property companies that do the buying and selling of a home digitally. alone is worth about $40T.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

BBYS products enable homeowners to tap their current home equity to purchase the new home, meaning they can make larger down payments and reduce the cost of their loans. The original model was pioneered by the iBuyers and is historically the most expensive model for consumers.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales. Total credits to borrower cannot exceed actual closing costs.

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Guaranteed Rate acquires DTC lender Owning Corporation

Housing Wire

It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. The firm also has a zero down purchase mortgage program in California and several programs that appear related to iBuying.

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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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Here’s how to get an instant offer on your home

Housing Wire

Get quotes from a few different iBuyers. It will also include any fees or service charges, as well as any closing costs you may be responsible for. If you accept, you’ll typically get to choose your timeline and closing date (within limits, of course). Are you thinking about selling your home this fast and easy route?

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They decide to look into “What is an iBuyer?” After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . What is an iBuyer? What does iBuyer stand for?

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