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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market. ” iBuyers registered a breakout year in 2021. Collectively, iBuyers purchased more than 71,000 homes in 2021, about a 1.3% national marketshare.

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Zavvie Releases Seller Preferences Report

RIS Media

Released recently zavvie, the report also details that iBuyers are back. And in Q2 2021, iBuyer purchases rocketed to nearly double their Q1 2021 total. – iBuyer purchases by Opendoor, Zillow Offers, Offerpad and Redfin Now, on average came in at 104.1% iBuyer service fees dropped in Q2 2021 to 5.1% versus 7.2%