The iBuyer is back in full swing
Atlanta | COVID-19 | Home Owners | Real Estate | What's going on! |
At the height of the COVID-19 lockdowns in March and April, the real estate market took a hit including the iBuyer market. However, it wasn’t down for long and the need for the iBuyer did not go away. Actually, quite the opposite.
For people who are looking for a convenient, quick and simple selling experience, going with an iBuyer like Offerpad, Zillow or Opendoor may be a good option. Now with the desire to keep foot traffic low when selling, an iBuyer may be even more attractive.
“I think that’s something that consumers are starting to prioritize, which is, how do we make the transaction more digital, how do I find services to make the transaction more digital,” OpenDoor CEO Eric Wu said in a recent Inman News article.
“Because of COVID-19, there’s this new theme around safety, so [we offer] a contactless experience to buy and sell,” Wu stated.
However, this extra safety, simplicity and ease comes at a price. With the market hitting record highs in sales price, it’s important to weigh your options and what you’re looking to achieve when you consider listing your home, outside of the obvious.
Despite the rise in digital real estate transactions on a whole, they only account for less than 1% of total transactions according to Wu.
To HERE read the article “Opendoor CEO: Despite COVID-19, iBuyers are ‘full steam ahead'” in it’s entirety.