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How iBuying Will Impact the Real Estate Industry in 2019
Guest Post By Jennifer Karami of RedfinDespite a softening market, technology will continue to radically transform the real estate industry in 2019 and beyond. This year, as home buyers continue to scrap for top dollar offers, a new trend has emerged into the national spotlight. Armed with advantages in reliability, speed, and ease, iBuyer programs will storm new markets. Whether it be in areas like Bellingham, WA , or larger markets like Los Angeles, 2019 will be the year that iBuyers are put to the test.
There is a subset of sellers who are willing to sell their house under market value in exchange for fast cash. In order to understand them, we must understand how iBuyers work, their valuation model and pricing structure, and why sellers choose iBuying.
What is an iBuyer?An iBuyer is a type of real estate company that evaluates a home’s worth and makes an instant offer online. These instant offers allow sellers to close in under two weeks. After completing the process and accepting an offer, iBuyers will make any necessary repairs or renovations and then resell the home for a profit.
How Does an iBuyer Calculate a Home’s Worth?An Automated Valuation Model (AVM) is a computer program used by home appraisers to estimate ... more

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