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Dunedin FL Homeowner - Know About 'Instant Cash' & iBuyer
Everything Dunedin Homeowners Need to Know About iBuyers and the “Instant Cash Offer”
28 Oct 2019 by Annette Lawrence
Dunedin, FL – iBuyers and “Instant Cash Offers”
Technology is changing the way we do almost everything, and real estate transactions are no exception. In fact, a new crop of tech companies wants to revolutionize the way we buy and sell homes. Those who understand that it is today’s buyers and sellers who are driving this change will be better able to deliver the services and options expected by the consumer.
iBuyer startups like Opendoor, Offerpad, and Properly are rapidly expanding into new territories, and now established players, like Zillow, are starting to get in on the action. Also known as Direct Buyers, these companies use computer algorithms to provide sellers with a quick cash offer to buy their home. If you were reading the local Tampa Bay news, you observed that these algorithms showed Crystal Beach, FL experiencing a 107% increase in home value. That should send up the red flag regarding algorithm accuracy.
While the actual market share of iBuyers remains small, their big advertising budgets have helped create a noticeable buzz in the industry. This has left many of my clients curious about ... more
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