CoreLogic reports that iBuyer (or Instant Buyer) transactions doubled in 2021 compared to pre-pandemic levels.
As its recent analysis showed, investor purchases accounted for about a quarter (26%) of all home purchases in Q3 2021, up from 16% seen in 2019.
iBuyers use technology to buy and resell homes quickly. When selling a home to an iBuyer, the seller gets a cash offer for the home "as is" and avoids the uncertainty of knowing when and if their home will sell and if repairs are needed.
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