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Ibuyers | From 'Urb to 'Burb Blog

Monday, February 10, 2020   /   by Vanessa Saunders

Can iBuyers overcome these five problems?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.

We wrote last week about how iBuyers like OpenDoor, Zillow Offers, Offerpad and Knock are threatening the existence of buyer agents. Judging from the response, it rattled a few cages. Realtors are slowly waking up to the presence of iBuyers as the concept spreads out across the country. But iBuyers are facing a few problems of their own which should be noted.

An iByer is a company or investor which uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers to close on a property quickly. Once sold, the company then turns around and resells the home, hopefully at a profit.

Their model simplifies the buying and selling of homes to a retail formula. Instead of Realtors acting as go-betweens, matchmakers for buyers and sellers who skim a little off the top, iBuyers are becoming home retailers - buying wholesale and selling (hopefully) at a profit. A six to 12 percent fee cu ...

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Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

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The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.