– List of iBuyer Companies
Zillow is certainly not alone in getting into this instant cash offer (iBuyer) business and flipping homes. They’re referred to as iBuyers. Other iBuyer companies like Opendoor, Knock, OfferPad and even Redfin are either engaged in the space or are testing services
While iBuying has been in full swing in places like Phoenix for several years, , the first iBuyers started working in Southern California in 2017. Nationally, iBuyer purchases represent about 0.2 percent of all U.S. home sales — “a drop in the ocean,” estimated real estate technology analyst Mike DelPrete of Boulder, Colorado.
According to a new report from Redfin, iBuyers purchased 3.1% of homes sold during the third quarter of 2019 in 18 markets, up from 1.6% last year. The markets where iBuyers purchased the most homes were in Raleigh, where iBuyers bough 6.8% of the homes; Phoenix, where iBuyers bought 5.1% of the homes; Atlanta, where iBuyers bought 4.4% of the homes, and Charlotte, where iBuyers bought 4.3% of the homes.
Homes sold by iBuyers in the third quarter stayed on the market for a median of 28 days, down from 74 days a year prior, Redfin said.
There’s quite a few other iBuyers out there. Here are the list of iBuyer Companies.
List of iBuyer Companies
- Keller Williams
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