Opendoor

With iBuyers, sellers pay a price for convenience 

The iBuyer model may be new, but it appears to be catching on quick. The market for iBuyers has exploded, growing by 25% every year for the last four years as big names like Zillow and Redfin get in on the game. But what, exactly, do iBuyers bring to the table for home sellers? And, can this business model survive the housing market downturn so many are predicting? That’s what Collateral Analytics sought to answer in a recent paper on the topic, which offered a deep dive into the strength of the iBuying concept.