{"id":5111,"date":"2023-04-04T08:06:13","date_gmt":"2023-04-04T12:06:13","guid":{"rendered":"https:\/\/ibuyer.com\/blog\/?p=5111"},"modified":"2023-11-02T07:25:53","modified_gmt":"2023-11-02T11:25:53","slug":"underneath-the-landscape-of-ibuying","status":"publish","type":"post","link":"https:\/\/ibuyer.com\/blog\/underneath-the-landscape-of-ibuying\/","title":{"rendered":"Underneath the Landscape of iBuying\u00a0and What 2023 Holds"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>Before 2014, people who wanted to sell their homes for cash would typically turn to independent cash buyers rather than institutional buyers. These cash buyers were individuals, not companies, and often advertised through signs placed around town that read \u201cWe buy houses for cash.\u201d In contrast, instant buyers\u2014now <a href=\"https:\/\/www.redfin.com\/blog\/what-is-an-ibuyer\/\" target=\"_blank\" rel=\"noreferrer noopener\">referred to as \u201ciBuyers\u201d<\/a>\u2014are real estate companies that purchase homes from owners in a quick cash transaction, make necessary repairs or improvements and resell the property.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"753\" height=\"740\" src=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-advantages.png\" alt=\"\" class=\"wp-image-5113\" style=\"width:565px;height:555px\" srcset=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-advantages.png 753w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-advantages-300x295.png 300w\" sizes=\"auto, (max-width: 753px) 100vw, 753px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>Benefits of using an iBuyer include a fast and easy sale without the need for a realtor, no realtor fees, no home preparation and the ability to sell without listing the home on the market. Homeowners can also close on their own terms, making the process more convenient.<\/p>\n\n\n<div class=\"card my-5 shadow-lg\">\n  <div class=\"card-body py-md-4\">\n    <div class=\"row align-items-center justify-content-center py-md-3 py-lg-2 py-xl-3\">\n      <div class=\"col-12\">\n        <p class=\"mb-4 h3 text-center\">\n          <span class=\"h4 text-primary font-weight-bold\">Compare Cash Offers from <span class=\"d-inline-block\">Top Home Buyers.<\/span><\/span>\n          <span class=\"mt-2 d-block font-weight-normal text-muted\">Delivered by Your Local iBuyer <span class=\"d-inline-block\">Certified Specialist.<\/span><\/span>\n        <\/p>\n      <\/div>\n\n      <div class=\"col-12\">\n        <div class=\"ui-v2 search-address-form bg-white py-0\">\n          <div class=\"row justify-content-md-center\">\n            <div class=\"col-12 col-md-7 pr-md-2\">\n              <div class=\"input-group mb-0 shadow-sm\">\n                <div class=\"input-group-prepend\">\n                  <div class=\"input-group-text bg-white border-right-0\">\n                    <div class=\"icon\">\n                      <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-geo-alt-fill\" viewBox=\"0 0 16 16\">\n                        <path d=\"M8 16s6-5.686 6-10A6 6 0 0 0 2 6c0 4.314 6 10 6 10zm0-7a3 3 0 1 1 0-6 3 3 0 0 1 0 6z\"><\/path>\n                      <\/svg>\n                    <\/div>\n                  <\/div>\n                <\/div>\n\n                <input type=\"text\" id=\"autocomplete4\" class=\"form-control form-control-lg px-0\" placeholder=\"Enter your home address\" autocomplete=\"off\" v-on:change=\"onAddressChange($event)\" v-on:keydown.enter=\"searchMyAddress($event)\" onfocus=\"this.autocomplete='smartystreets'\">\n\n                <div class=\"input-group-append\">\n                  <div class=\"input-group-text bg-white border-left-0 p-0\">\n                    <button type=\"reset\" id=\"clear-address-btn4\" class=\"btn px-2 h-100\" name=\"clear\">\n                      <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-x\" viewBox=\"0 0 16 16\">\n                        <path d=\"M4.646 4.646a.5.5 0 0 1 .708 0L8 7.293l2.646-2.647a.5.5 0 0 1 .708.708L8.707 8l2.647 2.646a.5.5 0 0 1-.708.708L8 8.707l-2.646 2.647a.5.5 0 0 1-.708-.708L7.293 8 4.646 5.354a.5.5 0 0 1 0-.708z\"><\/path>\n                      <\/svg>\n                    <\/button>\n                  <\/div>\n                <\/div>\n              <\/div>\n\n              <ul class=\"us-autocomplete-pro-menu4 autocomplete-menu\" style=\"display:none;\"><\/ul>\n            <\/div>\n\n            <div class=\"col-12 col-md-auto pl-md-2\">\n              <button type=\"button\" id=\"disabledHomeValue4\" class=\"btn btn-primary btn-lg btn-block mt-3 mt-md-0\" v-on:click=\"searchMyAddress($event)\" disabled=\"\">\n                Get My Home Value\n              <\/button>\n            <\/div>\n          <\/div>\n        <\/div>\n\n        <p class=\"h5 mt-4 mb-0 text-center font-weight-bold text-info\">\n          One Expert, Multiple Offers, <span class=\"d-inline-block\">No Obligation.<\/span>\n        <\/p>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Disrupting the Traditional Model:&nbsp;Tracing the Origins of iBuying<\/h2>\n\n\n\n<p>The term iBuyer was coined by Stephen Kim, an equity research analyst at Evercore ISI (International Strategy &amp; Investment) on May 29, 2017, in a report to clients titled \u201c<a href=\"https:\/\/www.inman.com\/2017\/06\/05\/ibuyers-like-opendoor-and-offerpad-could-boost-sales-reduce-commissions\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Rise of the iBuyer<\/a>.\u201d In this report, Kim introduced the term \u201ciBuyer\u201d to describe companies and investors that use technology and data analysis to quickly make cash offers on homes with the intention of reselling them for a profit. The term \u201ciBuyer\u201d has since become widely used in the real estate industry to describe this type of business model.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Leveraging Data Analytics to Achieve Accurate Valuations&nbsp;<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.corelogic.com\/wp-content\/uploads\/sites\/4\/downloadable-docs\/about-automated-valuation-models.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Automated Valuation Models (AVMs)<\/a> have been around since the late 1980s and early \u201890s, although they have become more widely used in the last decade with advancements in technology and data analysis. The first AVMs were developed by companies such as Freddie Mac and Fannie Mae to help them automate the mortgage underwriting process.&nbsp;<\/p>\n\n\n\n<p>Essentially, AVMs are computer algorithms that use data analytics and machine learning\u2014taking into account a variety of factors such as the property\u2019s location, size and recent sales prices of comparable properties\u2014to arrive at a valuation. ATTOM AVM (attomdata.com) is a prime example. They play a critical role in the iBuyer market, where speed is often a critical factor in securing deals, because they can analyze a wide range of data points that help iBuyers quickly make informed decisions about which properties to buy and at what price.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\"\/>\n\n\n<div class=\"wp-block-image is-style-rounded\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/mike-casale-machine-learning-specialist.jpeg\" alt=\"\" class=\"wp-image-5120\" style=\"width:150px;height:150px\" srcset=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/mike-casale-machine-learning-specialist.jpeg 800w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/mike-casale-machine-learning-specialist-300x300.jpeg 300w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/mike-casale-machine-learning-specialist-150x150.jpeg 150w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/mike-casale-machine-learning-specialist-768x768.jpeg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<blockquote class=\"wp-block-quote has-text-align-center is-style-large is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Currently, there are approximately 20 commercially available AVMs, and their unit costs range from about $1.50 to more than $12 per property valuation.&#8221;<\/p>\n<cite>\u2014 <a href=\"https:\/\/www.linkedin.com\/in\/michael-casale\" target=\"_blank\" rel=\"noreferrer noopener\">Mike Casale, Machine learning specialist<\/a><\/cite><\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\"\/>\n\n\n\n<p>AVMs are not foolproof, however, and their accuracy can be impacted by a range of factors such as changes in the housing market or inaccurate data. To ensure the precision of their valuations, iBuyers typically use a range of methods in addition to AVMs, such as human appraisals and property inspections. These complementary methods can help iBuyers identify any potential issues with a property and provide a more comprehensive picture of its value, ensuring the likelihood of an accurate offer.&nbsp;<\/p>\n\n\n\n<p>Machine learning specialist, <a href=\"https:\/\/mike-w-casale.medium.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mike Casale<\/a>, made these seven points about the automated valuation models:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>There are different types of AVMs, including distressed, contemporaneous, lender-grade, marketing-grade, and others.<\/li>\n\n\n\n<li>AVM reports can be used by a wide variety of individuals, including real estate lenders, real estate professionals, and government agencies, as well as individual researchers.<\/li>\n\n\n\n<li>Currently, there are approximately 20 commercially available AVMs, and their unit costs range from about $1.50 to more than $12 per property valuation.<\/li>\n\n\n\n<li>AVMs can be enhanced with assistance from local appraisers, which can improve accuracy, especially in more remote or rural areas.<\/li>\n\n\n\n<li>AVMs fall short in some areas, including the quality of data used to generate estimates and the lack of innovation in the outputs delivered to customers.<\/li>\n\n\n\n<li>AVM vendors can differentiate themselves by adding more value to the outputs they provide to customers, including reason codes, statistically derived confidence intervals, and explanations of the underlying data source used to generate the AVM estimates.<\/li>\n\n\n\n<li>The regulatory environment for AVMs is currently under review, with a focus on streamlining and simplifying the process while still ensuring consistency with safe and sound banking and valuation practices.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Meeting iBuyer Demand: Companies See a Need, Strive to Fill It<\/h2>\n\n\n\n<p>In 2014, Keith Rabois\u2014a venture capitalist, entrepreneur and former PayPal and Square executive\u2014<a href=\"https:\/\/techcrunch.com\/2014\/07\/07\/opendoor\/\" target=\"_blank\" rel=\"noreferrer noopener\">founded Opendoor<\/a>, an online home buying company that allows homeowners to receive a cash offer on their home at a fair price with just a few clicks of a mouse.&nbsp;<\/p>\n\n\n\n<p>Within months the startup had raised $9.95 million, much of which came from fellow VCs and Silicon Valley A-list investors. Initially launched in Phoenix, Opendoor soon expanded into several other U.S. markets, including Portland and Dallas. The company charges a <a href=\"https:\/\/www.inman.com\/2014\/12\/09\/next-gen-home-valuation-opendoor-will-buy-your-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">5% commission<\/a> or \u201cconvenience fee\u201d and covers most closing costs, including half of the escrow charges. \u201cIf you are considering selling your home, we instantly provide an offer at a fair price and give homeowners the freedom to move on their timeline,\u201d said Rabois in a statement around the time of the company\u2019s launch. As of 2023, Opendoor operates in more than 50 markets across the country.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Real Estate Market\u2019s Pandemic Challenges Affect iBuyers in 2022<\/h2>\n\n\n\n<p>The COVID-19 pandemic significantly impacted the housing market, leading to a surge in house flipping and residential real estate investing. According to real estate analytics firm CoreLogic, <a href=\"https:\/\/www.corelogic.com\/intelligence\/single-family-investor-activity-bounces-back-in-the-first-quarter-of-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">investors purchased a record high 28%<\/a> of all single-family homes in Q1 2022.<\/p>\n\n\n\n<p>The iBuyer trend was first initiated by Opendoor and its <a href=\"https:\/\/ibuyer.com\/top-ibuyers.html\" target=\"_blank\" rel=\"noreferrer noopener\">fast-following competitor Offerpad<\/a>, and later it was adopted by major players in the real estate industry, such as Redfin and Zillow.<\/p>\n\n\n\n<p>Zillow entered the iBuyer market in 2018 with the launch of Zillow Offers. The program allowed homeowners to receive cash offers from Zillow for their homes, with the option to sell directly to Zillow if they chose to accept the offer. Initially started in Phoenix, Zillow Offers rapidly expanded into other markets across the United States. In fact, it experienced such rapid growth that it overwhelmed the company and ultimately lead to its abrupt shutdown.&nbsp;<\/p>\n\n\n\n<p>In Q3 of its final year in operation, Zillow purchased more homes than in the previous 18 months combined, signifying the tremendous growth of the iBuyer business. By November 2021, however, Zillow announced that it would be <a href=\"https:\/\/www.mikedp.com\/articles\/2021\/11\/3\/zillow-exits-ibuying-five-key-takeaways\" target=\"_blank\" rel=\"noreferrer noopener\">exiting the iBuyer market<\/a> after racking up over $1 billion in losses over the course of 3.5 years. This move was predicted to disrupt the iBuyer market and force other companies in the space to reevaluate their business models.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"492\" src=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-home-sales.jpg\" alt=\"\" class=\"wp-image-5125\" style=\"width:600px;height:369px\" srcset=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-home-sales.jpg 800w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-home-sales-300x185.jpg 300w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/ibuyer-home-sales-768x472.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<p>That prediction proved true when Redfin made the decision to <a href=\"https:\/\/www.inman.com\/2022\/11\/09\/redfin-shuts-down-ibuyer-redfin-now-while-slashing-13-of-workforce\/\" target=\"_blank\" rel=\"noreferrer noopener\">shut down its RedfinNow iBuyer division<\/a> in November 2021. This move reduced its workforce by 13% and impacted as many as 264 employees from RedfinNow, along with 218 additional jobs from other departments. The company\u2019s decision to exit the space reflected the challenges and post-pandemic uncertainties the industry as a whole was facing. Both Zillow Offers and RedfinNow used AVMs to determine the value of homes and offer competitive prices to homeowners.<\/p>\n\n\n\n<p>An article published by <em>The Motley Fool<\/em> in September 2022 claimed that the <a href=\"https:\/\/www.fool.com\/real-estate\/2022\/09\/30\/first-zillow-now-opendoor-is-ibuying-doomed\/\" target=\"_blank\" rel=\"noreferrer noopener\">iBuying industry was facing significant challenges<\/a> due to fluctuations in the housing market. Furthermore, Opendoor Technologies Inc. (Nasdaq: OPEN), which was previously regarded as the dominant iBuyer in the market, was facing losses similar to Zillow. According to a <a href=\"https:\/\/www.theinformation.com\/briefings\/opendoor-lost-money-as-real-estate-market-turned-report-says\" target=\"_blank\" rel=\"noreferrer noopener\">report by YipitData<\/a>, Opendoor experienced losses of 42% on homes sold in August 2022.&nbsp;<\/p>\n\n\n\n<p>A closer look at the company\u2019s year-end financials shows that <a href=\"https:\/\/investor.opendoor.com\" target=\"_blank\" rel=\"noreferrer noopener\">Opendoor\u2019s performance<\/a> during the fourth quarter of 2022 was not as strong as it was during the same period in the previous year. In 4Q22, Opendoor reported revenues of $2.9 billion, reflecting a decline of 25% compared to the same quarter in 2021. Additionally, Opendoor&#8217;s sales figures for 4Q22 showed a decline of 23% from the previous year&#8217;s fourth quarter, with a total of 7,512 homes sold during this period.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"697\" src=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/open-stock.png\" alt=\"Opendoor stock price\" class=\"wp-image-5129\" srcset=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/open-stock.png 800w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/open-stock-300x261.png 300w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/open-stock-768x669.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.fool.com\/quote\/nasdaq\/open\/\" target=\"_blank\" rel=\"noreferrer noopener\">Opendoor stock price, The Motley Fool<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"697\" src=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/opad-stock.png\" alt=\"Offerpad stock price\" class=\"wp-image-5130\" srcset=\"https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/opad-stock.png 800w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/opad-stock-300x261.png 300w, https:\/\/ibuyer.com\/blog\/wp-content\/uploads\/2023\/04\/opad-stock-768x669.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.fool.com\/quote\/nyse\/opad\/\" target=\"_blank\" rel=\"noreferrer noopener\">Offerpad stock price, The Motley Fool<\/a><\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>Similarly, Offerpad Solutions Inc. (NYSE: OPAD) was <a href=\"https:\/\/investor.offerpad.com\/overview\/default.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">facing challenges<\/a> and not faring much better. Offerpad&#8217;s revenue declined by approximately 21.94% from the previous year&#8217;s fourth quarter, dropping from $867.5 million in 4Q21 to $677.2 million in 4Q22.<\/p>\n\n\n\n<p>These figures have led to concerns about the future of not only Opendoor and Offerpad, but also the broader iBuying business model. Don Mullen, CEO of New York-based real estate investment firm Pretium Partners, has expressed <a href=\"https:\/\/www.businessinsider.com\/top-housing-investor-ibuyers-opendoor-could-disappear-2023-2\" target=\"_blank\" rel=\"noreferrer noopener\">concerns<\/a> regarding the business models of both Opendoor and Offerpad. However, he was unequivocally bullish about the prospects of the single-family residential rental (SFR) industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Looking Ahead: What&#8217;s Next for iBuyers in 2023<\/h2>\n\n\n\n<p>The iBuyer model has emerged as a permanent fixture in the real estate industry. While many people associate iBuying with companies like Opendoor and Offerpad, it\u2019s important to remember that other players, such as <a href=\"https:\/\/investors.triconresidential.com\/company-profile\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tricon Residential Inc.<\/a> (TSE: TCN) as well as the privately held Amherst Holdings and First Key Homes are also significant players in the space. These companies, with their focus on data analytics and technology-driven solutions, are poised to become major players in the iBuyer market in the years to come despite the challenges faced by others in the industry.<\/p>\n\n\n\n<p>Fundamentally, iBuyer.com leverages its extensive technical expertise and well-established record of digital customer acquisition to connect individual homeowners with leading iBuyers (i.e., cash buyers) across the country, streamlining the home selling process for these homeowners and providing them with a <a href=\"https:\/\/ibuyer.com\" target=\"_blank\" rel=\"noreferrer noopener\">fast and hassle-free option to sell their property<\/a>.&nbsp;<\/p>\n\n\n<div class=\"card my-5 shadow-lg\">\n  <div class=\"card-body py-md-4\">\n    <div class=\"row align-items-center justify-content-center py-md-3 py-lg-2 py-xl-3\">\n      <div class=\"col-12\">\n        <p class=\"mb-4 h3 text-center\">\n          <span class=\"h4 text-primary font-weight-bold\">Instant Valuation, Confidential Deals<\/span>\n          <span class=\"mt-2 d-block font-weight-normal text-muted\">with a Certified <span class=\"d-inline-block\">iBuyer.com Specialist.<\/span><\/span>\n        <\/p>\n      <\/div>\n\n      <div class=\"col-12\">\n        <div class=\"ui-v2 search-address-form bg-white py-0\">\n          <div class=\"row justify-content-md-center\">\n            <div class=\"col-12 col-md-7 pr-md-2\">\n              <div class=\"input-group mb-0 shadow-sm\">\n                <div class=\"input-group-prepend\">\n                  <div class=\"input-group-text bg-white border-right-0\">\n                    <div class=\"icon\">\n                      <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-geo-alt-fill\" viewBox=\"0 0 16 16\"><path d=\"M8 16s6-5.686 6-10A6 6 0 0 0 2 6c0 4.314 6 10 6 10zm0-7a3 3 0 1 1 0-6 3 3 0 0 1 0 6z\"><\/path><\/svg>\n                    <\/div>\n                  <\/div>\n                <\/div>\n\n                <input type=\"text\" id=\"autocomplete5\" class=\"form-control form-control-lg px-0\" placeholder=\"Enter your home address\" autocomplete=\"off\" v-on:change=\"onAddressChange($event)\" v-on:keydown.enter=\"searchMyAddress($event)\" onfocus=\"this.autocomplete='smartystreets'\">\n\n                <div class=\"input-group-append\">\n                  <div class=\"input-group-text bg-white border-left-0 p-0\">\n                    <button type=\"reset\" id=\"clear-address-btn5\" class=\"btn px-2 h-100\" name=\"clear\">\n                      <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-x\" viewBox=\"0 0 16 16\"><path d=\"M4.646 4.646a.5.5 0 0 1 .708 0L8 7.293l2.646-2.647a.5.5 0 0 1 .708.708L8.707 8l2.647 2.646a.5.5 0 0 1-.708.708L8 8.707l-2.646 2.647a.5.5 0 0 1-.708-.708L7.293 8 4.646 5.354a.5.5 0 0 1 0-.708z\"><\/path><\/svg>\n                    <\/button>\n                  <\/div>\n                <\/div>\n              <\/div>\n\n              <ul class=\"us-autocomplete-pro-menu5 autocomplete-menu\" style=\"display:none;\"><\/ul>\n            <\/div>\n\n            <div class=\"col-12 col-md-auto pl-md-2\">\n              <button type=\"button\" id=\"disabledHomeValue5\" class=\"btn btn-primary btn-lg btn-block mt-3 mt-md-0\" v-on:click=\"searchMyAddress($event)\" disabled=\"\">\n                Get My Home Value\n              <\/button>\n            <\/div>\n          <\/div>\n        <\/div>\n\n        <p class=\"h5 mt-4 mb-0 text-center font-weight-bold text-info\">\n          Sell Smart, Sell Fast, Get Sold. <span class=\"d-inline-block\">No Obligations.<\/span>\n        <\/p>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Before 2014, people who wanted to sell their homes for cash would typically turn to independent cash buyers rather than institutional buyers. These cash buyers were individuals, not companies, and often advertised through signs placed around town that read \u201cWe buy houses for cash.\u201d In contrast, instant buyers\u2014now referred to as \u201ciBuyers\u201d\u2014are real estate companies [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":5143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ibuying"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Underneath the Landscape of iBuying\u00a0and What 2023 Holds<\/title>\n<meta name=\"description\" content=\"Discover the evolution of iBuying from cash buyers to the present day. 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