An iBuyer is a company, investor or group of investors that use technology to make an offer on your seller's home within minutes (or days), sight unseen, based on a proprietary valuation model. If your sellers choose to accept the offer, they can close in as little as 10 days.
In our ExpressOffers platform, we use the term iBuyer to mean Institutional Buyer. These iBuyers use a variety of investment vehicles and strategies to construct and diversify their real estate portfolios. Those strategies might include buying Fix & Flips, multi-family properties or Buy & Hold properties.