iBuyer program

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf real estate business model
gptkbp:aimsTo reduce transaction time
streamline home selling
gptkbp:cause faster closings
lower offers than market value
gptkbp:charge service fees
gptkbp:competitor traditional real estate agents
gptkbp:dependsOn big data
automated valuation models
gptkbp:emergedIn 2014
gptkbp:faced market volatility challenges
https://www.w3.org/2000/01/rdf-schema#label iBuyer program
gptkbp:involves algorithmic home valuation
direct home sales
instant home buying
quick cash offers
gptkbp:notableEvent Zillow exited iBuyer market in 2021
gptkbp:popularFor gptkb:United_States
gptkbp:usedBy gptkb:Opendoor
gptkb:Redfin
gptkb:Offerpad
gptkb:Zillow
gptkbp:bfsParent gptkb:Zillow_Offers
gptkbp:bfsLayer 6