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iBuyer. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Noun
iBuyer (plural iBuyers)
- (real estate) A company which offers to buy real estate (usually residential) quickly for cash, often without the level of due diligence exercised by traditional buyers and using computer algorithms to determine price.
2021 November 8, Stacey Vanek Smith, “iBuyers, Zillow, and 'the lemons problem'”, in The Indicator from Planet Money, via NPR:So iBuyers - these are companies like Opendoor, Redfin and Zillow. And they started doing this a few years ago - buying homes.