The ibuyer is the sexy new shiny object in the Boston condo game. While the idea of a quick and easy sale sounds great, the reality is already much different – and, as the market transitions, their quotes and repair costs should get more conservative (and home sellers be less enamored).
The only local story I’ve heard was one where the ibuyer checked out the property in person, but then didn’t offer, saying it was outside their buying range. You can’t blame them for being picky, and only take the gravy. They will probably stick to the lower-end vanilla properties that are more predictable.
Here’s an article with more examples:
There has been a lot of hype around a newer real estate technology trend referred to as “iBuying.” In early April, Zillow announced that it was expanding its foray into the iBuyer space it originally launched in May 2017. Other companies like Opendoor, Knock, OfferPad and even Redfin are either engaged in the space or are testing services, but what does this mean for you as a homeowner thinking about selling?
As the co-founder of an NYC-based real estate platform, my inclination when evaluating real estate technology trends is simple: What does this mean for the consumer?
Read more from Forbes
Boston condos for sale: Sellers questions and answers
- When Selling a Boston condo what does the buyer pay for in closing costs.
- What do I need to do before putting my Boston condo on the market
- Why is the Fall season a good time to sell a Boston condo
- What are some tips on selling a Boston condo
- What mistakes to avoid when selling a Boston condo
- How can I predict changes in the Boston condo market
- What is a probate sale
- What is an Escrow company
- How to list your Boston condo for sale
- Myths about Boston condos for sale
- Boston condo sellers misconceptions
- What are some tips on selling my Boston condo
- What is Escrow
- When selling a Boston condo, what documents should you keep
- How does the rise of interest rates impact my Boston condo sale
- Finding a Boston condo broker
- Can Boston condominium prices hold up in a resessiom
- How to price your Boston condo for sale
- What is the biggest Boston condo real estate scam
- What mistakes Boston condo sellers need to avoid?
- Are we entering a Boston condo housing bubble?
