Meaning of iBuyer | Babel Free

Definitions

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.

Examples

“So iBuyers - these are companies like Opendoor, Redfin and Zillow. And they started doing this a few years ago - buying homes.”

CEFR level