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08/19/2022
What happened to iBuyers and how it affects your real estate plans.
What’s happening to iBuyers as our market slows? Interest rates are rising, and the market is calming down a bit. iBuyers were everywhere when the market was hot, so what are they doing now?
In case you didn’t know, iBuyers are cash buyers who usually provide instant offers, hedge funds, or similar investors. Some iBuyers have completely backed out of the market. Others are still in the game, but they’re offering less than they were a few months ago.
“No matter which side of the market you’re on, it’s critical you work with a skilled agent.”
This means buyers have more inventory at a lower price, and they don’t have to deal with as much competition for those homes, which is fantastic news. For sellers, this shift means they should not just take those instant offers. A year ago, these companies were making incredibly competitive offers, but today that’s not always the case.
You should work with an agent who knows how to work with traditional buyers and investors. Look for someone who can show you both retail offers and low-risk iBuyer ones. If you’re buying, you need to work with a person who can help you see homes quickly and ensure your offer stands out. No matter which side of the market you’re on, it’s critical you work with a skilled agent.
If you need any help with your buying or selling plans, call me at (770) 634-9710. I promise you’ll be glad you did.
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©2022 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.