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08/11/2019

IBuyers cost sellers up to 15% of a home’s value, study finds

Offering ammunition to agents who argue that iBuyers are often deceptively expensive, a new study by real estate data analyst Collateral Analytics has determined that the typical cost of using an iBuyer ranges between 13 and 15 percent.

Entitled iBuyers: A new choice for home sellers but at what cost? the study conflicts with claims made by some iBuyers on just how expensive such services wind up costing homeowners. Opendoor, for example, represents its service as more affordable than a real estate agent. But if the new research is correct, using an iBuyer would generally cost consumers two to three times more money than if they simply used a traditional agent. https://www.inman.com/2019/08/08/ibuyers-cost-sellers-up-to-15-of-a-homes-value-study-finds/

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