The world's largest real estate franchise by agent count
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. This is right in line with the numbers we reported in this blog a few weeks ago with one of our own sales:“Quick-offer” company loses home sale. Contact the Thomas & Kauffman Team so we can discuss your particular situation if you are thinking of selling.