ibuyer means 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. Lexicurio rates it Sui generis — a strength score of 86 out of 100.
Etymology
Blend of instant + buyer. First attested in 2017.
noun
- 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.“So iBuyers - these are companies like Opendoor, Redfin and Zillow. And they started doing this a few years ago - buying homes.”