iBuyer

English

Etymology

Blend of instant +‎ buyer. First attested in 2017.

Noun

iBuyer (plural iBuyers)

  1. (real estate) 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.
    • 2021 November 8, Stacey Vanek Smith, “iBuyers, Zillow, and 'the lemons problem'”, in The Indicator from Planet Money‎[1], via NPR:
      So iBuyers - these are companies like Opendoor, Redfin and Zillow. And they started doing this a few years ago - buying homes.
  • iBuying
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