iBuyer

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Instant buyer

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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.

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