iBuyers gatecrash the all-cash offers party

Some home buyers are leaning on so-called iBuying firms to better compete by offering all-cash on the properties they target. iBuyers can help buyers by making cash-backed offers on their behalf or by providing financing to help draw attention to their offer in a bidding war, experts say. The National Association of Realtors reported that

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Cash buyers are getting harder to compete with

Cash is king in the real estate business, and proving that are so-called all-cash buyers who’re picking up more than half of all available homes for sale in some hot markets. Redfin reported this week that almost one third of all home purchases in the U.S. up to July 14 this year were paid for

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Opendoor says it will help buyers make cash offers

iBuying company Opendoor is responding to a slump in its business by helping customers who need to secure financing to buy a home make cash-backed offers that can improve the chances of their bid on a home being accepted. The company said that in order to take advantage of the offer, buyers will first need

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