The real estate market has been on fire for the past few years. Like other industries, a hot real estate market and rapidly evolving technology created the opportunity for new disruptive business models. iBuying (the "i" stands for instant) first started in 2014 with Open door pioneering the concept.
With iBuying, homeowners can sell their home directly to the buying agency without needing a real estate broker or agent. This can save money and avoid the challenges and costs incurred in traditional real estate transactions. Online companies give sellers instant cash offers on their homes, sight unseen. The buyer is offered a price based on a computer algorithm they are not looking to do major renovations. Typically, they want to sell quickly.
In 2018, Zillow jumped into the fray with their Zillow iBuyer Program
The housing market has certainly been interesting in the past few years. The past year has seen limited supply and growing demand for the rental market and home sales. In fact, despite historically low-interest rates, the industry had an extraordinary booming year. 2021 showed the most significant annual gains in single-family house values and rental prices, low foreclosure rates, and the highest number of home sales in 15 years.
Rental prices kept pace with housing. Rental prices for single-family homes increased 7.8% in 2021, an all-time high according to CoreLogic. The rental market exploded as remote workers and young familie...
New Hampshire's mountains: they're not just for winter. When it comes to summer fun, our real estate agents head for the hills and all the entertaining activities found at these wonderful local mountain resorts.
By Jennifer Adams Because we spent much more time at home, the pandemic created demand for a more luxurious home environment and lifestyle that spurred new trends, such as multiple Zoom-friendly home offices and study areas for kids. It also accelerated existing trends such as outdoor living spaces that function just as well