iBuyers are real estate companies that offer a service of allowing customers to buy and sell property on demand. The company buys your home for a price that their algorithm puts on it, which then allows you to either make a non-contingent offer or cash-like offer at will.
Even though this strategy sounds perfect, there are still some downsides. Some businesses change their model, locking you into something you didn’t sign up for. Some businesses like Zillow have lost a lot of money from their iBuyer service, forcing them to shut down that option, according to The Washington Post.