iBuying continues to make waves in the Denver Real Estate market. The Denver Business Journal’s latest piece discusses how the traditional way of selling a home has been disrupted and the impact on real estate agents.
It’s been reported that iBuying has accounted for about 6% of Phoenix’s real estate market — a number that’s definitely realistic for Denver’s market down the road, said Shepherd, with Atlas Real Estate Group. Pinpointing how big it will ultimately grow is too difficult at this point, he added. But even if it does grow to 6% or higher, it shouldn’t take away work from more traditional real estate agents.
“I think it’s a fantastic tool for any broker to use with their clients,” he said. “It’s another option for them and as long as they know the terms of it, it’s something they need to utilize.”