Home Real Estate Is iBuying Here to Stay?

Is iBuying Here to Stay?

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In Tampa, Fla., Gary Byrd, 59, a campus facility supervisor at a community college, had recently gotten engaged and was looking to sell his 1,200-square foot, three-bedroom, two-bathroom house, so he could move in with his fiancée, who had a larger home.

Mr. Byrd wanted a transaction that was quick and easy, and “didn’t want people traipsing through my house,” he said. In August, he went online and got an instant estimate from Zillow. Within a few weeks, he had a scheduled home evaluation, and a Zillow employee confirmed that the company would match the online offer of $235,000. Zillow took 3 percent in fees, and an additional $2,000 for minor repairs, and by October the transaction was completed.

“It worked with my busy schedule,” Mr. Byrd said, “and you’re cutting the middleman out.”

He used the proceeds to pay off debt, invest in his 401(k) and buy a new truck. His experience — a seamless sale, with none of the…

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