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iBuyers resume home-buying operations

After hitting the pause button in March because of the coronavirus pandemic, Opendoor, Offerpad, and Zillow have just announced their intentions to resume making cash offers to homeowners looking to sell their residences quickly and hassle-free. This week, both Offerpad and Opendoor have announced that they will resume iBuying starting May 8, 2020. Opendoor will resume [...]

By |2020-05-12T13:13:10-07:00May 12th, 2020|ibuyer|0 Comments

RedfinNow and Opendoor temporarily suspends iBuyer program

RedfinNow and Opendoor temporarily suspends iBuyer program amid economic turmoil sparked by the coronavirus pandemic. The spokesperson for Opendoor said the company has been closely monitoring the escalation of COVID-19 over the last few weeks and is mindful of the impact the crisis has had on the communities in which the company operates. Ultimately, the [...]

By |2020-03-19T12:10:27-07:00March 19th, 2020|ibuyer|0 Comments

In some cases, homeowners made more profit selling their home to an iBuyer

One of the biggest (and newest) players in the sell houses for cash world is the tech-savvy and data-driven iBuyer, short for “instant buyer.” If you're a home seller who wants to sell your home fast and with minimal fuss, selling to an iBuyer is an option worth considering. Selling real estate to an iBuyer [...]

By |2020-03-15T23:33:40-07:00March 15th, 2020|ibuyer|0 Comments

Zillow’s iBuyer sends revenue soaring but losing millions

After betting heavily on iBuying, Zillow Group’s revenue more than doubled in 2019 to $2.7 billion, the company said Wednesday. Over the course of 2019, Zillow sold 4,313 homes at an average $316,500 a home -- a dramatic increase from 2018, when it sold 177 homes at an average $295,800 a home. Zillow trumpeted an [...]

By |2020-02-27T09:03:28-08:00February 27th, 2020|ibuyer|0 Comments

iBuyers Purchased More Than 10% of Homes in 8 Neighborhoods This Year

Eight neighborhoods—in Phoenix, Charlotte, Fort Worth, and Raleigh—had iBuyer purchase rates of 10% or more through October of 2019. iBuyers purchased 13.7% of the homes sold so far in 2019 in the Phoenix neighborhood of Pecan Creek, making it the most active neighborhood in the country for iBuyers this year. If you're unfamiliar with iBuying, homeowners [...]

By |2020-01-20T10:59:15-08:00January 20th, 2020|ibuyer|0 Comments

List of iBuyer Companies

- List of iBuyer Companies Zillow is certainly not alone in getting into this instant cash offer (iBuyer) business and flipping homes. They're referred to as iBuyers. Other iBuyer companies like Opendoor, Knock, OfferPad and even Redfin are either engaged in the space or are testing services While iBuying has been in full swing in [...]

By |2020-01-25T15:58:30-08:00January 15th, 2020|ibuyer|0 Comments

Keller Williams Expands iBuyer Reach

For some homeowners who want to expedite the home-selling process, a new real estate model has been gaining appeal: iBuying. Also known as an instant offer service, iBuying allows consumers to quickly sell their home to a company rather than to a person. iBuyers, or “instant Buyers,” are companies that use technology to make immediate, [...]

By |2020-01-16T14:37:18-08:00August 19th, 2019|ibuyer|0 Comments

Should you sell your home to an iBuyer?

The Houston Association Of Realtors conducted a survey to consumers in their market area and these were their findings related to iBuyers. We think the most significant number that stands out is the first one. 80% of consumers just want knowledge and information. Do iBuyers like Opendoor and Zillow make fair market offers on the [...]

By |2020-01-15T17:42:38-08:00August 8th, 2019|ibuyer|0 Comments