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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

- 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 [...]

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, [...]

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 [...]

What is an iBuyer? An iBuyer is a company that uses technology to make an offer on your home instantly (The “i” in "iBuyer" stands for “instant," which is why they're also called "instant offers). From there, you can decide whether or not to move forward with the deal. Depending on your preference, the transaction [...]