Housing Wire

OCTOBER 18, 2021

Can independent real estate brokerages outperform iBuyers? Offerpad’s ibuyer operations are running as smoothly as ever,” said a company spokesperson. Zillow’s press release Monday notes, “For prospective sellers, Zillow Offers is connecting them with a local premier agent partner.”. billion in unsold home inventory.

Renovation 382

Renovation Construction Brokerage Agents 382

Housing Wire

MAY 7, 2021

After a review of Atlanta area property records, it would appear Kim Klir is the most successful real estate agent in world history. Of those sales, Klir was the listing agent for 1,213 of the 1,613 deals, according to FMLS data. But Klir was mostly invisible to buyers’ agents.

Brokerage 380

Brokerage Residential Agents Sales 380

Housing Wire

MARCH 18, 2021

Savor the irony: A blank-check company started by Spencer Rascoff is bringing an iBuyer, Offerpad, public. The deal will provide the iBuyer with “up to $650 million in gross cash proceeds,” per the release. Real estate agents and LOs: the great collaboration. Presented by: Propertybase.

Loan Officer 424

Loan Officer Technology Equity Brokerage 424

Housing Wire

AUGUST 20, 2021

In just the past few weeks, nonbank mortgage lenders Rocket Companies and Better.com have revealed plans to instantly buy homes from their customers and also pair their services with in-house real estate agents. And then there’s KWx , the parent company of residential brokerage Keller Williams. Become a member today.

Renovation 370

Renovation Residential Brokerage Agents 370

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Its agents are tasked with marketing and selling the home, using their local expertise, Raveis said. “And then we have our agent commission.”

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Equity Brokerage Mortgages Title 404

Housing Wire

AUGUST 11, 2021

Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. for the selling agent, as opposed to the traditional fee of 3%, which represents a savings of $4,500 on a $300,000 home.”.

Brokerage 414

Brokerage Agents Lending Finance 414

Housing Wire

NOVEMBER 2, 2021

Barton, who took over Zillow from Spencer Rascoff in early 2019, and spurred Zillow’s reinvention as an iBuyer, was evidently rattled during Tuesday’s call. Premier Agent generated $359 million in Q3 revenue and the mortgage division raked in $70 million of revenue, and both divisions turned a profit.

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Closing Agents Mortgages As-is 393

Housing Wire

OCTOBER 9, 2020

In a competitive real estate market like Sacramento, RedfinNow is also a great solution for our brokerage customers who need the cash from their current home to buy their next home.” Direct Access allows potential homebuyers to use the Redfin app to unlock doors and tour available homes without an agent.

Brokerage 324

Brokerage Agents Sales Marketing 324

Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, down from $606.9

Brokerage 370

Brokerage Sales Agents Closing 370

Housing Wire

FEBRUARY 25, 2021

How 2020 exposed a greater need for collaboration between real estate agents and LOs. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

Loan Officer 393

Loan Officer Technology Brokerage Loans 393

Housing Wire

SEPTEMBER 23, 2020

The iBuyers are quickly becoming all-in-one-buyers. Customers in Atlanta, Phoenix and Tucson who sell their homes via the iBuying solution will work directly with licensed employees of Zillow Homes, its brokerage entity. Zillow isn’t the only iBuyer reaching into the broker business.

Brokerage 382

Brokerage MLS Title Agents 382

Housing Wire

DECEMBER 2, 2021

But the division produced a $421 million loss before taxes, and analysis from KeyBanc and industry analyst Mike DelPrete as well as anecdotes from real estate agents indicated Zillow paid more than market value for homes. . The company’s iBuying division, Zillow Offers, generated $1.2 billion as of Sept.

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Purchase and sale agreement Investor As-is Industrial 424

Housing Wire

AUGUST 5, 2021

Zillow makes money through agents advertising on its website. Zillow CEO Rich Barton. New quarter, same story. It loses money via buying homes for cash and then reselling them. Add it up and the Seattle listings-and-iBuying giant on Wednesday reported $9.6 million in net income for the second quarter of 2021, and $1.3 billion in revenue.

Agents 393

Agents Sales As-is Brokerage 393

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. Homeowners in Atlanta sold the most homes using an iBuyer, followed by Phoenix, Dallas-Fort Worth, Charlotte and Houston, according to the Zillow report.

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Sales Construction Investor Closing 370

Housing Wire

MARCH 15, 2021

Also, we figured they would wake up one day, and say, ‘Hey, we’re a brokerage.’”. Zillow, for years, made money selling leads to real estate agents, a practice that agents like Herrera already felt ambivalent toward. The post Where real estate agents fit into Zillow’s grand vision appeared first on HousingWire.

Agents 502

Agents Brokerage 502

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

Brokerage 483

Brokerage Residential MLS Sales 483

Housing Wire

MARCH 7, 2024

Proptech company and iBuyer Opendoor is no longer facing the allegations of a copycat commission lawsuit. Thus far, Opendoor is the only iBuyer to be named in a commission lawsuit, and the Whaley suit was the only suit in which the firm was named. Originally filed in the U.S.

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MLS Brokerage Industrial Agents 413

Housing Wire

OCTOBER 3, 2023

The iBuyer announced that it was teaming up with eXp Realty on Tuesday. With this integration, eXp agents will be able to request a cash offer on qualifying homes on behalf of their clients directly through their eXp agent dashboard.

Brokerage 414

Brokerage Agents Closing As-is 414

Housing Wire

SEPTEMBER 28, 2020

based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. Over the last few months, iBuyers and brokerages alike have launched solutions to keeping business going during the pandemic, including virtual home tours , 3D home tours and hosting virtual open houses.

Brokerage 544

Brokerage Principal Development Technology 544

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

Brokerage 364

Brokerage Residential MLS Sales 364

Housing Wire

NOVEMBER 5, 2021

Redfin CEO Glenn Kelman doesn’t believe that iBuying is going away, but he does believe that his brokerage needs to be smart in how it incorporates iBuying into its larger suite of real estate services. Due to this the firm plans on raising pay for lead agents. Due to this the firm plans on raising pay for lead agents. “On

Renovation 375

Renovation Brokerage Agents Mortgages 375

Real Estate News

OCTOBER 26, 2023

The iBuyer will send potential sellers leads to the brokerage company, while Anywhere agents can present their sellers with a cash offer from Offerpad.

Brokerage 242

Brokerage Agents 242

Inman

OCTOBER 26, 2023

Sellers located outside of Offerpad markets who contact the iBuyer for services will be connected with eligible agents in the Anywhere Leads Network.

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Agents Marketing Brokerage 188

Housing Wire

NOVEMBER 2, 2023

If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said. “We We run one of the largest brokerage websites in America, as well as a national network of contractors trained and licensed to provide low cost on demand property access. million in Q3 2022.

Technology 441

Technology Agents Brokerage Investor 441

Inman

NOVEMBER 1, 2023

Offerpad's agent partnership program gives agents another tool when making listing presentations, and pays them a 3 percent referral fee when their client accepts an offer from the iBuyer.

Agents 182

Agents Brokerage 182

Housing Wire

SEPTEMBER 11, 2020

Like other iBuyers, Opendoor has experienced a choppy 2020. But it remains the biggest player in a blossoming segment of real estate, in which tech-fueled companies – and even traditional brokerages – aspire to have a hand in every element of the home buying process. A representative from Opendoor declined to comment on the report.

Brokerage 404

Brokerage Investor Equity Agents 404

Real Trends

JANUARY 23, 2023

Amdur discusses iBuying, the mistakes made in the past and how iBuying is best done in partnership with real estate agents. What are you seeing out there, whether it’s through consumer services, or how brokerages are embracing the consumer? Or maybe now it’s equally about the agent and the consumer?

Brokerage 72

Brokerage Agents Industrial As-is 72

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. For many years, everyone thought brokerage was ripe for major disruption,” said Gilles Duranton, real estate professor at the University of Pennsylvania.

Brokerage 382

Brokerage Investor Technology Industrial 382

RIS Media

APRIL 11, 2022

According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market. ” iBuyers registered a breakout year in 2021. Collectively, iBuyers purchased more than 71,000 homes in 2021, about a 1.3% national marketshare.

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Loan contingency Agents Residential Brokerage 98

RIS Media

SEPTEMBER 2, 2021

In addition to the well-known iBuyers, these include a more recent category of companies such as EasyKnock, Homeward, Knock and Ribbon. zavvie facilitates thousands of agent requests for Power Buyer and iBuyer offers each month. zavvie facilitates thousands of agent requests for Power Buyer and iBuyer offers each month.

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Loan contingency Brokerage Loans Agents 97

RIS Media

JANUARY 18, 2022

“We’re going to probably weed out some of these iBuyers, which you’ve already seen.” Despite the companies shrugging off speculation regarding the business model’s sustainability, there are still real estate experts delving into the potential role that iBuyers will play in real estate in the long run.

House Flipping 102

House Flipping Industrial Technology As-is 102

Inman

MARCH 16, 2023

The newest Inman Access classes are live! Watch experts discuss the latest iBuying trends, mastering branding and positioning, and tactics to secure listings in a competitive market.

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Branding Marketing Brokerage Technology 148

Housing Wire

DECEMBER 27, 2021

Some 15 years ago, real estate agents had only a few choices when deciding which real estate business model to choose. From virtual, capped models to low-fee and discount, agents can pick the company that best fits their needs. for the largest brokerage companies in the United States. Today, the choices are abundant.

Brokerage 393

Brokerage Finance Short sale Agents 393

Housing Wire

FEBRUARY 10, 2021

The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages. The Seattle-based company announced in September Zillow Homes, a traditional brokerage business, hiring agents in Phoenix, Tuscon, and Atlanta. and Canada use their software.

Brokerage 529

Brokerage Agents Industrial Development 529

Inman

OCTOBER 3, 2023

Agents will soon be able to request a cash offer on qualified properties directly through an eXp dashboard. Opendoor is now the primary cash offer solution behind eXp's ExpressOffers platform.

Agents 191

Agents Brokerage 191

HomeLight

APRIL 15, 2022

They decide to look into “What is an iBuyer?” After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . What is an iBuyer? What does iBuyer stand for?

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Title House Flipping Title search Sales 83

Housing Wire

FEBRUARY 18, 2022

Brokerage and franchise conglomerate Realogy reported its yearly financials Thursday, and the Madison, New Jersey-headquartered company tallied $343 million in net income for 2021. That revenue figure includes the full commissions on home sales, which mostly are returned to the real estate agent on the deal. Once the $4.8

Fixed-rate mortgage 393

Fixed-rate mortgage Brokerage Residential Sales 393