Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. The process of finding, buying and owning a home today is disjointed, antiquated and messy.

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Closing costs Short sale Technology New Construction 410

RIS Media

OCTOBER 4, 2023

As the aftermath of an iBuyer boom-and-bust continues to play out, market leader Opendoor appears to be pivoting toward closer partnerships with the traditional real estate industry, announcing this week a new partnership with eXp intended to be the “first step of a broader relationship.”

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Industrial Marketing Technology Agents 114

RIS Media

APRIL 18, 2022

The market changes all the time—as does the practice of selling real estate, especially in the age of technology. So, what are the pros and what are the cons of the iBuyer strategy? Perhaps more importantly, what can brokers and agents learn from it, and can we adapt it to enhance the way we do business? Rei Mesa: I agree.

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Title search Technology Branding Agents 98

HomeLight

JANUARY 3, 2022

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. Selling to an iBuyer. iBuyers introduced a new way to sell a home starting in the mid-2010s. Selling through a real estate agent.

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Agents Title Inspection Title search 101

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.

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House Flipping Industrial Technology As-is 103

Housing Wire

FEBRUARY 10, 2022

real estate, where housing prices went up, and up and up , and “How to become a real estate agent” was one of the most frequent Google searches. The company’s silver lining is a division dubbed “Internet, marketing, and technology,” which generated $545 million in income before taxes and $1.9 Zillow CEO Rich Barton. billion in debt.

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Pre-approval Mortgages Agents Investor 397

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

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 94

RIS Media

MARCH 9, 2022

Sellers can now compare and choose from an instant, full cash offer from an iBuyer, a buy-before-you-sell bridge loan option or other innovative solutions, including borrowing money at zero cost for pre-listing home improvements to list their home on the open market for maximum profit, the company stated.

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Technology Agents Sales Loans 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 98

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

Housing Wire

DECEMBER 14, 2020

The iBuyer also said that homebuyers in Tucson, Arizona; Charlotte, North Carolina; Houston; San Antonio; and Austin, Texas, can tour and purchase any home on the market, via Opendoor. Then, once a buyer wants to make an offer, they are connected with an Opendoor agent to represent them.

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VA loan Finance Loans Technology 421

RIS Media

APRIL 18, 2021

The growing footprint of iBuyers in real estate has presented challenges that real estate professionals are still trying to address in the marketplace. Lennox Scott, roughly 41% of homeowners will use an iBuyer company to determine what kind of a cash offer they could get for their homes. Lennox Scott, chairman and CEO of John L.

Agents 98

Agents Development Brokerage Technology 98

Realty Biz

MARCH 14, 2021

That’s according to the latest research from the real estate technology industry strategist Mike DelPrete, who revealed that the losses translate to a deficit of about $40,000 on each home Opendoor and Zillow sold in the last year. The iBuyer will then renovate the home if necessary, and then try to sell it on at a profit.

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RIS Media

JULY 31, 2021

Corcoran Group CEO Pam Liebman discusses how to promote company growth and agent development amid unprecedented market conditions. Episode 20: ‘What I Choose to Do and Be Is Me, and What I Choose to Do Is This’ – Competing With iBuyers and Changing Technology. Listen Now. Listen Now. . Listen Now. Listen Now.

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Branding Technology Development Agents 98

RIS Media

AUGUST 12, 2021

Real estate companies have begun making their way into the iBuyer space, either through partnerships with companies like zavvie or by launching proprietary programs such as RedfinNow, RealSure and Keller Offers. Additionally, partner agents receive a lower commission of only 1.5%

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Branding Title Agents Brokerage 98

RIS Media

FEBRUARY 12, 2021

What: Many agents hear the term “iBuyer” and run the other way. Drawing on his experience in sales, marketing, management and technology, Workman has empowered the masses to expand their knowledge and achieve their goals. The post Register Now: Turning iBuyers Into Leads appeared first on RISMedia.

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Technology Industrial Agents Sales 103

Housing Wire

OCTOBER 5, 2021

Direct Access allows homebuyers to self-tour vacant properties without an agent by using the Redfin app to unlock the home. How can we innovate and leverage technology to make the real estate transaction even better by fueling the process with certainty. Fueling the home-buying process with certainty. Learn more here.

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Agents Technology As-is Marketing 397

RIS Media

NOVEMBER 15, 2020

First, the agent needs to unpack the Zestimate, explain what an AVM (automated valuation model) is and how it works. If the seller is working with a REALTOR®, they have probably learned that there is a convenience discount associated with selling their home to an iBuyer. But a new theme is emerging with Buyer Match.

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Agents Investor Technology Sales 98

Real Trends

DECEMBER 6, 2022

Seattle-based Windermere Real Estate has launched Windermere Offers, a program that allows the brokerage’s clients to see iBuyer offers on their home in addition to more traditional offers. The program is powered by zavvie , a real estate software company whose white-label platform helps sellers compare offers from iBuyers.

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Brokerage Agents Technology Sales 52

Housing Wire

AUGUST 5, 2020

The number of agents and brokers on the eXp Realty platform increased 54% to 31,091 at the end of Q2, compared to 20,162 a year earlier, the company said. eXp said it expects to continue to add agents, saying its cloud-based remote model is appealing to agents and independent brokerages, especially during the COVID-19 pandemic.

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Brokerage Technology Commercial Title 450

Lab Coat Agents

SEPTEMBER 29, 2022

iBuyers (or instant buyers) and Power Buyers are changing the traditional real estate game, but are they friend or foe? That’s good news for agents everywhere, but what’s the best way to capitalize on this opportunity? Why An iBuyer? Successful agents need to continue to build their lead pipelines.

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Agents Technology As-is Closing 52

RIS Media

FEBRUARY 11, 2022

The first is a new technology that we call “3D Home” and it’s sort of like your next-generation, virtual tour that allows you to walk through the house. There are few events that perplexed the real estate industry as much as Zillow’s exodus from iBuying late last year. . ES: We learned a couple things from Zillow Offers.

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Industrial Agents Technology House Flipping 98

Housing Wire

MAY 31, 2022

The San Francisco company was now “backed by the top three technology initial public offering underwriters,” Side announced at the time , and the money raise “sets the stage for a future IPO.”. HomeSmart declared itself, a “revolutionary real estate enterprise powered by our proprietary end-to-end technology platform,” the S-1 states.

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Brokerage Investor Technology Industrial 384

Housing Wire

AUGUST 6, 2020

“Zillow’s second quarter results are even better than we had hoped, and firm up our belief that powerful tailwinds in both real estate and technology are rapidly converging, with Zillow at the nexus,” Zillow Group Cofounder and CEO Rich Barton said in a statement. billion visits during Q2. This is also due to the impact of COVID-19. “I

Technology 458

Technology Closing Agents Industrial 458

Housing Wire

SEPTEMBER 11, 2020

Like other iBuyers, Opendoor has experienced a choppy 2020. iBuyers’ market share more than doubled in 2019, according to industry analyst Mike Del Prete. billion worth of homes were purchased by Opendoor, Zillow , Redfin , Offerpad and other iBuyers last year, Del Prete’s analysis found. The company, which has raised $1.3

Brokerage 410

Brokerage Investor Equity Agents 410

Housing Wire

SEPTEMBER 28, 2020

This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. This project has been in development for just over a year, and now gives potential homebuyers the chance to tour a home that hasn’t been built yet with its virtual reality technology.

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Brokerage Principal Development Technology 544

RIS Media

FEBRUARY 11, 2022

Despite the critique and skepticism that followed Zillow’s decision to bow out of iBuying late last year, the real estate tech giant has come out on the other side better for it, reporting significant revenue growth thanks mainly to Zillow Offers. Related: Zillow Looking to Ease the Homebuyer Journey Post-iBuying. Zillow reeled in $3.3

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House Flipping Investor Marketing Technology 103

HomeLight

APRIL 29, 2022

Disclaimer: iBuyer company program details can frequently change. If you’re planning to sell your home in 2022, you may be weighing the possibility of working with an iBuyer such as Offerpad and be curious to learn more about this option. In addition to Offerpad, other notable iBuyers include Opendoor and RedfinNow.

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Purchase and sale agreement Closing costs Closing Staging 95

HomeLight

NOVEMBER 10, 2021

Disclaimer: Information in this blog post is meant to be used for educational purposes only and provide a high level overview of some of the top iBuyer programs. Please visit the iBuyer’s website for the most up-to-date information on each individual program’s fees, market coverage, business model, and more. Working with iBuyers.

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Home sale contingency Sales Closing Short sale 105

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. In 2016 LLR led a $26.5 No surprise here. It’s inefficient.

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Technology Brokerage Lending Mortgages 384

Real Trends

MARCH 14, 2023

Senator James E Watson, the idiom, ‘If you can’t beat ’ em, join ’ em ,” is one of Phoenix-based real estate agent Kenny Klaus’ guiding business principles. Instead of bemoaning the new-found listing competition, Klaus decided to make the new technology work for him. “ You have iBuyers like Opendoor and Offerpad.

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Closing Agents Due diligence Technology 94

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. Now, there’s an explosion of teams and new models, including salaried agents and virtual capped models.

Brokerage 397

Brokerage Finance Short sale Agents 397

Housing Wire

NOVEMBER 22, 2021

Justice Department back in November 2020, and that DOJ withdrew from in July these were all regarding buyer’s agents being more transparent on how much they get paid (The one, arguably smaller, plank that did not make it through regarded lockbox access for non-MLS participants). m agent members want?

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MLS Agents Residential Commercial 369

Housing Wire

FEBRUARY 9, 2021

Many of them are determined to make an impact in industries that have yet to be significantly modernized by technology. A quick look at the history of real estate technology will tell you that almost everything up and down the transaction chain has been targeted for innovation. Check your revenue model.

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Title Technology Industrial Agents 473

GeekEstate

NOVEMBER 8, 2021

[Note from editor: We publish a Weekly Transmission for GEM members , a series of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Make it the de facto “marketplace” and integrate it directly into its Premiere Agent offering.

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Equity Industrial Property Management As-is 52

Housing Wire

SEPTEMBER 2, 2021

HomeLight’s tech lives amid the iBuyer realm with the likes of other heavy hitters Zillow and Opendoor. “We’ve proven that technology can help transform the transaction experience, and we couldn’t be more excited to bring that technology to top agents, homebuyers, and sellers everywhere.”.

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Pre-approval Investor Technology Equity 394