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Licking its wounds, Zillow bets on a ‘housing super app’

Housing Wire

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. Zillow CEO Rich Barton. Suspense built as Zillow has kept a low profile since. Zillow did report $8.1 billion total in 2020.

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Lower debuts white label mortgage platform

Housing Wire

iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. .

Mortgages 384
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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds. Opendoor, the top iBuyer, will buy a new home on behalf of customers, charging a 0.02% daily fee after the first 120 days it holds the property.

Equity 392
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iBuying bloodbath drags on as losses mount

Realty Biz

Homeonwers can request an instant offer on their home and then sell it to the iBuyer immediately if they decide to accept it. The iBuyer will then renovate the home if necessary, and then try to sell it on at a profit. Opendoor and Zillow lost a combined $650 million in the previous year as well, DelPrete said.

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Redfin closes $138M deal for mortgage lender

Housing Wire

Bay Equity CEO Brett McGovern also touted the benefits of the acquisition, saying, “Being a part of Redfin will help us meet customers more efficiently, which means we can give Redfin homebuyers competitive rates while delivering a seamless experience from pre-approval to close.”. The purchase price “represents a $72.5

Closing 370
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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

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. Source: (Hillary Black / Unsplash).

Agents 103
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Opendoor says it will help buyers make cash offers

Realty Biz

Once pre-approval has been secured, Opendoor will then pair buyers with one of its affiliated real estate professionals who will review their offer before submitting it on their behalf. Opendoor will then back that offer with cash, meaning buyers can submit their offer free of financing, appraisal or home sale contingencies.