iBuying bloodbath drags on as losses mount
Realty Biz
MARCH 14, 2021
The iBuying business model sees companies such as Opendoor and Zillow give people a way to sell their homes quickly. 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.
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