Realty Biz

MARCH 14, 2021

So-called iBuying companies continue to rack up major losses, with the two largest companies in the industry, Opendoor and Zillow, losing a combined $607 million from their business of buying up homes and selling them in 2020. The iBuying business model sees companies such as Opendoor and Zillow give people a way to sell their homes quickly.

Pre-approval 109

Pre-approval Home sale contingency Title Renovation 109

HomeLight

JUNE 9, 2023

average % of contracts with a financing contingency: 80% Home sale contingency Home sale contingency means a buyer’s purchase of your house is contingent on their own house selling. Learn More Should I accept an offer with a home sale contingency?

Home sale contingency 144

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 144

Realty Biz

MARCH 8, 2021

iBuying company Opendoor is responding to a slump in its business by helping customers who need to secure financing to buy a home make cash-backed offers that can improve the chances of their bid on a home being accepted. Opendoor will then buy the home itself, with cash, if the buyer’s financing request is rejected.

Home sale contingency 104

Home sale contingency Pre-approval Finance Loans 104

HomeLight

MARCH 21, 2022

People have been flipping homes in the way we think about it today since the ’80s and well-known real estate investing operations like We Buy Houses and We Buy Ugly Houses have existed since the late ’80s to mid-’90s. iBuyer companies such as Opendoor and Offerpad are one newer type of house buying operation, having emerged in the mid-2010s.

Closing costs 100

Closing costs Home sale contingency Investor Sales 100

HomeLight

MARCH 13, 2023

Common types of cash buyers in Orlando “For the longest time, the biggest players were the hedge funds and iBuyers,” says Joseph. While iBuyers offered higher prices than smaller investors, they have taken a step back as the cost of doing business has soared with rising interest rates. They are more willing to invest in the community.

Sales 87

Sales Investor Due diligence Renovation 87

HomeLight

APRIL 29, 2022

HomeLight Trade-In : Removes the stress of buying and selling a home at the same time. HomeLight works with your agent to make an offer on your current home, so you can make an offer on a new home with no lending or home sale contingency. iBuyer (instant buyer) platform. Offers a trade-up program.

Agents 95

Agents MLS Closing Home sale contingency 95