How many homes did iBuyers purchase in Q2?

Housing Wire

The second quarter was a tough one on iBuyers, as only 0.1% of the homes sold across 418 metros — only 880 homes total — were purchased by top iBuyers Redfin , Zillow , Opendoor and Offerpad , according to a report by Redfin. iBuyers there acquired 0.8%

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Offerpad expands iBuying in Central Florida

Housing Wire

Lucie, Florida, as the first iBuyer in the region. This is the sixth Florida market where the company is now live since it began iBuying in Florida in 2015, operating in Citrus Ridge, Fort Pierce, Port St. iBuyers Real Estate Featured Florida iBuyer expansion OfferPad Port St.

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iBuyers: Did COVID-19 disrupt the disruptors?

Housing Wire

Since the iBuying industry launched in 2014, billions of dollars have poured into companies created to disrupt the real estate industry and transform the way consumers buy and sell houses. The post iBuyers: Did COVID-19 disrupt the disruptors? iBuyers Real Estate HWplus

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RedfinNow expands iBuying to Sacramento, California

Housing Wire

Redfin’ s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. Last month, RedfinNow expanded to Palm Springs, California , its first new market since resuming iBuying in early May.

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Opendoor resumes iBuying in all of its markets

Housing Wire

The iBuyer first paused its acquisitions in March as a result of COVID-19, and has since relaunched in Phoenix , Raleigh-Durham, Dallas-Fort Worth, Atlanta, Charlotte, Nashville and Tucson. The post Opendoor resumes iBuying in all of its markets appeared first on HousingWire.

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Zillow iBuying program brings real estate transactions in-house by licensing Zillow Homes employees

Housing Wire

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.

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The quiet iBuyer war on real estate commissions: DelPrete

Inman

But it turns out that the biggest threat to the traditional structure might be iBuyers, which have been waging a silent, systematic war on buyer's agent commissions. Agent Analysis Data Select Teams ibuyers mike delprete offerpad opendoor Zillow

Zillow to hire agents as employees for iBuyer transactions

Inman

Zillow is set to hire real estate agents to represent it in buying and selling homes, a marked shift from the way the company has managed transactions since launching its iBuyer, Zillow Offers, in April 2018.

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iBuyers to Offer Broader Services

Real Trends

iBuyers want to capture more business volume. Here’s how they hope to do it. REAL Trends Newsletter Trends

iBuyers bounce back as COVID-19 continues

Realty Biz

The so-called iBuying industry is facing its biggest challenge yet in the face of the COVID-19 pandemic, and it has responded by purchasing fewer homes than it has done in the last three years, according to research by Redfin. As a result, iBuyers are making more competitive offers.”.

John L. Scott Real Estate launches zavvie-powered iBuyer in Portland

Inman

Scott Real Estate, a brokerage with over 110 offices and 3,000 brokers across four states, has teamed up with end-to-end iBuyer platform zavvie to create their new iBuyer platform, Instant Purchase Plus+. John L.

What’s the future of iBuyers in light of COVID-19?

Inman

Although no one knows exactly what the future holds for real estate, things seem particularly uncertain for iBuyers. Agent Brokerage Markets & Economy Opinion Select Service bidding war Coronavirus ibuyers iBuyers during COVID-19 Luke Babich offerpad opendoor Redfin seller's market Zillo

Opendoor resumes iBuying in all pre-pandemic markets

Inman

In the latest sign that real estate has roared back to life amid the coronavirus pandemic, iBuying giant Opendoor announced Tuesday that it's resuming operations in 14 markets, putting it back in action in all 21 of its pre-pandemic markets.

iBuyer purchases dropped 88% in Q2 as pandemic raged

Inman

Industry News Select Technology ibuyer offerpad opendoor Redfin RedfinNow ZillowRedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a study by Redfin released Friday.

Why iBuyers and Zestimates belong in your CMAs 

Inman

Love them or hate them, Zestimates and iBuyers are part of what your clients are seeing on the regular, maybe even stalking. Agent Columns Opinion Select Service Teams ibuyers jay thompson zestimate

How the pandemic inspired a selling technique that rivals iBuyers

Inman

Agent Select Coaching dubl greg hague ibuyers offerpad opendoor real estate mavericks theme-month-202008 video home tours Zillow OffersGreg Hague, the founder of Real Estate Mavericks, shares how his formula offers sellers convenience, a higher price and a higher degree of safety.

Pre-pandemic inventory lifts Zillow’s iBuyer as company rides ‘tailwinds’

Inman

Analysis Industry News Markets & Economy Select Allen Parker Coronavirus coronavirus pandemic COVID-19 earnings ibuyer ibuying pandemic Premier Agent real estate rich barton wall street Zillow

John L. Scott Real Estate Launches iBuyer Program in Portland Market

RIS Media

Instant Purchase Plus+ provides sellers all-cash offers through iBuyer companies that are currently purchasing homes in their market. Scott footprint as iBuyer companies enter those markets. Scott Real Estate Launches iBuyer Program in Portland Market appeared first on RISMedia.

IBuyers, neo-brokers and elite agent platforms are changing everything

Inman

MLS & Associations Select APIs Clelia Peters cmls commission model compass Council of MLSs elite agent platforms FlyHomes homie ibuyers independent contractors institutional investors neo-brokers offerpad opendoor Orchard reali Redfin rentals side Zillow homes

A Waking of the iBuying Elephant

GeekEstate

[Note from the editor: We publish a Weekly Transmission for the GEM membership that consists 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. A Waking of the iBuying Elephant.

iBuyer vs. REX for Your Home Sale

REX Homes

An instant offer, or iBuyer, is a company or an individual that invests in… Selling Your Home ibuyers sell a home

How iBuyers Are Digitizing (and Fast-Tracking) Home Sales

HomeLight

An iBuyer — also known as an instant buyer — is a tech-enabled company that handles the purchasing of properties online, often sight-unseen. And in recent years, a growing number of time-crunched homeowners are turning to iBuyers as an antidote to the typical selling headaches.

The Big Yawn: Realtor.com Dips Its Toes In to iBuyer World

Notorious ROB

The post The Big Yawn: Realtor.com Dips Its Toes In to iBuyer World appeared first on NotoriousROB. Futurism for Fun and Profit iBuyer In the News realtor.com ZillowThis content is behind fabulous velvet ropes for Notorious VIP Subscribers only. Please login or sign up. Thank you!

iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%

Redfin

iBuyers purchased the fewest homes in more than three years last quarter as the coronavirus pandemic put business on pause. The nation’s top iBuyers bought 880 homes in the second quarter, or 0.1% In dollar terms, iBuyers spent just $195 million buying homes, compared with $1.6

iBuyers are closing, REX is still open for business

REX Homes

As governors across the country started to issue stay-at-home orders due to the Coronavirus,… Selling Your Home coronavirus ibuyers sell a home

Opendoor discloses that it’s under federal investigation

Housing Wire

18, Opendoor has resumed iBuying in all 21 of its markets following a pause due to COVID-19. ” On August 28, the iBuyer launched a brokerage. iBuyers Real Estate Earnings Federal Trade Commission IBUYER Investigation OPENDOOR

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How to Stop Competing with iBuying & Start Capitalizing

Boom Town

iBuyer… the biggest buzzword of the year! The power (and potential) of iBuyers in the real estate industry is undeniable. Fortunately, a lot of smart agents have already figured out how to adapt and leverage iBuying to their advantage. Scott Kooiman discusses everything you need to know about the landscape of iBuying in 2020 and how you can stay competitive by offering the right services and guidance to your clients.

How to Stop Competing with iBuying & Start Capitalizing

Boom Town

iBuyer… the biggest buzzword of the year! The power (and potential) of iBuyers in the real estate industry is undeniable. Fortunately, a lot of smart agents have already figured out how to adapt and leverage iBuying to their advantage. Scott Kooiman discusses everything you need to know about the landscape of iBuying in 2020 and how you can stay competitive by offering the right services and guidance to your clients.

How to Stop Competing with iBuying & Start Capitalizing

Boom Town

The post How to Stop Competing with iBuying & Start Capitalizing appeared first on BoomTown

Opendoor launches… a brokerage?

Housing Wire

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. However, Zillow says it doesn’t plan to fashion itself into an iBuying platform with a brokerage arm. iBuyers Real Estate OPENDOOR Opendoor Home Loans

RedfinNow expands to Palm Springs, California

Housing Wire

For the first time since the pandemic began making an impact on the real estate industry, Redfin ’s iBuying solution RedfinNow is now available in a brand new market – Palm Springs, California. iBuyers Real Estate California Featured iBuying Palm Springs Redfin RedfinNow

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Offerpad partners with Aires to streamline relocation process

Housing Wire

This exclusive partnership comes after Keller Williams ‘ iBuying service, Keller Offers, ended its exclusive relationship with Offerpad in June. iBuyers Real Estate Aires homebuying OfferPad relocation services

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Not if but when: Why you should be preparing for commission compression now

Inman

Agent Columns Opinion Select Service Teams buyer's agent commission commission Commission Compression ibuyers ibuying jay thompson mike delpreteConsumer behavior, demand and expectations are going to reduce commissions. It's a matter of when, not if. The savvy agent is preparing for commission compression or at least acknowledging the possibility.

Zillow Offers launches in first new market since early March

Housing Wire

Zillow launched its iBuying solution, Zillow Offers in its 25th market Wednesday morning: Homeowners in Jacksonville, Florida can now sell their home directly to Zillow. In March, Zillow paused all iBuying, citing the pandemic.

Opendoor could make public debut via reverse merger at $5B valuation

Housing Wire

Like other iBuyers, Opendoor has experienced a choppy 2020. iBuyers’ market share more than doubled in 2019, according to industry analyst Mike Del Prete. Fintech iBuyers Proptech Real Estate Uncategorized Mergers and acquisitions OPENDOOR spac technology and real estate