Can Offerpad make iBuying work?

Housing Wire

You’re about to read another story about instant homebuying, or iBuying. That’s even though iBuying sales made up less than 0.5% million in income in the second quarter of 2021, generating $279 million in revenue through the sale of 1,279 homes.

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Better expands real estate, explores iBuying

Housing Wire

Wallace, a former regional sales manager for iBuyer Opendoor , said that Better would provide more details on the instant homebuying program in the coming weeks. The post Better expands real estate, explores iBuying appeared first on HousingWire.

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Zillow earns profit, no thanks to iBuying

Housing Wire

Add it up and the Seattle listings-and-iBuying giant on Wednesday reported $9.6 The instant homebuying program netted 1,975 sales in the first quarter. The post Zillow earns profit, no thanks to iBuying appeared first on HousingWire. Zillow CEO Rich Barton.

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Opendoor, Atlanta, and the future of iBuying

Housing Wire

Between April 2020 and the end of March this year, Opendoor , an iBuyer but also a residential brokerage, sold 1,613 homes listed on First Multiple Listings Service , the greater Atlanta region’s National Association of Realtors’ endorsed spot for home listings.

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These iBuyers are coming to a market near you

Housing Wire

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow , the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C.

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IBuyers on track to have record-setting sales in Q3


A new report from Zillow found that the nation's four largest iBuyers reached a 1 percent market share in the second quarter of 2021, setting the stage for record-breaking sales in Q3.

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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-you-buy dilemma in a different manner. billion in closed sales volume in 2020. The post William Raveis ain’t no stinkin’ iBuyer appeared first on HousingWire.

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Zestimate to double as Zillow’s iBuying offer

Housing Wire

The firm’s announcement is an intriguing turn, because it folds up two company priorities into one – boosting consumer faith in the Zestimate, and highlighting Zillow Offers , the company’s instant homebuying, or ibuying, platform.

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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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iBuyers gatecrash the all-cash offers party

Realty Biz

Some home buyers are leaning on so-called iBuying firms to better compete by offering all-cash on the properties they target. iBuyers can help buyers by making cash-backed offers on their behalf or by providing financing to help draw attention to their offer in a bidding war, experts say.

iBuying bloodbath drags on as losses mount

Realty Biz

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.

Disruptor Roundup: Rocket Homes Enters iBuyer Space

RIS Media

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.

iBuyer revenues slump amid high market demand

Realty Biz

iBuying companies are experiencing a slump in sales during a time when many thought the opposite might happen, as they provide a contactless way to sell a home. iBuyers have managed to sell a large number of their home portfolios during the pandemic.

Elevate Your Business: Competing Against iBuyers

RIS Media

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.

iBuyers struggle as housing market booms

Realty Biz

iBuying companies are seeing less business amid a booming real estate market, with homes selling in record time frames and at ever-growing prices. Many iBuyers paused their business operations in March amid fears the COVID-19 pandemic would stifle the housing market.

iBuying transactions fall by half as traditional home sales accelerate

Realty Biz

Home sales might be up during the COVID-19 pandemic, but iBuying companies are still suffering from a lack of activity. Indeed, it’s looking likely that the market share of iBuying activity will be around 50% less than what it was in 2019, according to one analyst.

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.”.

Sibcy Cline Partners With zavvie on iBuyer Option

RIS Media

Sellers can compare and choose between an instant cash offer from an iBuyer, a modern bridge option or list their home on the open market to maximize their sales price and net proceeds. They can see instant all-cash offers from iBuyers.

Many Sellers Favor ‘Buyer Match’ to iBuyers

RIS Media

Homeowners are pretty one-track minded when it comes to discussing listing their home for sale. 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.

Opendoor ramps up but loses $144M

Housing Wire

Over the long haul,” Wu added, regarding iBuying. “We That could be the future, but in the present iBuying is about.5% home sales , per a Redfin report in June. Brokerage iBuyers Real Estate ERIC WU HWplus iBuying OPENDOOR quarterly earnings

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What is an iBuyer? What to Know Before You Sell Your Home to One


Should you hire a licensed real estate agent, sell your home without an agent , or work with an iBuyer? However, you may never have thought about an iBuyer before and probably have a variety of questions regarding what iBuyers are and how they work. What is an iBuyer?

Zavvie Partners With McEnearney to Launch iBuyer Programs

RIS Media

Sellers can compare and choose between an instant cash offer from an iBuyer, a buy-before you sell option from a Power Buyer or list their home on the open market to maximize their sales price and profit. “iBuyers can provide sellers with quick, all-cash offers.

Opendoor launches in 6 new cities, achieves sales milestone


Select Technology eric wu ibuyer ibuying opendoor Opendoor expansionIn celebration of reaching 100,000 transactions, Opendoor has launched its largest group of new markets yet across the South, Midwest and Southwest.

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


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.

Register Now: Turning iBuyers Into Leads

RIS Media

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.

iBuyer vs. REX for Your Home Sale

REX Real Estate

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

Knock launches new sale-leaseback program, Knock Nest


Select Technology EasyKnock home equity ibuyer knock Knock Nest sale-leaseback program Sean BlackA spin-off of Knock Swap, Knock Nest formalizes Knock's longtime leaseback option and allows homeowners to access home equity without the need to move.

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iBuyer Offerpad Debuts as Publicly Traded Company Following Merger With Acquisition Company

RIS Media

iBuyers have remained a relatively small share of the market, with an analysis by Redfin back in the spring showing only 0.3% of home sales were through iBuyers in Q4 2020.

Opendoor expands suite of services in multiple states

Housing Wire

Opendoor announced last week that it has expanded its iBuying services in Provo and Ogden, Utah; Rochester, Minnesota; Lakeland, Winter Haven, Sarasota, Deltona, and Ormond Beach, Florida; and Oxnard, Thousand Oaks, and Ventura, California.

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RedfinNow launches in Phoenix housing market

Housing Wire

Homeowners in the petri dish of iBuying can now sell their home via RedfinNow. Now, homeowners can request a cash offer on their home via its iBuying arm. iBuyers Real Estate Housing Market iBuying Jason Aleem Phoenix Phoenix housing market Redfin RedfinNow

Brokers: How to Include iBuying in a Full-Service Brokerage Model

RIS Media

What: The days of pushing iBuyer solutions aside are in the past. Modern brokerages understand that consumers will search out the services that best meet their needs, and in some cases, that might mean iBuying. Latest News iBuying Real Estate Brokerage RISMedia Webinar Zavvie

A Waking of the iBuying Elephant


[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.

Rocket announces discount real estate brokerage

Housing Wire

Rocket Homes has plans to start iBuying – and discount real estate. of the sales price. Rocket also announced Wednesday a “soon to-be-released iBuyer program, facilitated through third-party partner companies.”. The Detroit-based company – and no. 1 mortgage lender in the U.S.