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DataDigest: iBuyers slide farther from hyped market disruption

Housing Wire

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. ” reads an Opendoor Technology Inc. The Opendoor presentation projected sales of more than 37,500 homes in 2023. Opendoor lost about $1.4

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Zestimate to double as Zillow’s iBuying offer

Housing Wire

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

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What Are iBuyers: What to Know About an Instant Buyer

Maximum Exposure Real Estate

The Guide to iBuyers Explained Have you heard the term iBuyer or instant buyer and wondered what it meant? iBuyers are confusing to those who have never heard the term. Technology changes how we do business, and real estate is no exception.

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Opendoor acquisition can preapprove applicants in 1 minute

Housing Wire

Founded in 2018 and headquartered in Sacramento, RedDoor calls itself a “digital first mortgage brokerage” that can preapprove a loan applicant “within 60 seconds,” likely what was appealing to the iBuyer. But some investors see add on services including mortgage as a possible way for iBuyers to eventually turn a profit.

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homebldr throws its hat into the iBuying ring

Real Trends

Austin-based property and financial technology company homebldr has launched a new iBuying solution, according to an announcement on Thursday. That type of market makes instant cash offers from iBuyers much less valuable, and yet, iBuyers nearly tripled their market share in that time period.”

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. The process of finding, buying and owning a home today is disjointed, antiquated and messy.

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iBuyer Versus Traditional Real Estate: Where’s the Nexus?

RIS Media

The market changes all the time—as does the practice of selling real estate, especially in the age of technology. Yet in the seven or eight years since iBuying emerged, it has attracted reams of copy and tons of dialogue as an instant, hassle-free sales solution. So, what are the pros and what are the cons of the iBuyer strategy?