iBuying bloodbath drags on as losses mount
Realty Biz
MARCH 14, 2021
residential real estate market has proved to be a real test for iBuying companies. The iBuyer will then renovate the home if necessary, and then try to sell it on at a profit. Should the client fail to win approval for a mortgage later, Opendoor will go ahead and buy the home for cash anyway.
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