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Zillow: Over half of our iBuying inventory is on the move

Housing Wire

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

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Opendoor acquisition can preapprove applicants in 1 minute

Housing Wire

The purchase comes amid questions of whether iBuying is a viable business model following Zillow’s announcement Tuesday that the company is winding down its iBuying arm. But some investors see add on services including mortgage as a possible way for iBuyers to eventually turn a profit. Opendoor has $25.4

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NFT mania and the future of the home sale

Housing Wire

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

Sales 501
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Redfin acquires Bay Equity, pink slips 121 staff

Housing Wire

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 488
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How proptechs are adapting in a changing market

Housing Wire

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. iBuyers led the way on reshaping the options available to sellers through direct, instant cash offers at scale. homeowners. According to the latest Q2 report from the St.

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How Does Offerpad Work? iBuyer Company Overview

HomeLight

Disclaimer: iBuyer company program details can frequently change. If you’re planning to sell your home in 2022, you may be weighing the possibility of working with an iBuyer such as Offerpad and be curious to learn more about this option. In addition to Offerpad, other notable iBuyers include Opendoor and RedfinNow.

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Starting from Scratch: What to Do When Your Real Estate Listing Agreement Expires

HomeLight

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.