Reporters discuss bombshell story on Better.com’s CEO

An exclusive interview with the Forbes reporters who recently wrote a bombshell article about Better.com CEO Vishal Garg’s controversial workplace culture.

Untying business growth from the housing market cycle

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help.

How lenders can engage borrowers earlier in the buying process

Before the application stage, lenders need an effective strategy that ties all the home buying stages together and the right tools to support the process.

A home shopper’s guide to navigating a competitive market

Here is a home shopper's guide to navigating bidding wars and low housing supply.

Real Estate

Opendoor and Redfin expand homebuying partnership to nine new cities

This is in addition to Phoenix and Atlanta

Opendoor and Redfin have been working together to buy houses directly from homeowners in Phoenix and Atlanta since last July, and now the companies are ready to expand into new cities.

The companies announced this week that they are expanding their homebuying partnership into Charlotte, North Carolina; Jacksonville, Florida; Minneapolis; Nashville, Tennessee; Orlando, Florida; Portland, Oregon; Raleigh, North Caroline; Tampa, Florida; and Tucson, Arizona.

These additions are joining Phoenix and Atlanta, where the expansion was first launched.

According to the companies, homeowners in the nine new cities will be able to request an instant offer from Opendoor as part of their home sale inquiry on Redfin.

From there, a Redfin agent will meet with the seller, advising them on the home selling process, what their home is likely worth on the open market, and will present them with Opendoor’s offer.

At that point, they can either choose to sell directly to Opendoor, or they can list their home with Redfin for a 1.5% listing fee.

The homeowner can also choose not to meet with a Redfin agent and take their Opendoor offer directly through the site. But either way, Redfin will receive a referral fee for each customer who decides to sell to Opendoor.

Redfin is also publishing Opendoor’s listings (the homes the company has bought and is reselling) on its website.

“We remain committed to working with Redfin to create a seamless, hassle-free selling experience for homeowners, and, with our growing partnership, we’re helping people unlock the freedom to move on their terms,” Opendoor said on its website.

Most Popular Articles

The housing market outlook for 2021

After an unprecedented year, MBA Chief Economist Mike Fratantoni says there’s no place like home. Here is his 2021 housing market forecast.

Dec 02, 2020 By

Latest Articles

MBA adds four to its Residential Board of Governors

The Mortgage Bankers Association announced the new members of its 2021 Residential Board of Governors and the Chairs of the Residential Committee.

Dec 04, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please