Items Tagged with 'OfferPad'

ARTICLES

  • Opendoor leads the iBuying race, but Zillow is catching up

    Opendoor bought almost 10,000 homes in 2019’s first seven months
    So far this year, Opendoor is winning the iBuying race, as companies scramble to perfect the “instant buyer” business model. But, Zillow is on its heels. Opendoor purchased almost 10,000 homes in the January through July period, around three times the volume of Zillow, according to a report by Mike DelPrete, a real estate tech strategist.
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  • Keller Offers teams with Offerpad to expand iBuying presence

    Introduces "Keller Offers powered by Offerpad"
    Keller Offers, the iBuying arm of real estate giant Keller Williams, is partnering with Arizona-based iBuyer Offerpad, the company announced Wednesday. Under what Keller described as a mutually beneficial agreement, KW agents can submit a request for a cash offer to Offerpad, and will then review the deal with the seller.
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  • WSJ: Phoenix is "petri dish" for America’s iBuying experiment

    Arizona's capital is proving ground for computerized flipping
    High-tech flippers such as Zillow and Opendoor are using algorithms to reshape the housing market, and Phoenix is the "proving ground," according to a Wall Street Journal story. The advent of iBuyers is just the latest challenge agents face in the Phoenix area, said Sam Miller, president-elect of the 10,000-member Phoenix Association of Realtors.
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  • The iBuyer market is booming, and it's not slowing down anytime soon

    Here's a look at where these companies operate and where they're headed
    Some might say that so far, 2019 is looking to be the year of the iBuyer. The term has exploded across the internet as major companies like Redfin and Zillow expand their reach into the business of buying homes directly from sellers. Here’s an up-close look at where these companies operate and where they’re headed next.
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  • Tariffs boost housing renovation costs after Zillow and others go all-in on iBuying

    Costlier supplies will shrink “razor thin” margins as iBuyers move into new markets
    The United States and China are locked in a tit-for-tat trade war that will boost the price of materials that go into home renovation and construction. The higher costs come as iBuyers such as Zillow, Opendoor and Offerpad are expanding into new markets with plans for fixing up and reselling homes. "In iBuying, it's razor-thin margins anyway, so any sort of ripple in the pond has the potential to disrupt," said Mike DelPrete, a real estate strategist.
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  • Real estate startups have raised $1.9 billion in 2019

    Proptech investment is on track to surpass 2018’s $4.99 billion
    Real estate startups, sometimes called proptech for property tech, have raised $1.9 billion from investors this year, an average of about $475 million a month, according to startup tracker Crunchbase. That's up when compared with last year’s $4.99 billion, an average of about $417 million a month.
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  • WTH is an iBuyer?

    Instant offers for buying and selling homes are growing, and evolving
    More and more real estate transactions involve the participation of so-called iBuyers. But who are they, what do they do and are they a threat to real estate agents? Here's what we know so far.
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  • Can iBuyer platforms co-exist with Zillow?

    Execs from Opendoor, Offerpad and Knock weigh in at San Francisco's Lendit Fintech Conference
    Home trade-in platforms like Knock, Opendoor and Offerpad are seeking to bring a simpler home buying and selling process for homeowners. What does it mean for them now that Zillow is in their rearview mirrors and stepping on the gas?
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  • iBuyer startup Perch lands $220 million capital investment

    Aims to disrupt residential real estate with its full-service offering
    Perch, an online platform for home buying and selling, announced this week that it raised $220 million in funding to fuel its plans for continued expansion. The company, which launched in Texas early last year, is part of a rising category of companies called iBuyers, which seek to simplify the home buying and selling process by creating a completely digital transaction that puts consumers in control. But with a full-service offering that promises more than its competitors, Perch is looking to stand out.
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  • This new tool helps home sellers compare instant bids from iBuyers

    Zavvie launches the Offer Optimizer in 21 markets
    A number of companies – like Offerpad, Opendoor, Zillow and Redfin – have launched iBuyer initiatives that present home sellers with an instant cash offer for their properties. Now, publishing platform zavvie is launching the Offer Optimizer, a tool to help home sellers navigate these instant online bids.
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