Items Tagged with 'direct home buyer'

ARTICLES

  • Keller Williams to begin buying and selling houses

    Real estate giant become latest to jump on iBuyer trend
    Following a path previously laid out by the likes of Zillow and Redfin, and taking a page out of the playbook of Opendoor, Offerpad, and others, Keller Williams is about to start buying and selling houses. Next month, Keller Williams will launch an iBuyer offering, which it is calling “Keller Offers.”
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  • Direct buyer Offerpad planning significant expansion, beginning in Texas

    Begins operating in Houston metro area, San Antonio expansion coming soon
    Last year, Offerpad secured $150 million in funding, which the direct homebuyer said it planned to use for business expansion. Late last year, Offerpad began operating in Tucson, Arizona, and expanded into the Dallas-Fort Worth metroplex. As it turns out, that won’t be the company’s only foray into Texas.
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  • With foreclosures dwindling, investors turn to direct buyers for new single-family rentals

    Direct buyers offer inventory as other sources dry up
    In the wake of the housing crisis, institutional investors became some of the biggest buyers of foreclosed homes, buying the properties on the cheap and turning them into single-family rentals. Now, with foreclosure inventory shrinking, investors are turning to a new outlet to buy homes to turn into rentals – direct buyers.
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  • Opendoor secures $400 million investment from Japan’s SoftBank

    Growing direct homebuyer now has $3 billion in financial backing
    Growing direct homebuyer Opendoor now has $3 billion in financial backing (yes, that’s “billion” with a “b”) thanks to a sizable new investment from Japanese technology company SoftBank Group. Opendoor announced Thursday that it secured a $400 million investment from SoftBank Vision Fund, SoftBank’s investment arm. But that's not all the funding Opendoor recently secured.
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  • Coldwell Banker getting into the direct home buying business

    Direct buying program could expand to other Realogy brands
    Have we reached a tipping point in the trend of massive real estate players beginning to buy homes directly from homeowners? It looks like that may be the case, as one of the nation’s biggest real estate brands is planning to launch its own direct buying business, and its siblings may not be far behind.
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  • Opendoor buying Open Listings to build one-stop shop for home buying and selling

    Growing direct buyer acquires low-commission real estate site
    Opendoor is about to take a huge step forward in its attempt to create a true one-stop shop for the entire real estate experience. Opendoor announced Tuesday morning that it has acquired Open Listings, a real estate site that offers homebuyers a 50% refund on the fees their real estate agent would have received. With the acquisition, Opendoor now touches all parts of the real estate process.
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  • Opendoor goes nationwide

    Plans expansion into California, Pacific Northwest, and more
    Opendoor, an online marketplace that buys homes directly from homeowners, is about to go nationwide. The company told HousingWire this week that it plans to expand into California, the Pacific Northwest, and several other areas over the next few months.
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  • Zillow bringing its direct homebuying program to Denver

    Second expansion this summer
    For the second time in less than a month, Zillow is expanding its direct homebuying program. Last month, the online real estate giant announced that it is planning to bring its direct buyer program to Atlanta. Now, the company is expanding again, announcing Wednesday that it is also planning to begin directly buying houses from sellers in the Denver area.
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  • Opendoor raises $325 million, plans nationwide expansion

    Direct homebuyer plots expansion into 50 markets by 2020
    One of the biggest players in the growing direct homebuyer segment is about to get much, much bigger. Opendoor, an online marketplace that buys homes directly from homeowners, announced Wednesday that it secured $325 million in new funding and is planning a nationwide expansion of its homebuying platform.
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