Items Tagged with 'direct buyer'

ARTICLES

  • 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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  • Worried you can’t get a mortgage in time? Ribbon will buy the home you want for you

    Real estate startup raises $225 million to fund national expansion
    There’s a new real estate startup that is buying homes directly from homeowners, but unlike direct buyers like Opendoor, Offerpad, and Perch, and real estate giants like Zillow and Redfin, which focus on buying homes from sellers, Ribbon is buying homes for buyers. And now, the company has some serious financial backing to power its planned growth.
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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 expanding direct homebuyer program to Atlanta

    Home sellers in Atlanta will soon be able to sell directly to Zillow
    Homeowners in Atlanta will soon have a new outlet when it comes time to sell their house – Zillow. Beginning in the fall of this year, Atlanta homeowners will be able to sell their home directly to Zillow, if they so choose. The move into Atlanta is an expansion of Zillow’s direct buying program, Zillow Offers, which the company launched earlier this year.
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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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  • Direct homebuyer FlyHomes raises $17 million, plans expansion into mortgages

    Funding round led by prominent Silicon Valley venture capital firm Andreessen Horowitz
    There’s a growing player in the burgeoning direct homebuying segment that now boasts the backing of one of Silicon Valley’s top venture capital firms. Seattle-based FlyHomes recently announced that it raised $17 million in its Series A funding round, which was led by Andreessen Horowitz, which previously invested in Facebook, Airbnb, Foursquare, Skype, Twitter, and others.
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