Items Tagged with 'iBuying'

ARTICLES

  • Zillow begins buying and selling houses in South Florida

    Zillow Offers now available in Miami and Ft. Lauderdale
    Zillow is expanding its direct buying program again, announcing Monday that it is now buying and selling houses in the South Florida area. Starting Monday, Zillow Offers is going to be live in Miami, Ft. Lauderdale, and the surrounding area, the company announced. 
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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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  • Eisman, famed for shorting subprime, explains why he’s betting against Zillow

    Zillow investors “don’t have a clue,” Eisman tells CNBC
    Steve Eisman, the Neuberger Berman portfolio manager who famously profited during the 2008 collapse of the subprime mortgage market, criticized Zillow’s business model in a CNBC interview. Eisman disclosed he’s shorting the stock, which means he makes money if the share price declines. "Zillow has one of the most flawed business models I’ve seen in a very, very long time," Eisman said.
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  • Zillow taps brakes on big move into mortgages

    Delays expansion until lending software is up and running
    Just five months ago, Zillow Group announced it was officially entering the mortgage arena with the launch of Zillow Home Loans. Since then, the real estate giant has been working on the development of its own mortgage software, but it seems the platform’s creation is taking longer than expected, with Zillow CEO Rich Barton saying Thursday that the company plans to slow hiring for Zillow Home Loans until the software is officially up and running.
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  • With iBuyers, sellers pay a price for convenience

    Is it worth the premium to unload a property hassle-free?
    The iBuyer model may be new, but it appears to be catching on quick. The market for iBuyers has exploded, growing by 25% every year for the last four years as big names like Zillow and Redfin get in on the game. But what, exactly, do iBuyers bring to the table for home sellers? And, can this business model survive the housing market downturn so many are predicting? That’s what Collateral Analytics sought to answer in a recent paper on the topic, which offered a deep dive into the strength of the iBuying concept.
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  • Zillow Offers to buy and sell homes in 4 more cities

    Zilliow's iBuyer service is now available in 15 markets
    Zillow Offers managed to contribute 40% to its parent company's profits in the second quarter of the year, leaving Zillow execs excited about the "incredibly impressive" demand for its iBuyer service. In the hopes of realizing this potential, Zillow Offers is on a mission to expand, announcing recently that it's now available in four new cities.
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  • Zillow Offers is now buying and selling homes in Nashville

    iBuying service's reach now extends to 15 markets
    Zillow Offers is now available to home sellers in Nashville. Starting Monday, home sellers in Music City can use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. The move brings the total markets for the iBuying service to 15, Zillow said, adding that more than 100,000 homeowners have used the platform to request an offer.
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  • Opendoor and Redfin join forces to begin buying houses in Phoenix and Atlanta

    Opendoor will being buying houses via Redfin’s platform
    In what may seem like a surprising partnership between two would-be competitors in the burgeoning iBuyer market, Opendoor and Redfin are joining forces to buy homes in Phoenix and Atlanta. The companies announced this week that homeowners in those two cities will now be able to request a direct offer for their home from Opendoor through Redfin’s website and mobile apps.
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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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  • Zillow's move into seller leads called "billion-dollar opportunity"

    Mike DelPrete breaks it down
    In an email to subscribers, independent analyst Mike DelPrete said Zillow’s strategic shift into iBuying and mortgage lending points to a much more profitable business line. “Zillow's iBuyer business continues to grow, and the latest results crystalize the opportunity in seller leads,” he writes in the email.
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