iBuyer
Remember those ads where Opendoor strongly hinted that if you sold your home with them, you would save money? They’d buy your house, you wouldn’t mess with showings or repairs, It just sounded too good to be true. The Federal Trade Commission agreed: Opendoor is now banned from making “false, misleading and unsubstantiated claims about…
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It wasn’t that long ago that newspapers were quaking in their boots at the prospect of Craigslist, a free peer-to-peer buy/sell/trade site that would eventually be the death knell of the traditional classified section. Likewise, could Opendoor’s expansion of Opendoor Exclusives into a peer-to-peer marketplace mean the end of the Multiple Listing Service as we…
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Is iBuyer technology wreaking havoc on the market? In our recent report we analyzed iBuyers and how they affect the single-family market. It’s no secret that disruptors like iBuyers are causing lingering apprehension about over-inflated home values, opportunity costs, and transaction difficulties. But what about the sellers that flock to iBuyers for the ease of…
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If you’re a North Texas homeowner, you likely know all about the iBuyer industry. With no shortage of spam calls, junk mailers, and even email offers, these companies constantly bombard homeowners begging to purchase their properties. But, aside from being an annoyance, new data shows these internet investors may be annihilating the market. iBuyers Abound…
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iBuyer, or instant buyer, models have long been part of the real estate equation. These almost instantaneous transactions allow sellers to get a valuation of their properties online via AI algorithms with the option to sell on the spot. This adds a whole new level of ease, confidence, and relief for sellers, which has prompted…
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