iBuyer News

Opendoor Enters Lending Business with Opendoor Home Loans

By Candy's Dirt / August 30, 2019 /
opendoor

From staff reports A few months after Zillow announced it would enter the lending business, iBuyer Opendoor announced Thursday that it would as well, launching Opendoor Home Loans. In a statement released Thursday, the company said it was aiming to make the home lending process less complicated. It can take around 45 days to finance…

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Opendoor to Launch All-In-One Buyer Service in Three Markets, DFW Included

By Bethany Erickson / August 1, 2019 /
opendoor

Opendoor has made no secret that it wants to dominate the entire real estate industry. In fact, just last month founder Eric Wu told Inc. that he believes the five-year-old company will “build the largest marketplace of homes.” And while the company is on pace to purchase $5 billion in homes this year, other companies…

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Wall Street Getting Bullish on “iBuyer” Platforms, Claiming Sales Boosts, Lower Commissions: Be Very Afraid

By Candy Evans / June 13, 2017 /

You know what we are talking about: new companies (called “Platforms”)  like Opendoor and now OfferPad (co-founded by a former top producing realtor!) are being embraced by Wall Street as a way to “drive Americans to move more frequently, resulting in more home sales.” Stimulating interest in real estate. Glory be, sounds like the pre-crash days. Inman’s…

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