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iBuyers

opendoor

Opendoor Enters Lending Business with Opendoor Home Loans

By Candy's Dirt / August 30, 2019 / 0 Comments

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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What is With All of These iBuyers All of the Sudden? Matt Templeton of KW Urban Answers

By Joanna England / April 26, 2019 / 4 Comments

By Matthew Templeton Managing Principal KW Urban Dallas Why is there so much movement in the iBuyer world? First: What is an iBuyer? An iBuyer is an institutional or business-based investor that uses automated valuation models (using data and algorithms to estimate value and trends over time) to make offers on properties in the market […]

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Institutional Investors Make Up Close to 10 Percent of iBuyer Transactions

By Joanna England / November 30, 2018 / 0 Comments

New data from Attom Data Solutions shows that one in 10 homes purchased by the two leading iBuyer programs — Opendoor and Offerpad — were purchased by institutional buyers. Those particular buyers were buying at least 10 homes at a time. In recent months, iBuyer programs have gathered a lot of attention and added to […]

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Important: Opendoor Just Bought its Own Discount brokerage

By Candy Evans / September 11, 2018 / 0 Comments

Opendoor, Open Listings, open sesame to way more disruption in the real estate world. You know about the fast growing, fast-expanding home selling and buying company Opendoor. Launched in the Bay area in 2014, with Dallas as its second focus group city, OpenDoor has raised $645 million in equity financing, has $1.75 billion in debt, […]

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Visual Take-Aways from NAREE18, New Horizons in Real Estate

By Candy Evans / June 19, 2018 / 0 Comments

So  much information was jam-packed into last week’s National Association of Real Estate Editor’s Spring Conference. Bethany, Jon and I were all in attendance and working to bring you what we learned. Throughout this week, I’ll post what I thought were some of the most significant graphs. The biggest take-aways: disruption, i-buyers, availability, affordability, technology, […]

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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 / 0 Comments

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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