Opendoor
People are definitely buying homes right now — the numbers don’t lie. But finding the right home is a struggle. That’s definitely related to inventory, which is incredibly low. Overall, Texas homebuyers cited difficulty in finding the right property in the 2020 Texas Homebuyers and Sellers Report just released by Texas Realtors. “This report provides…
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The quarantine economy is hitting iBuyers hard as Inman reported today that real estate disruptor Opendoor has laid off 35 percent of its staff, approximately 600 employees, citing COVID-19’s unforeseen impact on the U.S. economy and housing. “Given the shelter-in-place guidelines, we’ve seen declines in the number of people buying, selling, and moving during this…
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iBuyers represent a growing percentage of real estate tractions. Here is what every agent needs to know.
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Opendoor has launched a partnership with the brokerage-owned real estate platform MoxiWorks in Austin, which is one of the iBuyer’s strongest markets. And the SoftBank Vision Fund-funded firm ($300 million or more) appears to be appealing to agents, rose in hand, stressing that iBuyers are a tool in the agent’s toolbox, not a replacement
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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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