Zillow Offers
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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“I told you so!” We told you last month that Zillow was putting a big, giant pause on its iBuyer program, Zillow Offers, a move that raised many eyebrows in the real estate world. Now comes word that the pause is permanent: Zillow is out of the home-buying-and-selling market for good and plans to lay…
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The labor shortages and building supply chain issues have hit home for everyone in the real estate investment sector. Some inventory is slow to hit the market, and studies show that flipping a home isn’t as profitable as it used to be. But for those large-scale investors, work has all but ground to a halt…
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For as long as it has existed, Zillow’s “Zestimate” has been something of a joke to real estate agents. Since the firm launched the Zestimate in 2006, the first conversation between potential sellers and listing agents often deals with the misconception that the Zestimate is anything more than a computer program’s Hail Mary that lands…
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