Tag Archives: opendoor

Redfin iBuyer offers usually rejected: Redfin chief executive

By | | Uncategorized
Comments Off on Redfin iBuyer offers usually rejected: Redfin chief executive

Glenn Kelman said most who receive offers from his company’s iBuyer program reject those offers, but he argued that the program still helps sell houses. Continue reading →

Opendoor’s ‘nightmare’: KW agents backed by their own iBuyer

By | | Uncategorized
Comments Off on Opendoor’s ‘nightmare’: KW agents backed by their own iBuyer

In a presentation at Inman Connect, real estate consultant Michael DelPrete said Opendoor’s “nightmare scenario” is 160,000 Keller Williams agents “in people’s living rooms and kitchens waving around an iBuyer brochure and saying, ‘We do that, too.” Continue reading →

Consumers want an Amazon-like experience when closing

By | | Uncategorized
Comments Off on Consumers want an Amazon-like experience when closing

Consumers who are used to being able to buy things with a single click want a similar experience when purchasing real estate — and they’re pushing the industry to innovate in complex areas that have long resisted disruption. Continue reading →

Bain Capital execs: iBuyers are foes of brokers and homebuyers

By | | Uncategorized
Comments Off on Bain Capital execs: iBuyers are foes of brokers and homebuyers

Merritt Hummer, a principal at Bain who spoke with Harris and during a second Inman Connect session Friday, also painted iBuyers as antagonists to consumers themselves. Continue reading →

KW iBuyer ‘probably’ coming in Q2, Gary Keller confirms

By | | Uncategorized
Comments Off on KW iBuyer ‘probably’ coming in Q2, Gary Keller confirms

Keller Williams will “probably” launch its own iBuyer program in the second quarter of 2019, Gary Keller confirmed during a multi-hour presentation of the company’s 2019 technology plans on Friday, January 11. In audio obtained by Inman, Keller said th… Continue reading →

Redfin Now is buying homes for cash in Los Angeles

By | | Uncategorized
Comments Off on Redfin Now is buying homes for cash in Los Angeles

The company had previously been operating its iBuyer program in other parts of Southern California, including San Diego and Orange County, but also revealed Wednesday that it has closed on 150 homes across the region. Continue reading →

The biggest mergers and acquisitions of 2018

By | | Uncategorized
Comments Off on The biggest mergers and acquisitions of 2018

The year in real estate was marked by big-name brokerages and franchises using their capital to gobble up market share and boost their value propositions with enhanced agent technology. Continue reading →

These were the biggest iBuyer stories of 2018

By | | Uncategorized
Comments Off on These were the biggest iBuyer stories of 2018

The iBuying market exploded this year, to the point that its rapid expansion has become one of the year’s most dominant real estate stories. Continue reading →