The good news is that eight REALTORS® made Forbes’ annual Billionaires’ List this year. The bad news is that no CVAR members were among them. But don’t despair…. There are more than 200 real estate billionaires across the globe, including California’s commercial real estate tycoon Donald Bren, who’s our country’s wealthiest with a net worth […]
Zillow Tests Closing Platform
Zillow is testing a “homegrown closing services” platform in a handful of markets — including title and escrow services — in what the company says is an attempt to bring the company closer to offering a one-stop platform to wrap around its homebuying and selling platform, Zillow Offers. The move is also an effort to […]
How to Tell Clients iBuyers Cost Them Money
A new study by Collateral Analytics found that sellers end up paying between 13 and 15 percent more when working with iBuyers. The first step in quelling an iBuyer is to help consumers understand that iBuyers are actually iInvestors. The term iBuyer, for the most part, means a direct-to-consumer homebuying and selling service. They generally […]
Why iBuyer Threat Is Overblown
IBuyers like Opendoor, Offerpad and Zillow Offers could be hugely successful, yet amount to a negligible market presence, said NRT CEO Ryan Gorman at the Inman Connect real estate industry conference in Las Vegas. Gorman broke down why he believes iBuyers aren’t an existential threat to the livelihoods of real estate agents, in a session entitled “Don’t […]
Go iBuyer Targets Multi-Family Properties
Focus Is to Buy, Raise Rents, Re-sell Properties A growing number of companies are rushing to let homeowners offload their homes to investors online for cash. Collectively, they are known as iBuyers, and now a new startup, Go iBuyer, has entered the fray with the goal of purchasing, renovating, and re-selling entire multifamily properties in Los […]