Opendoor temporarily pulls plug on iBuyer program.
The spokesperson said the company has been closely monitoring the escalation of COVID-19 over the last few weeks and is mindful of the impact the crisis has had on the communities in which the company operates. Ultimately, the spokesperson said, the priority for Opendoor is the safety and well-being of its customers, employees and the general public.
Redfin pulls plug on iBuyer program. RedfinNow, which generated 40% of the brokerage’s Q4 revenue, was suspended amid coronavirus crisis.
“On March 18, 2020, we announced that RedfinNow, our business that buys homes directly from homeowners and resells them to homebuyers, will temporarily pause making offers on homes,” the company disclosed Wednesday in a filing with the Securities and Exchange Commission.
In a statement, Redfin CEO Glenn Kelman said that the decision was made in response to the ambiguous nature of the housing business right now.
The decision comes at a time when the platform was rapidly scaling. It was live in 13 markets and saw a 407 percent increase in the number of homes sold in 2019, over 2018.
Zillow and Offerpad, were still buying homes as of Wednesday. Selling a house in Palm Springs to an iBuyer means homeowners can forego the uncertainties of listing a property and never have to worry about prepping for an open house.
You can tell a lot by the tricks a San Diego real estate agent uses. Some of them are extremely tacky and, as a result, these are the agents you may want to avoid at all costs. So, we are going to point them out to you!
First of all, any Real Estate agent who puts up an ad that includes vehicles in the driveway of the property is just sloppy. It can seriously cheapen the way the property looks, and any agent who would do that may not be so great.
See an ad that touts some neighborhood or community as a “best kept secret,” or some such nonsense? Stay away from the place, it is not a secret at all.
Any property that insists its price just won’t last is a total sham — it tends to actually be too expensive anyway.
Keller Williams Palm Springs debuts long-anticipated consumer app
Keller Williams Palm Springs long-anticipated consumer-facing app went live Wednesday morning, potentially kicking off a new era for the company and — if it’s successful — for the industry at large.
The new home search tool is web- and app-based, and aims to give homebuyers and sellers a deeper understanding of the city they are searching in by neighborhood.
- Guide, a fully-customizable client companion, facilitates the entire transaction from search to signing on the dotted line.
- Win consumer loyalty by refining their search with leading-edge functionality to find what they’re looking for, faster.
- Give home buyers a deeper understanding of the neighborhoods that interest them including market and lifestyle information.
- Whether they’re looking for their next home or their dream home, help clients organize, rank, and then discuss their favorite listings.
Additionally, in the near future, consumers and agents can follow neighborhoods and get feed updates on market changes, new businesses, and service providers. With neighborhood information at their fingertips, KW Palm Springs agents become the go-to experts on clients’ neighborhoods of choice.