Do iBuyers like Opendoor and Zillow Make Fair Market Offers?
Ever since the iBuyers (Opendoor, OfferPad, Zillow) have entered marketplace there has been a lot of articles and social media posts about this age old question. Do iBuyers like Opendoor and Zillow make fair market offers on the homes that they purchase?
In an attempt to answer this question, Mike DelPrete, a global real estate tech strategist, and a scholar-in-residence at the University of Colorado Boulder completed a comprehensive study that is both deep -- reviewing over 20,000 iBuyer transactions -- and broad -- utilizing multiple methodologies to draw insights from the data. The evidence suggests a clear answer to an often confusing question.
Click on the image below to read the full report.