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Zillow & Opendoor Partnership. Now What?

Updated: Sep 10

Recently I-buyer forces #Zillow & #opendoor partnered up to make up for each other's weaknesses. Zillow clients will now be able to recieve OpenDoor offers to sell their home, and compare that offer with a local agent referred by Zillow's Premeir Agent Program? Essentially Zillow is utilizing the opportunity to use OpenDoor's I-buyer program, paired with Zillow's huge market share. Let's see how this plays out. The big questions going forward? How does this affect the real estate market going forward for professionals, and consumers alike?




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What is an I-Buyer?

An I-buyer is a real estate company that uses technology to make cash offers on homes, without the need for a real estate agent. These companies then sell the homes themselves, or use them as rental properties. I-buyers have become increasingly popular in recent years, as they offer a convenient way to sell your home quickly, without having to go through the hassle of listing it on the market.

How does this partnership work?

The new partnership between Zillow and Opendoor will allow Zillow users to receive an offer from Opendoor to sell their home. This offer will be in addition to any offers that they may receive from real estate agents referred by Zillow's Premier Agent Program. This partnership will give Zillow users the ability to compare offers from both real estate agents and I-buyers, and make the best decision for their situation.

What are the benefits for consumers?

The benefits for consumers in this new partnership are that they will have more options when it comes to selling their home. They will be able to compare offers from real estate agents and I-buyers, and make the best decision for their situation. This partnership will also allow Zillow users to sell their home quickly and conveniently, without having to go through the hassle of listing it on the market.

What does this mean for real estate agents?

This new partnership between Zillow and Opendoor could have a negative effect on real estate agents. If more and more people begin using I-buyers to sell their homes, it could lead to a decrease in business for real estate agents. Additionally, if Zillow users are able to get offers from both real estate agents and I-buyers, they may be less likely to use a real estate agent, as they will have the option to go with the cheaper option of an I-buyer.

Are real estate agents jobs at jeopardy?

Real estate agents jobs are not currently at jeopardy, as the partnership between Zillow and Opendoor is still in its early stages. However, if this partnership proves to be successful and more people begin using I-buyers to sell their homes, it could lead to a decrease in business for real estate agents. Additionally, if Zillow users are able to get offers from both real estate agents and I-buyers, they may be less likely to use a real estate agent, as they will have the option to go with the cheaper option of an I-buyer.

Conclusion – what does the future hold?

The real estate market is ever-changing, and the recent partnership between Zillow and Opendoor is proof of that. This new partnership has the potential to change the real estate landscape as we know it, and only time will tell how successful it will be. If more people begin using I-buyers to sell their homes, it could lead to a decrease in business for real estate agents. Additionally, if Zillow users are able to get offers from both real estate agents and I-buyers, they may be less likely to use a real estate agent, as they will have the option to go with the cheaper option of an I-buyer. Only time will tell what the future of the real estate market holds.




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