In recent years, companies like Opendoor and Offerpad have flocked the streets of many American cities with their inviting signs, allowing interested buyers almost instant access. These companies are what people in the real estate industry refer to as an iBuyer. Their promise is maximum convenience, a fair offer, and as much flexibility as their … Read more
Executive Summary: Knock is an online real estate platform that allows property owners to trade in their old home for a new one (via the company’s Home Swap™ service). Knock makes money via a convenience fee (equal to 1.25 percent) as well as the profit it generates when selling a home for more than it … Read more
Executive Summary: Offerpad is an online real estate marketplace that buys and sells homes on its platform. The company, which can be classified as a so-called iBuyer, utilizes technology to aid with the buying and selling process. Offerpad makes money via the service fees it charges sellers with as well as the profit it turns … Read more
Executive Summary: Opendoor is a real estate platform that buys, sells, and trades homes online. The company utilizes artificial intelligence and other technological aids (such as an app) to speed up and improve its operations. The business model of Opendoor is based on selling the houses it buys up for a profit. The company makes … Read more