Promises...

Promises...

RSS news feed to come...
 

Promises...

Promises...

MLS listings feed to come...
 

Promises kept...

Promises kept...

Seller? Buyer? Flipper? Want to make the best possible deal? Let’s talk: 602-740-7531.

The ‘incumbent’ iBuyers’ biggest obstacle? Thinking too small.

Demography is destiny, and nobody knows that like the hopeful seller of a six-bedroom home. Is that seller an iBuyer? Danged if it ain’t! But no one hopes like a note-holder – and yet there is no reason to project moral hazard in any direction except catastrophic, and iBuying promises to make that all worse: […]

Read More

Which iBuyer stunk up Phoenix worst last quarter? So hard to choose…

It’s not really hard to choose, it’s just pointless – for now. The average American is slightly above average, and OfferPad was slightly less awful, in its second-quarter 2019 metro-Phoenix closings, compared to OpenDoor and Zillow. I told you they were a comer. Meanwhile, I’m still not in love with my monthly numbers, so I […]

Read More

Can an iBuyer ever get lucky and make a profit? Maybe – but only by coming up with triple-sevens.

DOOP is death, we’ve established that. I’ve known for months that the iBuyers either don’t know or don’t care that money costs money, but it does, regardless. And as soon as you account for the cost of money in iBuyer transactions, all of the imagined profits go up in imaginary smoke. Every other flipper knows […]

Read More

Good news for Realtors: iBuyers suck at real estate – and now they know it, too.

What’s every bad Realtor’s best friend? Starvation. When you suck at real estate, your stomach will find a way to convey that fact to you, even if you deny every other evidence. Zillow should be so lucky. When you have unlimited funding, as the iBuyers do – for now – you lack the motivation to […]

Read More