Tag Archives: OfferPad

Why can’t iBuyers over-price? The house still has to appraise. The better question: Why can’t they close?

Welcome to Coldwater Springs, very much my world. I’ve represented a lot of sellers and buyers in there, and we manage nine rental homes in that community. I can price to the dollar almost anywhere, but nowhere so well as there. You’re looking at the active market in the community right now, but only six […]

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If the iBuyers are bullshitting about ‘pricing algorithms,’ which of their other pronouncements can be trusted?

I wish reporters would take well-informed experts along on #iBuyer interviews to ask the follow-up questions. The claims reported everywhere are absurd, and none are backed by evidence that I have seen – where pricing-by-algorithm, at least, would seem to be a big fat lie.

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