#Zillow sucks at real estate even worse than the other #iBuyers: In Q2 in #Phoenix, they lost $35,769 per house. But they beat that ignominious finish by 22% in the Q3, losing $43,780 per ‘investment.’
Flipping is buying for resale, fast or slow, with or without rehab. What Zillow is doing is cosmetic flipping. If you see a difference, it’s because they’re so bad at it.
What’s the third way you can eat the #iBuyers for lunch? Stop being the middle-man and start being the supply chain. In other words: Flip to the schmoos. Repeatedly.
This will be short and sweet, because I want for you to share it with every homeowner you know. This is strategic self-defense for your equity. If you sell your home with a solid listing agent who is working for you, not using his sign in your yard to generate leads, your net return will […]
Zillow is partnering with new home builders to take away their worst objection: “What do we do about the trade-in?” Zillow will agree to buy your old home – up to eight months in advance – so you can commit to buying the new home. OpenDoor has a similar scheme – except they are willing […]