OPAD - 2 Reasons I'm Still Not Investing in iBuying
A lot of people are jumping on the iBuying bandwagon as major iBuyers Redfin (NASDAQ: RDFN) , Offerpad (NYSE: OPAD) , and Opendoor (NASDAQ: OPEN) continue to ramp up scale. In 2021, iBuyers purchased 70,420 homes, double the number purchased in 2019.
This system for instantly buying homes using an algorithm to craft a cash offer and then fixing the home up before listing it at a higher price has gained notable traction among sellers and investors. But there's heavy debate over whether iBuying is here to stay. Despite most companies seeing business grow, here are two reasons I'm still not investing.
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2 Reasons I'm Still Not Investing in iBuying