Another major case popped up in the real estate industry and some people are cheering while others are still deciding what they think. The case involves Opendoor’s iBuyer, which CHANGED UP the process of selling properties by skipping the work of listings and showings. The technology is still out here, but will it progress or fade out? LISTEN UP.

The real estate game is changing - screw that - it already has and no-one is REALLY talking about it....until now. Real Estate of Tomorrow holds conversations on crucial topics needed to successfully navigate the shifting real estate industry. In this bi-weekly podcast we break down the massive shifts in real estate and tell you the specific steps you need to take to kick a$$ in the coming years, just like we are. We’re your hosts, Edgardo Balentine and Scott DiGregorio, giving you the rundown on real estate from decades of experience and the new generation.

Opendoor invented iBuyer to streamline the process for sellers. So, the biggest benefit is PROCESS SPEED rather than savings or deals. That’s the overall message that the company gives. Through some interpretations, a lawsuit was filed saying Opendoor’s iBuyer does not deliver on a claim they advertise. Companies getting sued is not uncommon, so the real outcome depends on how Opendoor moves iBuyer forward.

Today we talk about how iBuyer may be impacted by the lawsuit and if it really is a win for the real estate industry. Agents and advisors are going to want to know how iBuyer will develop so they can prepare themselves to adapt, or even leverage the technology. TAP IN as we discuss digital processes vs a human touch, emotion-based decisions vs stress-based decisions, and iBuyer’s possible decline vs iBuyer’s possible growth.

What are you doing today to be relevant tomorrow? What are you doing today to be successful tomorrow?

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Time stamps:

[00:36] - Is iBuyer coming to an end?

[02:15] - What is an iBuyer?

[04:18] - This claim is what sparked the lawsuit.

[06:33] - Could iBuyer still be the future of selling properties?

[09:27] - Are there any concerns about the growth of iBuyer?

[11:13] - Emotions play a role in selling a house. Does this cause a conflict in using iBuyer?

[13:48] - What if the property has specialized features?

[15:53] - Technology is already moving rapidly. Can’t it figure out real estate?

[17:20] - “Time will tell what goes on.”

[20:12] - Are you planning how you’ll adapt to iBuyer’s growth? PART 1

[22:30] - Are you planning how you’ll adapt to iBuyer’s growth? PART 2

[24:14] - Don’t be left behind. Be innovative.

Links:

Real Estate of Tomorrow

Edgardo Balentine 

Scott DiGregorio

Episode 5: Is Zillow dead...or just napping?