On the Opendoor Acquisition of Open Listings

Just thought I’d drop a brief (well, for me) note here about Opendoor’s acquisition of Open Listings, in between preparing for hurricane Florence…. Inman News has the story: Flush with hundreds of millions in venture funding, the fast-growing home-buying and selling startup Opendoor is making its first acquisition: Open Listings, a discount brokerage with a team of salaried in-house … Read more

Thoughts on OfferDepot, Opendoor, Zillow

Mike Delprete, the man behind Adventures in Real Estate Tech, recently sent out an email newsletter (I can’t find the article on his website) about OfferDepot: A Keller Williams team in Phoenix recently launched OfferDepot, an instant offer play, to “help with all the confusion with cash offers vs bringing your home to market.” Why … Read more

Are Investor Offers Always Worse?

I’ve been in the mountains of North Carolina the last couple of weeks with intermittent internet service and zero cell coverage. So obviously, blogging was nonexistent. I barely responded to emails, to be honest. One interesting conversation I had with Sunny around the campfire, though, was whether investor offers are always and everywhere worse than … Read more

HouseCanary, Predictive Analytics and TEOTWAWKI

&nbsBrian Boero’s Friday Flash today is particularly interesting. He talks about the growth of predictive analytics, and writes this: It’s two years from now. Pretty much every agent in America has some sort of predictive analytics tool available to them, either through their broker, franchise, MLS or by buying it directly. They’re all looking at … Read more

Understanding Opendoor’s Mortgage Brokerage Move

Regular readers know that I have said that Opendoor could be the most important company in real estate. My reasoning was that Opendoor looked to be trying to revolutionize the single biggest painful aspect of buying a home: the mortgage. Here’s what I wrote: So yeah, I think Opendoor is about revolutionizing the entire culture around how homes … Read more

Understanding Opendoor’s Mortgage Brokerage Move

Regular readers know that I have said that Opendoor could be the most important company in real estate. My reasoning was that Opendoor looked to be trying to revolutionize the single biggest painful aspect of buying a home: the mortgage. Here’s what I wrote: So yeah, I think Opendoor is about revolutionizing the entire culture around how homes … Read more

Forest for the Trees: Opendoor Edition

I’ve been really, really busy traveling all over this great country of ours. Finally got to visit Montana which is every bit as beautiful as advertised… I think… since most of what I saw was snow blinding my windshield…. But the view from the plane coming in and flying out was exquisite. Must visit again … Read more

Opendoor.com and the Power of Radical Questions

A couple of days ago, a friend of mine in the commercial real estate space asked me about Opendoor.com. I had no idea what he was talking about, so I went over to look at what that’s about. Well, this is what the website looks like right now: Hm. “The easiest way to sell your … Read more