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Zillow, Opendoor Pay Close to Market Value for Homes, Study Says

Written by CRETech | Nov 14, 2019 12:00:54 PM

Companies using technology to make rapid cash offers to home sellers are typically paying their customers close to market value, a new study found. The study’s conclusion is likely to be reassuring for sellers who are considering using so-called iBuyers instead of traditional real-estate agents. But it raises questions about the long-term sustainability of the iBuying business.