By Dima Williams | Forbes
(Disclosure: Rose Law Group represents Offerpad.)
Even though some real estate mavens declared the iBuying model dead when major players suspended their home purchases in late March due to the coronavirus pandemic, the segment seems to have only fallen into a slumber, from which it is now awaking.
After a month-long hiatus, Opendoor, Offerpad, Redfin and Zillow have just announced their intentions to resume making cash offers to homeowners looking to sell their residences quickly and hassle-free.
“Through the last 30 to 45 days, we’ve received thousands of requests from sellers,” said Offerpad Senior Director of Communications Cortney Read. “So we know that the need is still there. People are still looking to buy and sell.”