(Disclosure: Rose Law Group represents Offerpad.)
By Tim Glaze | HousingWire
A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public.
RedfinNow, the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C. area. The company’s iBuyer platform is already available in Arizona, California, Colorado, Texas and Washington.
“Moving is stressful enough, without having to worry about your home selling before you’ve found a home to buy,” said John Monen, RedfinNow regional manager. “We let homeowners choose their closing date and stay in the home after the closing through a rent back, so that they only have to move once.”
Jason Aleem, a vice president at RedfinNow, added that it’s become the norm for homeowners to compare what they could get for the home with an instant sale versus the price it would fetch on the open market in the current condition.