REAL ESTATE INDUSTRY NEWS
Opendoor and Zillow converge business models
Source: Inman News
By: Teke Wiggin, Staff Writer / 7/24/19
The business models of the two iBuyers have more in common than one might think, an interview at Inman Connect Las Vegas revealed.
There used to be some pretty clear differences between the two leading iBuyers — Zillow and Opendoor.
Opendoor bought and resold homes without using traditional agents, whereas Zillow worked with outside, third-party agents. Zillow was also understood to be largely focused on using its iBuyer to generate seller leads for partner agents; Opendoor, on the other hand, seemed to be dedicated to buying homes whenever possible.