Get Ready, The 72 Hour Escrow is Coming

By
Real Estate Technology with Buying Buddy IDX CRM Suite

The recent Inman article “Why Home Selling Will Never Be the Same,” got me thinking.  In a world of instant everything, are we about to make the jump to instant home sales? Several newish companies are betting that we will, and investors are putting up loads of money for them to put money where their mouths are. Companies like Opendoor, OfferPad and Knock are leading the charge into the techno house flipping business.  They are offering sellers a closing so fast, as little as 72 hours, it will leave your head spinning.

There are “horror” stories like massive fees and sellers getting less than market value for their homes, but putting that aside are they providing a real value? Some argue when it comes to homes most sellers don’t value speed. On the other side, when speed is coupled with guarantees of price and closing that adds a real sweetness to the deal.

I don’t see people’s desire for instant gratification going anywhere, but will that transfer to the Real Estate industry? We need to keep a close eye on the situation, and if the answer is yes, then we need to find ways to become early adopters. What do you think? You can read the full Inman article here.

Posted by

Paul Eastwood
Buying Buddy IDX CRM


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Comments (1)

Anonymous
Joe Manna, OfferPad

In addition to speed and assurance that their home will sell for an agreed-upon price, homeowners appreciate having total control over the entire transaction. Companies like OfferPad give homeowners back their time and privacy in showing their house to strangers. And what makes OfferPad attractive is that they utilize their local knowledge of real estate trends in making a competitive, fair offer. They also offer additional perks that make the entire move a smooth experience.

Those who have a desire to move quickly, are purchasing another home, relocating, or simply want out of their existing home would benefit the most from OfferPad. If you have patience and are willing to lose some sleep over the getting probably one percent more in the sale, then it's okay to explore alternatives. Either way, we give homeowners a chance to get a fair price without any commitment or strings attached.

I hope this helps readers appreciate how OfferPad benefits homeowners. It's not for "everyone" ... but it could be for many who value speed, assurance, and control when they sell their home.

Mar 21, 2017 01:23 PM
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