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iBuying MacroTalk
The sentiment around iBuyers has changed quite drastically from bullish to bearish in the past couple of months. While iBuying certainly has a lot of risks, it also has huge potential when executed right.
The latest Fincredible MacroTalk covers what company executives are saying regarding iBuying. It has quotes from $ZG $Z $RDFN $OPEN $LEN $OPAD $COMP $VGR
Here are the quotes I found most interesting regarding the benefits to sellers and the risks to iBuyers:
Benefits
- $OPAD “One of the benefits of the iBuying platform is the advantages of a cash offer, with no showings and a control over the timing of the transaction, become more apparent in a cooler market where the traditional model can take 90-plus days to sell a home.”
- $LEN "The iBuyers are providing liquidity while becoming an essential convenience provider as the coordination of the closing of a new home is being complicated by supply chain disruptions."
Risks
- $Z "Extraordinary volatility in our earnings and this big markdown on a relatively low volume of units, coupled with us running into internal and external kind of capacity and labor constraints basically brought into high relief and forced us to recognize the inherent risk that exists in the iBuying operation."
- $RDFN "If you have to buy houses every day of the week in every type of market condition, you are just force feeding yourself potentially toxic assets."
If you'd like to read the whole post, here's the link: Fincredible MacroTalk iBuying
fincredibletranscripts.substack.com
Fincredible MacroTalk November 17: iBuying
Comments on iBuying from company earnings calls $ZG $Z $RDFN $OPEN $LEN $OPAD $COMP $VGR.
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