fbpx

Wake Up To Cash





Stop Buying Homes

October 29, 2021 - mediadealer - Money Hacks - 81 views



Date: 2021-09-30 23:41:54

×

Click Here To Try Out TrueBill! – Enjoy! Here is why the housing market could be influenced by Zilow and Redfin, why The Government Shutdown is an issue, and what this means for the future of the stock market – Add me on Instagram: GPStephan

GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & SEE MY STOCK TRADES – USE CODE GRAHAM:

NEW BANKROLL COFFEE NOW FOR SALE:

DOWNLOAD MY NEW FINANCIAL APP:

JOIN THE WEEKLY MENTORSHIP –

THE NEW PODCAST:

The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: – $100 OFF WITH CODE 100OFF

The Housing Market By Zillow And Redfin:

Websites like Zillow, RedFin, and OpenDoor have recently launched an “iBuyer” program that allows homeowners to get instant cash offers if they want to sell their home. But in this case, since Zillow and other websites have detailed information on where buyers are searching, where price trends are increasing, and how much every property sells for…they could, theoretically, target the most up-and-coming neighborhoods…buy up the inventory at discount…and then, when they own enough, they effectively “control” the market and set their own prices at a profit.

Redfin responded by saying this was not true, they would rather broker the deal than own it…they never intentionally under or overpay for a home…and only 5% of homeowners prefer convenience to a traditional listing.

But, as far as the TRUTH behind these claims…here are the facts:

First, the TikTok videos claim that iBuyers are lowballing homeowners for convenience…but, the real data says otherwise: Zillow claims that the homeowners who turn DOWN their iBuyer offer receive an average of only 0.09% MORE on their home sale by going the traditional route…and, more recently… it was found that iBuyers actually pay an average of 4% MORE than the homes market value…while dropping their fees alongside with it…meaning, in a way…they’re actually paying more than the home is worth just for the sake of getting to buy it….so, right there…his first argument is completely false.

Second, he mentions that, IF a company like this was able to buy up all the homes in the area…they could pay $30,000 more for that last home and THAT would lift up the value of every other house alongside with it…except…that is NOT how the real estate market operates.

The average homeowner stays 8 years before moving. For a company like Zillow to accumulate enough real estate to create a monopoly, this would be a decades-long phase of accumulating and holding houses…without any guarantee of actually buying enough to make a difference on the market. But, even if they WERE able to buy up all the homes…they would also need to buy all the homes at a discount, which – as we can see…isn’t happening…and, they’d still need to raise the market value of that last home…which, is impossible.

Instead, these programs only seem to be interested in buying homes for two reasons: one is growing marketshare, and two is gathering data. Since they do generate a SIGNIFICANT amount of their revenue from advertising…they can SELL active seller information to third parties for as much as $1875 each….meaning, even if Zillow or Redfin doesn’t make profit iBuying homes…they’re gaining marketshare, they’re gathering a more targeted set of data …and, long term…they’ll probably make a lot of money….but, not by raising the cost of houses in your area.

My ENTIRE Camera and Recording Equipment:

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/


Other articles similar to: Stop Buying Homes

Essential Tips And Advice Pertaining To Payday Loans

Essential Tips And Advice Pertaining To Payday Loans

When times are tight, payday advances can offer the sort of immediate access to funds that many people need. They are sometimes ne....



Simple Tricks To Help You Find The Best Payday Loans

There seems to be quite a negative stigma associated with cash advance loans. The truth is, payday cash advances aren't really bad....



The Tips You Need In Regards To Debt Consolidation

Debt consolidation can help almost anyone emerge from debt. While it doesn't make your debt magically disappear, it does help you ....



Want A Comprehensive Article On Debt Consolidation? This Is It

What kinds of things go into getting debt consolidation? Where might I find information about it that is easy to understand? What ....





Comments are closed.