Opendoor Fined $62M by FTC: Should You Sell to an iBuyer?

Opendoor was fined $62M by the FTC. iBuyer companies are institutional buyers that buy your home at a discount and flip it. Opendoor was fined for false advertising practices by the Federal Trade Commission.

In this episode we will talk about ibuyers and the role they play in real estate. We will give examples of how they potentially cost more than a regular sale and the disadvantages of using them in general.

Opendoor, Zillow, offerpad and Redfin are among the numerous companies acting as ibuyers.

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