{"id":792,"date":"2020-05-18T14:04:00","date_gmt":"2020-05-18T18:04:00","guid":{"rendered":"https:\/\/ibuyer.com\/blog\/?p=792"},"modified":"2023-02-10T08:14:55","modified_gmt":"2023-02-10T13:14:55","slug":"zillow-and-offerpad-get-back-in-the-game-as-well","status":"publish","type":"post","link":"https:\/\/ibuyer.com\/blog\/zillow-and-offerpad-get-back-in-the-game-as-well\/","title":{"rendered":"Zillow and Offerpad Get Back in The Game As Well"},"content":{"rendered":"\n<p><strong>Last week Opendoor and Offerpad resumed their activity after a coronavirus-related shutdown and now two other companies- Zillow and RedfinNow- announced last week that they will resume making all-cash offers to homeowners. &nbsp;<\/strong><\/p>\n\n\n\n<p>Redfin said that the company will immediately relaunch its iBuyer program, offering virtual home tours and open houses, starting in Austin, Denver and Los Angeles. Also, they will be bringing back 14% of their work staff that they furloughed following the start of the outbreak in the U.S.<\/p>\n\n\n\n<p>Redfin CEO Glenn Kelman said on an earning call last Thursday that the &nbsp;\u201cissue for Redfin hasn\u2019t been customer interest. We have never put anything on our website that homeowners responded to more eagerly than a cash offer. The issue has been just how we respond to that interest.\u201d&nbsp;<\/p>\n\n\n\n<p>Zillow also annonuced that they will be realunching their iBuying service, <strong>Zillow Offers,<\/strong> \u201clikely within the next few weeks\u201d, said CEO Rich Barton.&nbsp;<\/p>\n\n\n\n<p>The company froze hiring, suspended marketing and discretionary spending as the coronavirus pandemic began shutting down many parts of the U.S. economy in March, which caused Zillow to cancel its revenue guidance and slashed expenses by 25 percent.<\/p>\n\n\n\n<p>Barton also predicted a \u201cgreat reshuffling\u201d in the way people buy and sell home. The forced adoption of tools like\u00a0<a href=\"https:\/\/therealdeal.com\/2020\/05\/07\/trial-by-fire-virtual-showings-put-to-the-test\/\" target=\"_blank\" rel=\"noreferrer noopener\">virtual touring<\/a>\u00a0and digital paperwork were long overdue, he said.<\/p>\n\n\n\n<div class=\"card my-5 shadow-lg\">\n                    <div class=\"card-body py-md-4\">\n                      <div class=\"row align-items-center justify-content-center py-md-3 py-lg-2 py-xl-3\">\n                        <div class=\"col-12\">\n                          <h3 class=\"mb-4 h5 text-center font-weight-normal\">\n                            <span class=\"text-primary\">Cash offers<\/span> on your home? <span class=\"d-inline-block\">You\u2019re in <span class=\"d-inline-block\">the right place!<\/span><\/span>\n                          <\/h3>\n                        <\/div>\n\n                        <div class=\"col-12\">\n                           <div class=\"ui-v2 search-address-form bg-white py-0\">\n                        <div class=\"row justify-content-md-center\">\n                          <div class=\"col-12 col-md-7 pr-md-2\">\n                            <div class=\"input-group mb-0 shadow-sm\">\n                              <div class=\"input-group-prepend\">\n                                <div class=\"input-group-text bg-white border-right-0\">\n                                  <div class=\"icon\">\n                                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-geo-alt-fill\" viewBox=\"0 0 16 16\">\n                                      <path d=\"M8 16s6-5.686 6-10A6 6 0 0 0 2 6c0 4.314 6 10 6 10zm0-7a3 3 0 1 1 0-6 3 3 0 0 1 0 6z\"><\/path>\n                                    <\/svg>\n                                  <\/div>\n                                <\/div>\n                              <\/div>\n\n                              <input type=\"text\" id=\"autocomplete4\" class=\"form-control form-control-lg px-0\" placeholder=\"Enter your home address\" autocomplete=\"off\" v-on:change=\"onAddressChange($event)\" v-on:keydown.enter=\"searchMyAddress($event)\" onfocus=\"this.autocomplete='smartystreets'\">\n\n                              <div class=\"input-group-append\">\n                                <div class=\"input-group-text bg-white border-left-0 p-0\">\n                                  <button type=\"reset\" id=\"clear-address-btn4\" class=\"btn px-2 h-100\" name=\"clear\">\n                                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-x\" viewBox=\"0 0 16 16\">\n                                      <path d=\"M4.646 4.646a.5.5 0 0 1 .708 0L8 7.293l2.646-2.647a.5.5 0 0 1 .708.708L8.707 8l2.647 2.646a.5.5 0 0 1-.708.708L8 8.707l-2.646 2.647a.5.5 0 0 1-.708-.708L7.293 8 4.646 5.354a.5.5 0 0 1 0-.708z\"><\/path>\n                                    <\/svg>\n                                  <\/button>\n                                <\/div>\n                              <\/div>\n                            <\/div>\n\n                            <ul class=\"us-autocomplete-pro-menu4 autocomplete-menu\" style=\"display:none;\"><\/ul>\n                          <\/div>\n\n                          <div class=\"col-12 col-md-auto pl-md-2\">\n                            <button id=\"disabledHomeValue4\" type=\"button\" class=\"btn btn-primary btn-lg btn-block mt-3 mt-md-0\" v-on:click=\"searchMyAddress($event)\" disabled=\"\">\n                              Get My Cash Offers\n                            <\/button>\n                          <\/div>\n                        <\/div>\n                      <\/div>\n                        <\/div>\n                      <\/div>\n                    <\/div>\n                  <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last week Opendoor and Offerpad resumed their activity after a coronavirus-related shutdown and now two other companies- Zillow and RedfinNow- announced last week that they will resume making all-cash offers to homeowners. &nbsp; Redfin said that the company will immediately relaunch its iBuyer program, offering virtual home tours and open houses, starting in Austin, Denver [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,5,11],"tags":[],"class_list":["post-792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-selling","category-ibuying","category-real-estate-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Zillow and Offerpad Get Back in The Game As Well - iBuyer Blog<\/title>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zillow and Offerpad Get Back in The Game As Well\" \/>\n<meta property=\"og:description\" content=\"Last week Opendoor and Offerpad resumed their activity after a coronavirus-related shutdown and now two other companies- Zillow and RedfinNow- announced last week that they will resume making all-cash offers to homeowners. &nbsp; 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