Two leading iBuying companies - Zillow and Opendoor - are paying home sellers close to market prices, according to a study by Mike DelPrete, a leading real estate industry author and analysts. The study looked at 20,000 transactions and determined that the iBuying firms charged a 6% to 9% fee vs. the typical 5% to 6% commission paid on most home sales.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
