{"id":18500,"date":"2021-09-25T08:34:06","date_gmt":"2021-09-25T15:34:06","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18500"},"modified":"2021-09-25T08:34:06","modified_gmt":"2021-09-25T15:34:06","slug":"overnight-news-if-you-got-beat-by-an-ibuyer-you-deserved-it","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18500\/overnight-news-if-you-got-beat-by-an-ibuyer-you-deserved-it\/","title":{"rendered":"Overnight News: If you got beat by an iBuyer, you deserved\u00a0it."},"content":{"rendered":"

\"Ya

\u201cEvery new critter at the pet store is allegedly \u2018the new dog\u2019. Hold your breath. Dogs and honest brokers come home with dinner when everyone else goes home\u00a0hungry.\u201d<\/p><\/div>Linked below, there is apparently a TikTok video of a real estate agent accusing iBuyers of nefarious market brilliance. He’s in Nevada, where Florida goes to blow its reputation for probity, so that alone may explain his conclusions.<\/p>\n

Mine are the opposite: The iBuyers are terrible marketers. They buy low from idiots, but they have cultivated a whole new garden of flippers who will pay more \u2013 and who have the iBuyers’ marketing to attract sellers. But to this day, the sell like REO agents \u2013 like intern REO agents: They do everything they can to leach the marketing value from their marketing efforts.<\/p>\n

I’ve bitched about this before, in detail, but here’s a current example: OpenDoor has a listing on Coggins Drive in Sun City. A couple of months ago, a good gust of monsoon wind grabbed their yard sign and twisted the post 45 degrees in the ground. Yes: That much wind. Note also: Months ago. What’s fun is that the sign is still tilted that way. Nobody serviced the sign because nobody services the listings \u2013 the listings that sit on the market forever, just like any mis-marketed REO.<\/p>\n

My take: If you got beat by an iBuyer, you suck and you belong in another business. They do, too, but there is no point in you racing them to bankruptcy.<\/p>\n

In other news:<\/em><\/strong><\/p>\n

MarketWatch:<\/strong> Viral TikTok accuses Zillow and competitors of manipulating the housing market. Here\u2019s what\u2019s really going on.<\/a><\/p>\n

Housing Wire:<\/strong> New home sales rise for second consecutive month.<\/a><\/p>\n

City Journal:<\/strong> Ending Homelessness? No \u2013 just more of the same federal policy.<\/a><\/p>\n

Michael Fumento:<\/strong> The Myth of \u2018Long COVID.\u2019 For all the twists and turns of the COVID-19 pandemic, perhaps none is stranger than so-called \u201cLong Covid.\u201d<\/a><\/p>\n

Andrea Widburg:<\/strong> A look at the terrible plight of one of Biden\u2019s political prisoners.<\/a><\/p>\n

Townhall.com:<\/strong> New Report: More Americans Are Choosing Charter Schools Over Failing Government Schools.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cEvery new critter at the pet store is allegedly \u2018the new dog\u2019. Hold your breath. Dogs and honest brokers come home with dinner when everyone else goes home\u00a0hungry.\u201dLinked below, there is apparently a TikTok video of a real estate agent accusing iBuyers of nefarious market brilliance. He’s in Nevada, where Florida goes to blow its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18500","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17336,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17336\/the-ibuyers-are-super-good-at-mulcting-buyers-agents-with-science-thats-why-they-cant-price\/","url_meta":{"origin":18500,"position":0},"title":"The #iBuyers are super good at mulcting buyer\u2019s agents with science. That\u2019s why they\u00a0can\u2019t\u00a0price.","author":"Greg Swann","date":"October 20, 2020","format":false,"excerpt":"Mike DelPrete is worth reading, so long as you understand that, like The Inglorious Knob, he is one with The Borg. Just lately I mentioned that the iBuyers in Phoenix are nicking buyer's agents for commission \u2013 which is just the kind of dick move you expect from financially-inept sociopaths.\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/aidan-bartos-v9rZ3Yz6fSg-unsplash-1-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17353,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17353\/dear-daniel-morillo-heres-why-opendoors-houses-sell-so-poorly-even-in-a-blistering-real-estate-market\/","url_meta":{"origin":18500,"position":1},"title":"Dear Daniel Morillo: Here\u2019s why #OpenDoor\u2019s houses sell so poorly \u2013 even in a blistering real estate\u00a0market.","author":"Greg Swann","date":"October 25, 2020","format":false,"excerpt":"Once upon a time in my young career, I used to think about sending little notes to flailing sellers, telling them why their houses weren't selling. Arguably, this would have been a violation of Article 15 of the NAR Code of (ahem) Ethics, but it would have been bad form\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/109-clipped.jpg?resize=700%2C400 2x"},"classes":[]},{"id":17242,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17242\/a-sunday-sermon-for-the-phoenix-ibuyers-do-not-bind-the-mouths-of-the-buyers-agents\/","url_meta":{"origin":18500,"position":2},"title":"A Sunday sermon for the Phoenix iBuyers: \u201cDo not bind the mouths of the Buyer\u2019s\u00a0Agents.\u201d","author":"Greg Swann","date":"October 4, 2020","format":false,"excerpt":"I don't list a lot, right now, but I have been working for years to list perfectly: Highest\/safest\/soonest offer in minimal Days on Market. I haven't done my numbers in a while, but I've been under seven days, on average, for a long time, typically selling at or above Fair-Market\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/muhammad-umair-TxQSdnp6D_k-unsplash-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17107,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17107\/the-news-is-not-that-zillow-is-going-to-have-agents-its-going-to-have-newbies-for-agents\/","url_meta":{"origin":18500,"position":3},"title":"The news is not that Zillow is going to have agents. It\u2019s going to have newbies for\u00a0agents.","author":"Greg Swann","date":"September 23, 2020","format":false,"excerpt":"Housing Wire: A Zillow spokesperson told HousingWire that these people are already employed with Zillow, and will be getting real estate licenses. Zillow said it will not be recruiting for these positions. It's a boiler-room job \u2013 in the same article, George Laughton says Zillow still won't be getting its\u2026","rel":"","context":"In "iBuyers"","block_context":{"text":"iBuyers","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ibuyers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/austin-distel-97HfVpyNR1M-unsplash-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18028,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18028\/overnight-news-if-ibuyers-sell-slowly-and-weakly-in-an-impossibly-easy-market-how-much-worse-will-they-do-when-the-worm-turns\/","url_meta":{"origin":18500,"position":4},"title":"Overnight News: If iBuyers sell slowly and weakly in an impossibly-easy market, how much worse will they do when the worm\u00a0turns?","author":"Greg Swann","date":"April 7, 2021","format":false,"excerpt":"Real estate is kids and dogs, but real estate sales is entrepreneurs. I was interviewed yesterday on the future prospects of the big-name iBuyers, whose numbers are everyday augmented by many, many no-name iBuyers. I'm a bear, of course. When the market turns, the slow-selling pontificating poindexters will discover why\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17511,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17511\/overnight-news-is-the-incumbent-is-now-the-real-estate-broker-elect-market-swing-threatens-overdue-shellacking-for-doe-eyed-ibuyers\/","url_meta":{"origin":18500,"position":5},"title":"Overnight News: Is \u201cThe Incumbent\u201d now the Real Estate Broker-Elect? Market swing threatens overdue shellacking for doe-eyed\u00a0iBuyers.","author":"Greg Swann","date":"November 22, 2020","format":false,"excerpt":"Seen any commercial TV lately? Have you spotted ads from local real estate vendors offering to make cash offers for homes \u2013 right now, on the spot, in any condition? \"That's not really iBuying!\" the iBuyers will shout \u2013 and it's true. It's flipping Homevestors.com-style \u2013 Ug's uglier offspring. What\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18500"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18500\/revisions"}],"predecessor-version":[{"id":18501,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18500\/revisions\/18501"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}