This is some of your iBuyer competition and their status in the market:
Reportedly selling 50 houses per day. To date they have raised $645 million in equity and they have over a $2 billion valuation. Operating in 19 markets — and expanding into new markets.
Real estate platform Zillow changed up its business model and is now buying houses in 8 markets. Zillow says it is working with their “premier agents” to handle the listings.
OfferPad has a recent influx of capital, bringing their raise to $410 million in equity and debt. Currently in 11 markets. They had first partnered with Zillow, until Zillow started their own iBuyer.
Knock has now raised $400 million. They have a “trade-in model” with a presence in 10 markets. They claim they guarantee the seller’s house will sell or they will buy it.