The business of iBuying is destined for the trash heap, its future so seemingly inevitable that I'm shocked anyone alive considers this a viable business with a real terminal value. Did we not learn real fast back in 08 that the financialization of people's homes is basically a non-starter? Being a glorified payday lender with people's homes is never going anywhere. It's one big Catch 22, if these companies ever even figure out how to make money from this (and so far they can't) they will inevitably just get shut down by local governments, which has already begun in Europe.
i think it can work , but you need to expect pretty slim margins. You basically need to offer a very fair price on very safe houses and make your margins by cutting out the realtors fees.
