Online Companies Purchasing Real Estate

Carvana is an online company that uses technology to purchase vehicles then resell them. This route creates less hassle for the seller since an instant offer is given once vehicle specifics are entered online. There are companies doing similar things with real estate properties. Zillow Offers and Opendoor are two examples.

While companies like Zillow Offers create an easy route and quick sale for real estate sellers, it could mean a lower profit. One of the big advantages to this route is that there is no face-to-face interaction, which is helpful with restrictions from the pandemic ongoing. There is also no need for open houses and showings. This can be helpful for those families with pets, little kids, and busy lives. At what point is it beneficial to sell your real estate investment property to a buyer like Zillow Offers?