New tool compares instant bids for homes from Redfin, Zillow and other iBuyers

Local information publishing platform zavvie has entered 21 metro markets with its new Offer Optimizer tool

National /
Mar.March 24, 2019 03:00 PM

(Credit: iStock)

Zavvie, a local information publishing platform, is launching a tool called Offer Optimizer, which allows homeowners to compare offers for their properties from so-called iBuyers.

Offer Optimizer compares offers from Offerpad, Opendoor, Redfin Now and Zillow Offers, which are known as iBuyers, or instant home buyers, because they provide instant all-cash offers for homes based on proprietary valuation models.

Companies operating as iBuyers acquire homes in all-cash transactions that close quickly, and they often perform minor repairs and renovations on homes before reselling them.

“Zavvie puts instant offers on overdrive with Offer Optimizer, ensuring that sellers squeeze every last dollar out of their home sale,” Hornung, chief executive officer of zavvie, said in a prepared statement.

Hornung also is the founder and CEO of 8z Real Estate, a Denver-area brokerage firm that developed zavvie and spun it off as a separate company.

Local brokerages increasingly are embracing national iBuyers by offering their services to clients.

Local partners for the launch of Offer Optimizer include 8z Real Estate, Robert Slack in Orlando and Tampa, BRIX Real Estate in Minneapolis-St. Paul, Path and Frost Real Estate in Atlanta, Better Homes and Gardens Real Estate in Dallas-Fort Worth, and Summa Realty in Portland.

Offer Optimizer is available in 21 metropolitan markets including Tucson, Tampa, San Antonio, Sacramento, Riverside, Raleigh-Durham, Portland, Phoenix, Orlando, Nashville, Minneapolis-St. Paul, Los Angeles, Las Vegas, Jacksonville, Houston, Denver, Dallas-Fort Worth, Charlotte, Birmingham, Austin and Atlanta.

Offer Optimizer isn’t the only tool that aggregates iBuyer offers for homes. Last month, agent referral service Homelight started offering a new tool that allows agents to present offers for their clients’ homes from iBuyers. [Inman]Mike Seemuth


Related Articles

arrow_forward_ios
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Aventura Mayor Enid Weisman (Facebook via Weisman, Getty)
Aventura votes to require HOAs to submit critical reports within 48 hours
Aventura votes to require HOAs to submit critical reports within 48 hours
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...