Valuations, such as that ascribed to Opendoor by SoftBank, are based on the assumption that iBuying operations advance the technology and antiquated nature of the real estate sales process. What if the same flawed thinking that saw WeWork valued at multiples far higher is at play here?
Source: Inman News
Will SoftBank’s iBuyer investment flounder as agents adapt?
Published in Agent, Brokerage, ibuyer, ibuyers, ibuying, keller williams, offerpad, opendoor, Opinion, Raj Purohit, realogy, Select, softbank, Technology, Zillow and Zillow Offers
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