Zavvie, a local information publishing platform that offers free help to those looking to sell their homes, has developed a new tool for the real estate industry, Offer Optimizer, which will allow homeowners to compare offers for their properties from iBuyers like Zillow and Opendoor.
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, CEO 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.
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