Can iBuyers Win in a Hot Real Estate Market?


The real estate market in the United States is very hot right now, and it might seem like that would be a bad thing for iBuyers like Offerpad and its peers. After all, one of the biggest advantages of selling your home directly to a company is that you can control the timeline and get an all-cash offer — things you can likely do right now on the open market.

Despite the less-than-ideal conditions for its business, Offerpad, which is set to go public through a SPAC merger with Supernova Partners Acquisition (NYSE:SPNV), recently reported excellent growth in its second quarter. In this Fool Live video clip, recorded on Aug. 23, Offerpad CEO Brian Bair sits down with contributor Matt Frankel, CFP, to discuss how iBuying can thrive in any real estate market — including this one. 

Matt Frankel: I want to ask you one concern that I have. As a…

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