Dallas Home Buyers
Dallas Home Buyers
Jun 9, 2022
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Zillow Offers Loses $881 Million In House Investing Yes, even major corporations can make bad decisions that lead to massive losses. Zillow Offers, a now defunct division of Zillow, managed to lose that amount of money in about 3.5 years. Early in their history they touted the artificial intelligence and algorithms of their business. But they forgot some key principals along the way such as paying home sellers too much for a home purchase. And then they underestimated the difficulty of finding reliable contractors in multiple markets. And then Dallas home buyers were not interested in buying renovated houses that were over-priced. House buyers don't really care how much it cost the real estate investor to repair and renovate the house. They do care about paying above market prices for a home purchase. Do you want a fair offer to sell your house? Call us today at 214-615-1255.
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