From the Desk of Dan Amdur, CEO, Moving Station/QuickBuy®
Dear Partners,
As some of you may have read, on August 1st, 2022, the Federal Trade Commission (FTC) fined Opendoor $62,000,000 “…for cheating potential home sellers by tricking them into thinking that they could make more money selling their home to Opendoor than on the open market using the traditional sales process. The FTC alleged that Opendoor pitched potential sellers using misleading and deceptive information, and in reality, most people who sold to Opendoor made thousands of dollars less than they would have made selling their homes using the traditional process.” (Source: Federal Trade Commission)
Read about the case through the links below!
Sadly, in attempts to disrupt the residential real estate market, Opendoor was not the only company making deceptive claims to the consumer. Since this fine, I have noticed most have swiftly changed their practices.
As partners to QuickBuy®, together we have been battling these practices for years and I am proud to have kept our standards high by illustrating complete transparency on our QuickBuy offers. QuickBuy is designed to highlight the agent’s expertise and enable different home sale solutions for the customers’ needs. In every QuickBuy offer we clearly illustrate what we believe is the most probable sale price and provide 3 comparable sales helping the agent understand how our price was determined. From there we illustrate reasonably estimated cost to communicate the anticipated “cost of convenience” for accepting the QuickBuy Offer. Full transparency, so the consumer can make an informed decision.
Today’s consumer truly values convenience and simplicity and at times is willing to pay extra for it. It is through knowledge, truth, trust, and integrity that the partnership between the agent and QuickBuy will excel. Together we provide a “Home Sale Solution for Every Situation” and bring true value to our deserving customer base.
Through both our message and up-front pricing, I am proud we stood up to/ against deceptive practices and I am excited about where our partnership can/will go on an even playing field.
“The expertise of an agent plus the convenience of immediate solutions”. Onward and upward.
Thank you,
Dan Amdur