This Week in Miami Real Estate: iBuyer expansion, office deals and more

by Andrew Morrell

Zillow’s iBuyer program that offers cash for homes listed on its website will expand into five more markets, including Miami, this year.

Zillow Offers is the company’s recently rolled-out online platform that can quickly provide a cash offer to homeowners who choose to list their homes through the service. Zillow’s cash offer is valid for a certain period of time, but the owner is under no obligation to accept. If he or she does accept, Zillow then purchases the home and handles the sales process. Other major real estate firms, including brokerage brands operated by Realogy and NRT, have recently unveiled similar iBuyer platforms on a limited scope. Zillow Offers is currently available only in Phoenix, Las Vegas, Atlanta, Denver and Charlotte, South Carolina. Miami will join Dallas, Raleigh, Houston and Riverside as the latest cities to join the program in 2019.

In other local real estate news:

  • RE/MAX Advance Realty and RE/MAX Dynamic of Tampa will host a seminar about becoming a “Top Producer Mastermind” in Miami Jan. 25 at the Killian Palms Country Club. Anthony Askowitz, managing broker of RE/MAX Advance, will join RE/MAX Dynamic CEO Andrew Duncan and real estate trainer Orlando Montiel at the free seminar. Agents, brokers and other real estate professionals are welcome to register for the event and happy hour following the discussion.
  • WeWork signed a major lease for OKO Group’s 830 Brickell tower, which is slated for delivery in 2021. The Real Deal reported the fast-growing coworking company signed a lease for 10 floors in what recent plans say will be a 712-foot mixed-use tower. WeWork claims the lease may be the company’s largest coworking space in Florida once completed, at 140,000 square feet total. Having recently rebranded as The We Company, WeWork is among the nation’s fastest-growing startups, although it has come under scrutiny for some accounting practices in advance of a planned IPO. 
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