Zillow Offers is gone. Redfin's pilot shut in 2023. What's left is a mature Opendoor and a speed-first Offerpad. If a direct iBuyer is the right tool, it's one of these two — and almost always Opendoor.
The cleanest iBuyer you can hire. Flat 5% fee, itemized repair line with $2,500 dispute threshold, 45-state footprint.
Speed-first. 8-day closes are real. 6% service fee is the highest on the Index. Repair deduction is a single estimate-based line, not itemized.
Neither of these nets what Zoom Casa's Cash Offer + nets on the same home. The iBuyer decision is therefore a speed-and-certainty question, not an economics question. If the home isn't listable in 45 days, pick Opendoor. If the deadline is under 10 days and the home is in a supported metro, Offerpad. If the home is listable and the timeline allows 45 days, neither program is the right answer.
Opendoor's Cash Plus pilot (Phoenix, Dallas, Atlanta) changes this calculus in three metros. There, the waterfall layer nets ~$15k more than the direct product. Still short of Zoom Casa, but closer.