Launched last year, Zillow Offers lets people sell their home directly to Zillow, avoiding the hassle and uncertainty that often comes with a traditional home sale. With Zillow Offers, sellers don't need to worry about prepping their home for sale or hosting open houses, and sellers have the flexibility to choose their close date within just a few days, or up to 90 days after accepting their offer. Agents from local brokerages represent Zillow in the transaction.
Demand for Zillow Offers continues to grow. More than 170,000 homeowners have requested an offer from Zillow to buy their home since the program launched last April; 70,000 of those requests were in the second quarter of 2019.
"It's been incredible to watch demand for Zillow Offers continue to exceed our expectations," said Zillow Brand President Jeremy Wacksman. "Homeowners in these four additional cities will soon have another option when it comes to selling their home -- with a cash offer from Zillow, they can sell with more control and certainty, on their timeline. It's all part of the seamless, tech-enabled experience that we're building for home buyers and sellers across the country."
Zillow Offers is currently available in 15 markets across the country and, with the addition of the four markets announced, has plans to enter 26 by the middle of next year.
The service first launched in Phoenix in April 2018 and is also available for home sellers in Las Vegas, Atlanta, Denver, Charlotte and Raleigh, NC, Houston, Riverside, Calif., Dallas, Minneapolis, Orlando, Fla., Portland, Ore., Colorado Springs and Fort Collins, Colo., and Nashville, Tenn. In addition to the new markets announced today, Zillow previously announced plans to launch in Austin, Texas, Los Angeles, Miami, Sacramento, Calif., San Antonio, San Diego and Tampa, Fla.
Homeowners using Zillow Offers to sell their home can apply to get pre-approved for a mortgage through Zillow Home Loans, giving them the certainty to be able to sell their existing home and shop for a new home simultaneously.
In each Zillow Offers market, Zillow is represented by local real estate agents and brokers during every transaction. Zillow pays a commission to local agents when it buys and sells each home.
The Zillow Offers program also provides local brokerages and agent partners the opportunity to acquire new for-sale listings by connecting them with motivated sellers who have taken a direct action to sell their home. Sellers who request a Zillow Offer, but decide to instead sell their house traditionally with an agent or do not receive a Zillow Offer, may be connected with a local brokerage or Zillow Premier Agent to support their needs.
SOURCE Zillow Group
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