Zillow is expanding services for its iBuyer scheme, Zillow Offers, this time with another partnership. The New Home Company has announced that partnering with Zillow Offers will simplify the buying and selling process for homeowners throughout California and Arizona. Through this process, homeowners can sell their homes through Zillow Offers while simultaneously buying their new home through New Home within eight months.
Lucy Wohltman, Vice President of New Construction at Zillow, said:
“Not only are buyers trying to prepare for open houses and align timelines, but they can also be struggling with the daunting reality of owning two homes at once. At its core, Zillow Offers was designed to alleviate these pain points by giving homeowners a quick and efficient way to sell their home in time to purchase their next. By partnering with The New Home Company through Zillow Offers, we're excited to bring this ease and flexibility to a greater share of home shoppers in the western U.S.”
New Home CMO, Joan Webb, said that Zillow Offers is the perfect addition to its own offers for its agents to utilize.
“A concrete offer from Zillow will take away many of the surprises that can arise during the purchase process. This will ultimately help us increase home sales, eliminate contingencies, and lower the risk of canceled transactions.”
Furthermore, though Zillow was worried about its iBuyer service at the beginning of the pandemic, the company has shown that it is more than resilient in the face of market crisis. The real estate giant has also announced that its mobile app has seen a huge spike in traffic- hitting 2.17 million daily active users, making it the leader in mobile app traffic within the US real estate industry.