Doubling up on its offers, Zillow has just announced that its tried-and-true product, Zestimates, will be paired up with Zillow’s iBuyer service, Zillow Offers, to give its customers the best cash offers in the industry.
Zestimates has been bringing reliable home valuations to Zillow users since 2006. It was one of the first of its kind for free on the market at the time. By pairing it with Zillow Offers, Zillow showcases the reliability of both services, presented in a streamlined, full package for those looking to get cash offers for their home before they sell.
Zillow Chief Operating Officer, Jeremy Wacksman, said:
"For 15 years, homeowners and home shoppers have come to rely on the Zestimate as an essential first step. This exciting advancement demonstrates the confidence we have in the Zestimate and the lengths we are willing to go to make selling your home truly seamless and easy.”
Zestimates has been published for almost 100 million homes since its launch. It has a median error rate for on-market homes of 1.9% and the product has been updated and enhances throughout its lifespan to keep that percentage low.
Currently, the Zestimate-Zillow Offers package is available for a limited subset of homes in markets where Zillow Offers is already available.
"This is a proud moment for Zillow's tech team and speaks to the advancements they've made in machine learning and AI technology. Zillow is transforming the way people sell and buy homes. Presenting the Zestimate as a cash offer to qualifying homes upfront will save time, reduce friction and provide greater transparency - getting us closer to our vision of helping customers transact with the click of a button."