Zillow spreads its home-buying program to Orlando

March 10, 2019
Share this Post: 

US real estate giant, Zillow Group is planning to bring its direct home-buying program to the city of Orlando, Florida, among five other cities. 

The Seattle-based online service plans to roll out its Zillow Offers program by fall, buying houses from sellers in as little as a week and then turning around and selling them for a higher price, the company said.

Orlando joins nine other cities where Zillow has already launched the service along with four other areas getting Zillow Offers this fall: Miami, Minneapolis-Saint Paul, Nashville and Portland.

It joins a handful of other services such as Opendoor, Offerpad and Rex that will either buy houses directly from consumers or circumvent the traditional real estate agent model.

Online home buying services have been controversial among real estate professionals because of worries that they cut out local agents and try to take advantage of rising real estate prices.

Zillow said it does plan to work with local real estate agents on deals, or refer buyers to local agents if the Zillow’s offer isn’t accepted.

"It‘s clear people want a convenient, stress-free way to sell their home, and real estate professionals are eager to work with us to leverage Zillow Offers as a way to build their local businesses,” said Zillow Brand President Jeremy Wacksman. “With today‘s announcement, we are excited to continue to rapidly scale Zillow Offers throughout the country, and we are well on our way to delivering a simple, on-demand real estate experience to consumers in at least 14 markets this year."

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Bkk 2019 Ppw Banner 02062019

March 10, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Scout24 Generic Financial
Scout24 Distributes $69.4 Million in Dividends

Scout24 SE, parent company of German real estate giant ImmoScout24, has agreed to distribute €66.4 million in dividends, or €0.85...

Read More
Rightmove
Rightmove Bans Listings Without Prices

Rightmove is no longer accepting property listings that do not have a specific price. Rightmove made the changes to comply...

Read More
Onthemarket Acquires
OnTheMarket Introduces Flexible Office Listings

OnTheMarket will add around 4,000 listings to its platform after partnering with flexible workspace platform Instant Offices. The deal will...

Read More
Zillow Ship Wreck
Zillow to Layoff 55 Employees in iBuying Business Shutdown

Zillow Group Inc. will lay off 55 employees in Texas as it continues its exit from the home-flipping business. The...

Read More

Popular News