Home sellers in Austin, Texas; Los Angeles; Sacramento, Calif.; San Antonio, Texas; San Diego; and Tampa, Fla., soon will be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow announced plans to launch the product in each of these six markets by the end of the first quarter of 2020, according to a press release.
Launched last year, Zillow Offers is a service that lets people sell their home without hassle and uncertainty. With Zillow Offers, Zillow directly buys a house, prepares it for showings, and then quickly lists it for sale – all on the consumer’s timeline. Agents from local brokerages represent Zillow in the transaction, the release said.
“Zillow Offers launched just over a year ago and we already receive a request for an offer every two minutes, which represents more than $200 million in transaction value per day. More than 100,000 sellers have requested a Zillow Offer since we launched last year, and we’re excited to announce we’ll be serving 20 markets just two years after buying our first home,” Zillow Brand President Jeremy Wacksman said in the release. “It’s clear people want a simpler, easier and less stressful way to buy and sell homes. To meet the needs of today’s on-demand consumers, Zillow is rewiring real estate to create a seamless and integrated transaction experience.
“We’re rapidly innovating on a number of services that span the entire transaction, including Zillow Offers, mortgages through our affiliate lender Zillow Home Loans, and the ability to tour and unlock Zillow-owned homes on any schedule,” Wacksman added.
Zillow Offers is available in Phoenix; Las Vegas; Atlanta; Denver; Charlotte, N.C.; Raleigh, N.C.; Houston; Riverside, Calif.; and Dallas.
“Timing the sale of a home with the purchase of a new one is a top concern for sellers and, according to Zillow’s latest research, 61 percent of sellers are buying a new home at the same time, which adds stress and financial complexity to an already complicated process,” the release said. “Zillow Offers is designed to accommodate all types of sellers, whether they need to close quickly for a job across the country or want to close on a longer timeline to search for their dream home.”