SEATTLE,
Oct. 22, 2018 /PRNewswire/
-- Starting today, home sellers in Denver can use Zillow Offers to request a cash
offer from Zillow to buy their home.
Zillow Offers reduces the stress and uncertainty that
typically goes along with selling a home. Starting today, potential
home sellers in the Denver area
will be able to request a free, no-obligation cash offer from
Zillow to purchase their home. If the seller accepts the offer,
they will choose their closing date and then Zillow will conduct a
free home evaluation to finalize the offer.
Denver is the fourth
market where Zillow now directly buys homes, prepares them for
showings and quickly lists them for resale. Zillow Offers is
currently available in Phoenix,
Las Vegas and Atlanta, and will launch in two North Carolina markets – Charlotte and Raleigh – this winter.
Zillow Offers is designed to give consumers more control
and certainty in the home-selling process and allows sellers the
opportunity to sell their house on their own timeline. Timing the
sale of a home with the purchase of a new one is a top concern for
sellersi, and according to Zillow's latest research, 61
percent of sellers are buying a new home at the same time, which
adds significant stress and financial complexity to the
process.
With Zillow Offers, consumers will be able to sell their
home without having to prep for showings and host open houses,
avoiding the extra work and time associated with a traditional
sale.
"We are so excited to bring Zillow Offers to Denver-area homeowners and empower them with
more control in one of the largest financial transactions of their
life," said Zillow Brand President Jeremy
Wacksman. "The Denver
housing market is changing quickly, and many homeowners are trying
to time the sale of their home with the purchase of a new one.
Rising inventory can make the timing of a sale more uncertain,
making Zillow Offers even more desirable. Zillow Offers aims to
alleviate some of that stress, giving sellers the ability to
customize their selling experience, and we can't wait to get
started today in Denver."
In every market where Zillow Offers is available, Zillow
works with local agents and brokers in each transaction. Zillow
pays a commission to local real estate agents when it buys and
sells each home, and agents remain at the center of every
transaction Zillow is a part of. In the Denver market, Atlas Real Estate Group will be
representing Zillow in all its transactions.
"At Atlas, we have always been forward thinking;
constantly evaluating opportunities, market trends and exploring
new ways real estate can serve as a long-term investment vehicle,"
said Jason Shepherd, co-founder of
Atlas Real Estate Group. "We are excited to use our entrepreneurial
mindset in our partnership with Zillow Offers to help improve the
consumer experience of buying and selling a home. Zillow Offers is
a unique and needed service for home sellers in Denver and will solve a huge problem that
exists in the market right now - homeowners want convenience and
certainty when selling their home. We are always looking to add
value at Atlas, and this not only adds value to our clients and
consumers, but to the entire real estate industry, and that's a fun
and exciting thing to be a part of."
The Zillow Offers program also gives brokerages and
Premier Agents the opportunity to acquire new listings by
connecting them with motivated sellers who have taken a direct
action to sell their home. The three brokerages partnering with
Zillow for the Denver launch are
8z Real Estate, Berkshire Hathaway HomeServices Innovative Real
Estate and RE/MAX Alliance. Consumers who request a Zillow Offer,
but decide to instead sell their house traditionally with an agent
or do not receive a Zillow Offer, will be connected with a local
brokerage or Premier Agent.
Additionally, Zillow has hired Sue
Dolquist as Denver's
General Manager to run day-to-day operations for Zillow Offers.
Dolquist started in the Denver
market in 2005 as a broker for Prudential Colorado Real Estate,
then served as Chief Operating Officer at ERA Herman Group with
over 1,000 agents, and at Asset Management Real Estate serving 16
states. Most recently, Dolquist was Director of Brokerage
Operations and Managing Broker for Colorado for Investability Real Estate,
Inc.
"I am thrilled to be launching Zillow Offers in
Denver today, to provide a
convenient service to home sellers that gives them a close date of
their choosing and a guaranteed cash offer," said Dolquist. "Having
worked in the industry for so many years, I understand how
stressful selling a home can be, with showings, repairs and
undefined dates. As a long-time Denver broker, I appreciate that at Zillow we
are using local real estate brokers for all our transactions.
The combination of the technology and reach of Zillow, with the
local expertise and knowledge of Denver brokers, makes Zillow Offers a win for
Denver consumers."
Zillow
Zillow® is the leading real
estate and rental marketplace dedicated to empowering consumers
with data, inspiration and knowledge around the place they call
home, and connecting them with great real estate professionals.
Zillow serves the full lifecycle of owning and living in a home:
buying, selling, renting, financing, remodeling and more. Zillow
Offers provides homeowners in some metropolitan areas with the
opportunity to receive offers to purchase their home from Zillow.
When Zillow buys a home, it will make necessary updates and list
the home for resale on the open market.
In addition to Zillow.com, Zillow operates the most
popular suite of mobile real estate apps, with more than two dozen
apps across all major platforms. Launched in 2006,
Zillow is owned and operated by Zillow Group (NASDAQ:Z and ZG) and
headquartered in Seattle.
Zillow is a registered trademark of Zillow, Inc. Zillow
Offers is a trademark of Zillow, Inc.
[i] According to the 2018 Zillow Group
Consumer Housing Trends Report.
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SOURCE Zillow