SEATTLE, April 15, 2019 /PRNewswire/ -- Home sellers in
Dallas can now use Zillow
Offers to request a no-obligation cash offer from Zillow to
buy their home. Dallas is the
second Texas market, following
Houston, where Zillow is now
buying and selling homes.
Selling a home is one of the most stressful aspects of
homeownership, and Zillow Offers is designed to give home sellers
more control and certainty. Starting today, potential home sellers
in Dallas will be able to request
a free, no-obligation cash offer from Zillow to buy their home.
Once the seller accepts the offer, they can pick a close date that
works best for them.
"Zillow Offers is helping transform the real estate transaction
by giving consumers more of what they want – a seamless, convenient
way to sell and buy a home, and on a timetable that they control,"
said Zillow Brand President Jeremy
Wacksman. "With such a dynamic and fast growing housing
market, Dallas is a natural place
to expand this service next. Starting today, we are thrilled to
give Dallas-area homeowners a
simple, stress-free, on-demand real estate experience."
Zillow Offers allows home sellers the luxury of selling without
having to prep the home for sale or host open houses, avoiding the
extra cost, hassle and time associated with a traditional sale.
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. 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.
Dallas is the ninth market
where Zillow now directly buys homes, prepares them for showings
and quickly lists them for sale. Zillow Offers launched nearly a
year ago and already receives a request for a cash offer every five
minutes, which translates into an estimated $100 million in demand value every day.
Zillow Offers is available in Phoenix, Las
Vegas, Atlanta,
Denver, Charlotte, Raleigh, Houston and Riverside. Zillow has already announced plans
to be active in Miami,
Minneapolis, Nashville, Orlando and Portland by the fall of 2019.
Buyers who purchase a Zillow-owned home will be able to pick a
move-in date of their choice and have the confidence of moving into
a home that's been professionally repaired, refreshed and move-in
ready.
Additionally, consumers using Zillow Offers - whether they are
selling to or buying from Zillow - can experience an even simpler
and shortened real estate transaction if they decide to get
financing from Zillow's affiliate lender, Zillow Home
Loans. Homeowners using Zillow Offers to sell their home can
quickly and easily get pre-approved for a mortgage through Zillow
Home Loans, giving them the certainty to be able to sell their
existing home and shop for a new home simultaneously.
Home shoppers who want to purchase a Zillow-owned home may use
Zillow Home Loans to seamlessly finance their home purchase, giving
them a convenient way to get into their new home on their
timetable, with less hassle and stress.
In every market where Zillow Offers is available, Zillow works
with local agents and brokers on every 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 Zillow Offers
transaction. A local Dallas broker
will represent Zillow in each transaction.
The Zillow Offers program also gives local brokerages and
Premier Agents the opportunity to acquire new for-sale listings by
connecting them with motivated sellers who have taken a direct
action to sell their home. Sellers 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.
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z)
(NASDAQ: ZG) houses one of the largest portfolios of real estate
brands on mobile and the web that attract more than 160 million
people every month. Zillow Group is committed to leveraging its
proprietary data, technology and innovations to make home buying,
selling, financing and renting a seamless, on-demand experience for
consumers. As its flagship brand, Zillow® now offers a
fully integrated home shopping experience that includes access to
for sale and rental listings, Zillow Offers™, which provides a new,
hassle-free way to buy and sell homes directly through Zillow; and
Zillow Home Loans, Zillow's affiliated lender that provides an easy
way to receive mortgage pre-approvals and financing. Other consumer
brands include Trulia®, StreetEasy®,
HotPads®, Naked Apartments®, RealEstate.com
and Out East®. In addition, Zillow Group provides a
comprehensive suite of marketing software and technology solutions
to help real estate professionals maximize business opportunities
and connect with millions of consumers. Zillow Group business
brands for real estate, rental and mortgage professionals,
including Mortech®, dotloop®, Bridge
Interactive® and New Home Feed®. The company
is headquartered in Seattle,
Washington.
Zillow, Mortech, Bridge Interactive, StreetEasy, HotPads, Out
East and New Home Feed are registered trademarks of Zillow, Inc.
Zillow Offers is a trademark of Zillow, Inc. Trulia is a registered
trademark of Trulia, LLC. dotloop is a registered trademark of
DotLoop, LLC. Naked Apartments is a registered trademark of Naked
Apartments, LLC. Mortgage Lenders of America, LLC is an Equal
Housing Lender; NMLS 10287.
i According to the 2018 Zillow Group Consumer Housing
Trends Report.
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SOURCE Zillow