SEATTLE, July 7, 2020 /PRNewswire/ -- Zillow Group,
Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people
buy, sell and finance homes, today resumed buying homes in five
more markets, and is now buying homes again in 201 of
the 24 markets where Zillow Offers has launched.
Home sellers in Los Angeles,
Riverside, Calif., Minneapolis, Cincinnati and Orlando can once again sell their homes
directly to Zillow with a safe, convenient transaction and on their
own timeline. Zillow paused buying homes through Zillow Offers on
March 23 in response to housing
market uncertainty and public health concerns related to
COVID-19.
"Home sellers want a more convenient, seamless and safe way to
sell their home, and we're excited to bring Zillow Offers back to
more sellers around the country," said Zillow President
Jeremy Wacksman. "The rapid adoption
of technology and virtual tools is creating a new and safer
landscape for the entire real estate experience. With Zillow
Offers, a homeowner can sell their house without any of the
traditional hassles of open houses, home showings or prepping a
house for sale, and can have more certainty and control than ever
before - all on their own timeline. "
Zillow data shows the resiliency of the housing market as buyer
and seller activity is growing again after April declines related
to the pandemic. New pending sales and new for-sale listings are
higher than they were a month ago, and web traffic to for-sale
listings is up 41% from the previous year2. Homes are
selling at their fastest pace since June 20183.
As part of Zillow's resumption of homebuying, the company is
following the principles from its Move Forward. Stay Safe.
initiative, designed to protect Zillow's employees, customers and
partners. Zillow partnered with former U.S. General Surgeon Dr.
Regina Benjamin last month and she
is advising the company on its health and safety protocols.
Virtual options give buyers interested in a Zillow-owned home a
safer way to explore a home through the Zillow app or website if
they opt not to visit in person. All Zillow-owned homes have 3D
Home tours and floor plans with room dimensions on the listing.
Shoppers can also request a live virtual tour with a local real
estate agent. If a buyer wants to see a home in person, Zillow's
self touring feature allows them to visit most Zillow-owned homes
between 6 a.m. and 8 p.m. and use the
Zillow app to identify themselves, unlock the door and tour the
home. All Zillow-owned homes follow a "Clean. Protect. Distance."
protocol to create a safer environment for home shoppers and agents
during in-person tours.
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), the largest
portfolio of real estate brands on mobile and the web, is building
a safe, on-demand real estate experience. Whether selling, buying,
renting or financing, customers can turn to Zillow's businesses to
find and get into their next home with speed, certainty and
ease.
In addition to Zillow's for-sale and rental listings, Zillow
Offers buys and sells homes directly in dozens of markets across
the country, allowing sellers control over their timeline.
Zillow Closing Services offers customers Zillow-branded title and
escrow services to support a more seamless transaction experience.
Zillow Home Loans, our affiliate lender, provides our customers
with an easy option to get pre-approved and secure financing for
their next home purchase.
Millions of people visit Zillow Group sites every month to start
their home search, and now they can rely on Zillow to help them
finish it — with the same confidence, ease and empowerment they've
come to expect from real estate's most trusted brand.
Zillow, Zillow Offers, and Zillow Closing Services are
registered trademarks of Zillow, Inc. Zillow Home Loans, LLC is an
Equal Housing Lender; NMLS 10287, www.nmlsconsumeraccess.org.
The company is headquartered in Seattle.
(ZFIN)
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1 Zillow Offers is currently
available for sellers in Atlanta, Austin, Texas, Charlotte, N.C.,
Cincinnati, Colorado Springs, Colo., Dallas, Denver, Fort Collins,
Colo., Los Angeles, Minneapolis, Nashville, Tenn., Orlando, Fla.,
Phoenix, Portland, Ore., Raleigh, N.C., Riverside, Calif.,
Sacramento, Calif., San Antonio, San Diego and Tucson,
Ariz.
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2 https://www.zillow.com/research/zillow-weekly-market-report-27151/
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3 https://www.zillow.com/research/active-to-pending-fastest-pace-27382/
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SOURCE Zillow