PORTLAND, Ore., July 15, 2019 /PRNewswire/ -- Starting
today, home sellers in the Portland,
Oregon metro -- including Vancouver, Wash. -- can use Zillow Offers to
request a cash offer from Zillow to buy their home.
Portland is the twelfth market
where Zillow now directly buys homes - giving homeowners a new way
to sell their homes that is convenient, transparent and gives them
more control over the entire real estate transaction.
"Sellers across the country have shown that they are looking for
an easier, less stressful way to sell their home," said Zillow
Brand President Jeremy Wacksman.
"We're excited to launch our first market in the Pacific Northwest
today, giving potential home sellers in Portland and Vancouver the certainty and transparency they
want when selling their home. Zillow Offers provides a seamless
transaction experience, helping sellers move on to the next step in
their life."
Selling a home is one of the most stressful experiences in
modern life, second only to a relationship
break-up1. Decluttering and readying their
home for tours and open houses are often the most frustrating tasks
for sellers, according to Zillow research. In fact, according to a
recent Zillow survey, more than a third of home sellers said the
process left them in tears, with millennials and parents far more
likely to cry at some point during the sale process.
Zillow Offers is transforming the way people sell their homes
across the country. With Zillow Offers, sellers don't need to worry
about prepping their home for sale or hosting open houses --
avoiding much of the hassle and time and energy associated with a
traditional sale.
Designed to accommodate all types of sellers, Zillow Offers can
work for anyone, whether they need to close quickly for a job move
across the country or they want to close on a longer timeline to
search for their dream home. Zillow Offers gives sellers the
flexibility to choose their close date within just a few days or up
to 90 days after accepting their offer.
Additionally, consumers using Zillow Offers - whether they are
selling to or buying from Zillow - can experience an even simpler
real estate transaction if they decide to get financing from
Zillow's affiliate lender, Zillow Home Loans to purchase
their next home. Homeowners using Zillow Offers to sell their home
can apply to 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.
Buyers who purchase a Zillow-owned home have the confidence of
moving into a home that's been professionally renovated, refreshed
and is move-in ready.
Zillow Offers first launched in Phoenix last April and is currently available
for home sellers in Las Vegas,
Atlanta, Denver, Charlotte, Raleigh, Houston, Riverside, Dallas, Minneapolis and Orlando. Zillow also has plans to launch in
Austin, Los Angeles, Miami, Nashville, Sacramento, San
Antonio, San Diego and
Tampa, by the end of the first
quarter of 2020, bringing the total number of planned Zillow Offers
markets to at least 20.
In each market where Zillow Offers is currently 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 a home, and agents remain at the center of every Zillow
Offers transaction. A local Portland broker will represent Zillow in each
transaction.
The Zillow Offers program also provides 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, may be connected with a local
brokerage or Zillow Premier Agent to support their needs.
As of May, more than 100,000 homeowners across the country have
requested a no-obligation cash offer from Zillow to buy their home
- equal to a request for an offer every two minutes.
About Zillow
Zillow® is transforming how people buy, sell, rent and finance
homes by creating seamless real estate transactions for today's
on-demand consumer. Zillow is the leading real estate and rental
marketplace because it is a trusted source for data, inspiration
and knowledge among both consumers and real estate
professionals.
Zillow's proprietary data, technology and industry partnerships
put Zillow at nearly every major point of the home shopping
experience, helping consumers search for and get into their new
home faster. 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 eligible homes directly through Zillow; and Zillow Home Loans,
Zillow's affiliated lender that provides an easy way to receive
mortgage pre-approvals and financing. Zillow Premier Agent
instantly connects buyers and sellers with its network of real
estate professionals to help guide them through home shopping
process. For renters, Zillow's innovations are streamlining the way
people search, tour, apply and pay rent for leased properties.
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, Inc. (NASDAQ:Z and ZG) and headquartered
in Seattle.
Zillow and Zillow Offers are registered trademarks of Zillow,
Inc.
1 According to a recent Zillow
Survey.
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SOURCE Zillow