Miami, Minneapolis-St. Paul, Nashville, Orlando and Portland will join nine other U.S. cities where sellers can request a cash offer from Zillow for their home.
In 2019, home sellers in Miami, Minneapolis-Saint Paul, Nashville, Orlando and Portland will be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow will be launching Zillow Offers in each of these five markets throughout the year and expects all five to be active by the fall.
Zillow Offers is a service for consumers to remove the hassle and uncertainty of selling a house. With Zillow Offers, Zillow directly buys a seller's house, prepares it for showings, and then quickly lists it for sale – so they don't have to, and all on the consumer's timeline. Agents from local brokerages will represent Zillow in the transaction.
Zillow Offers first launched in Phoenix last year, and is also available for sellers in Las Vegas, Atlanta, Denver, Charlotte, and Raleigh. In addition to the five markets announced today, Zillow has already announced plans to launch in Houston, Riverside and Dallas in 2019.
"Since launching Zillow Offers just nine short months ago, we have been continually excited by the strong demand from homeowners throughout the country and are constantly getting asked when Zillow Offers will come to their market," said Zillow Brand President Jeremy Wacksman.
"It's clear people want a convenient, stress-free way to sell their home, and real estate professionals are eager to work with us to leverage Zillow Offers as a way to build their local businesses. With today's announcement, we are excited to continue to rapidly scale Zillow Offers throughout the country and we are well on our way to delivering a simple, on demand real estate experience to consumers in at least 14 markets this year."
Timing the sale of a home with the purchase of a new one is a top concern for sellers, according to Zillow's latest research, which found 61 percent of sellers are also buying, adding stress and financial complexity to an already cumbersome process. With Zillow Offers, potential home sellers can request a no-obligation offer and within a few business days receive a cash offer from Zillow to buy their home–an opportunity for sellers to take control of the home-selling process and work on their own timeline.
In every market where it is available, Zillow is represented by local real estate agents and brokers during every transaction. Zillow pays a commission to local agents when it buys and sells each home.
The Zillow Offers program also gives local 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. Consumers who request a Zillow Offer, but instead decide to sell their home traditionally with an agent or do not receive a Zillow Offer, will be connected to a local brokerage or Premier Agent.