Zillow Offers expanding to Dallas

Everyone’s jumping on the iBuying bandwagon

Dec.December 22, 2018 08:00 AM

Zillow’s Spencer Rascoff and the Dallas skyline

It’s sort of like the “Dallas Buyers Club,” but without Matthew McConaughey.

Zillow has tapped the Texas city as the latest market for its iBuyers line of business, Inman News reported.

Starting sometime next year, Dallas homeowners will be to use the Seattle-based tech giant’s Zillow Offers, which lets prospective sellers get an online quote for an all-cash offer in as few as 48 hours, Zillow announced Wednesday.

That brings Zillow Offers to nine markets across the country. It’s already in Phoenix, Las Vegas, Atlanta, Denver and Charlotte. Zillow plans to expand the service to Raleigh, Houston and Riverside, California, next year.

“In eight short months and in just five markets, Zillow Offers has helped thousands of consumers reduce the stress and uncertainty that typically go along with selling a home,” Zillow Brand President Jeremy Wacksman said in the announcement. “With today’s announcement, we’re poised to deliver this exciting service to sellers to help them sell their home with greater control, ease and on their timeline – in one of the nation’s most dynamic markets.”

Local brokers will act as Zillow’s sell-side agents when the company turns around to flip the homes.

Companies such as the SoftBank-backed Opendoor, Redfin and traditional brokerages like Keller Williams are all jumping in on the iBuying trend at breakneck pace.

Zillow, meanwhile, saw its stock plummet in November following a dismal earnings call. [Inman] – Rich Bockmann

Related Articles

Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over

Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over

Placeholder image

Zillow to pay $50M for StreetEasy

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock)

NYC is the 8th most affordable big city in America*