Home-value estimator Zillow expands service that puts money where its mouth is

The company this year will start making cash offers to buy homes in 8 more cities, including Miami, Nashville, Orlando and Portland

National /
Jan.January 27, 2019 02:00 PM

(Credit: Zillow, Pixabay)

Within a year, home owners in Miami and seven other U.S. cities will be able to request no-obligation cash offers for their homes from real estate database company Zillow.

Seattle-based Zillow Group will introduce its Zillow Offers service in Miami, Minneapolis-Saint Paul, Nashville, Orlando and Portland by the fall.

This year, Zillow also plans to introduce the service in Dallas, Houston and Riverside County in California.

Zillow Offers allows a home owner to sell his or her home directly to Zillow, which then prepares the property for showings and lists it for sale. Zillow pays a commission to local real estate agents when it buys and sells each home.

The Zillow Offers service helps home owners to synchronize the sale of a home and the purchase of a new one. Research by Zillow shows that 61 percent of home sellers also are buying.

The company launched Zillow Offers last year in Phoenix, then introduced the service in Atlanta, Charlotte, Denver, Las Vegas and Raleigh. – Mike Seemuth

 

Related Articles

arrow_forward_ios
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Michael Stern and a rendering of the project (Getty, JDS Development/SHoP Archictects)

Michael Stern pays $24M for future site of 62-story Brickell tower

Michael Stern pays $24M for future site of 62-story Brickell tower
1396 Northwest 36th Street with Integra's Paulo Tavares de Melo and EHDOC's Melanie Ribeiro (Photos via Getty; LinkedIn)

Integra, partner move forward with $58M senior housing project in Allapattah

Integra, partner move forward with $58M senior housing project in Allapattah
Angel Febres, partner, Homecookin’ Hospitality and Metro 1 Managing Director Andres Nava

Wynwood nightclub building hits the market

Wynwood nightclub building hits the market
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)

Lender closes on RedSky and JZ’s Wynwood assemblage

Lender closes on RedSky and JZ’s Wynwood assemblage
Kelly Beam, Ricky Trinidad , and 3265 Bird Avenue (Credit: Google Maps)

Miami developer Metronomic files for bankruptcy

Miami developer Metronomic files for bankruptcy
John Bardis, Carlos Lopez-Cantera, and the office (Credit: Google Maps)

Medical co-working space operator buys Miami medical campus

Medical co-working space operator buys Miami medical campus
MCM President Jorge Munilla and a photo of the bridge collapse (Linkedin, Getty)

Builder involved in deadly FIU bridge collapse sues for $15M, alleges design firm botched review

Builder involved in deadly FIU bridge collapse sues for $15M, alleges design firm botched review
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...