The FINANCIAL -- Home sellers in Charlotte and Raleigh, N.C., will soon be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home.
The addition of these two markets this winter will bring Zillow Offers to a total of six markets nationwide. Zillow Offers is a service for consumers to remove the hassle and uncertainty of selling a house. Zillow directly buys a seller's house, prepares it for showings, and quickly lists it for sale – so they don't have to. The program launched in Phoenix in April, and also is available in Las Vegas and Atlanta, with Denver opening later this month.
Timing the sale of a home with the purchase of a new one is a top concern for sellersi. According to Zillow's latest research, 61 percent of sellers are buying at the same time, adding stress and financial complexity to the process. With Zillow Offers, potential home sellers can request an offer and within a few business days receive a cash offer from Zillow – an opportunity for sellers to work on their own timeline.
In every market where Zillow Offers is available, Zillow works with local agents and brokers during every transaction. Zillow pays a commission to local real estate agents when it buys and sells each home. The program also gives 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 decide to instead sell their house traditionally with an agent or do not receive a Zillow Offer, will be connected with a local brokerage or Premier Agent. The partner brokers and Premier Agents participating in Charlotte and Raleigh will be announced when Zillow Offers launches in each respective market this winter.