The New Home Company Partners with Zillow Offers to Simplify Process for Buyers with Homes to Sell
August 14 2020 - 12:26PM
Business Wire
NEW HOME buyers that are simultaneously selling
their existing home can receive a cash offer directly from Zillow
and safely move when they're ready with no showings or repairs to
manage
The New Home Company (NEW HOME) (NYSE: NWHM) today announced a
partnership with Zillow Offers to simplify the process for buyers
with homes to sell at its communities throughout California and
Arizona. The program is geared to NEW HOME buyers that are
simultaneously selling their existing home and can receive a cash
offer directly from Zillow, if their home meets certain criteria,
allowing them to safely move when they’re ready with no showings or
repairs to manage.
Those selling their current home through Zillow Offers while
buying from NEW HOME will also enjoy an extended closing period of
up to eight months, so they don't have to worry about timing the
sale of their existing home with the move-in date of their newly
constructed residence. This will help them avoid moving twice or
carrying two mortgages at the same time.
“Many purchasers of new homes are also trying to sell their
current home at the same time as buying, which is stressful,” said
Lucy Wohltman, Vice President of New Construction at Zillow. “Not
only are these buyers trying to prepare for open houses and align
timelines, they can be struggling with the daunting reality of
owning two homes at once. At its core, Zillow Offers was designed
to alleviate these pain points by giving homeowners a quick and
efficient way to sell their home in time to purchase their next. By
partnering with The New Home Company through Zillow Offers, we're
excited to bring this ease and flexibility to a greater share of
home shoppers in the western U.S.”
For NEW HOME, Zillow Offers is another component of its
dedication to award-winning customer care. The company has been
recognized multiple times for providing the best purchase and
ownership experiences in the country by the national customer
satisfaction “Eliant Awards.”
“Zillow Offers is an added benefit to our talented group of
sales managers in keeping up with demand at many of our
communities,” said Joan Webb, Chief Marketing Officer for NEW HOME.
“A concrete offer from Zillow will take away many of the surprises
that can arise during the purchase process. This will ultimately
help us increase home sales, eliminate contingencies and lower the
risk of cancelled transactions.”
For more information on the Zillow Offers partnership with NEW
HOME, visit www.Zillow.com/NWHM. To view all of the current and
coming soon communities by NEW HOME, visit www.NWHM.com.
About The New Home
Company
NEW HOME is a publicly traded company listed on the New York
Stock Exchange under the symbol “NWHM.” It is a new generation
homebuilder focused on the design, construction and sale of
innovative and consumer-driven homes in major metropolitan areas
within select growth markets in California and Arizona, including
coastal Southern California, the San Francisco Bay area, metro
Sacramento and Phoenix. NEW HOME was named 2019 Builder of the Year
by Professional Builder and is a multi-year recipient of “The
Eliant” for Best Overall Customer Experience in the Eliant
Homebuyers’ Choice Award’s multi-divisional builder segment. NEW
HOME was twice named to the Inc. Magazine Founders 40 list,
recognizing public companies that have maintained a strong
entrepreneurial spirit. For more information, visit NWHM.com.
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 and 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 the 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200814005380/en/
Media Contact: Mike Hoye Paolucci Salling & Martin
Communication Arts | Public Relations (310) 346-0845 (mobile) or
mhoye@PSMCommArts.com
The New Home (NYSE:NWHM)
Historical Stock Chart
From Sep 2024 to Oct 2024
The New Home (NYSE:NWHM)
Historical Stock Chart
From Oct 2023 to Oct 2024