SEATTLE, Sept. 23, 2020 /PRNewswire/
-- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG),
which is transforming the way people buy, sell, rent and finance
homes, today announced plans to bring Zillow Offers customers a
more simple, integrated transaction experience through added
services, managed in house.
Starting in January 2021,
customers in Atlanta, Phoenix and Tucson who sell homes through Zillow Offers
will work directly with trusted, licensed employees of Zillow
Homes, a licensed brokerage entity. Zillow-owned homes in these
markets will be listed for sale by licensed Zillow Homes employees.
The company expects to expand these services to additional Zillow
Offers markets later in 2021.
Zillow Homes is the company's latest service to simplify and
streamline Zillow Offers transactions to deliver a more integrated
experience to customers. Zillow Offers customers can already use
Zillow-affiliated mortgage, title and escrow services through
Zillow Home Loans and Zillow Closing Services. Delivering all
Zillow Offers-related transaction services through a single,
coordinated platform is designed to help customers save time and
reduce friction and uncertainty.
"We're excited to add another important link in the Zillow
Offers transaction chain to offer our customers greater choice and
convenience when considering a move," said Jeremy Wacksman, president of Zillow. "At
Zillow, our mission is to give people the power to unlock life's
next chapter and we want to help them on their journey home through
a range of services that meet their preferences -- whether through
Zillow Offers or through a trusted Zillow Premier Agent
partner."
Zillow Offers, which launched in 2018, is available in 25
markets, allowing customers to request an instant offer and sell
directly to Zillow. By selling through Zillow Offers, customers are
able to eliminate the time and resources required to prepare for
and list a home, including skipping open houses and showings and
minimizing in-person interaction. The service also provides
certainty about price and the convenience of selecting a closing
date.
As part of streamlining its operations and services, Zillow is
also simplifying the way it collects listing data, moving from
thousands of disparate data feeds to MLS Internet Data Exchange
(IDX) feeds, which are offered directly through MLSs to their
members. These direct listing feeds will help Zillow's goal of
offering its 200 million unique monthly visitors the most
up-to-date and comprehensive listing information possible.
These additional services are expected to expand opportunities
for buyers, sellers and agents. Zillow Homes will be the brokerage
of record for Zillow Offers transactions. All Zillow-owned homes
will be listed in MLSs, with commissions paid to agents
representing buyers. The company will also continue to invest in
and expand its Premier Agent business and partnerships, including
connecting other interested buyers and sellers to Zillow Premier
Agents, which is expected to be the preference of the majority of
Zillow's customers.
"We look forward to working more closely with our agent,
industry and MLS partners to efficiently serve our mutual
customers," added Wacksman. "Together, we will push to keep the
real estate industry moving forward, and adapt to changing consumer
preferences and virtual technologies."
About Zillow
Zillow, the most visited real estate website in the U.S., is
building an on-demand real estate experience. Whether selling,
buying, renting or financing, customers can turn to Zillow's
businesses to find and get into their next home with speed,
certainty and ease.
In addition to for-sale and rental listings, Zillow Offers buys
and sells homes directly in dozens of markets across the country,
allowing sellers control over their timeline. Zillow Home Loans,
our affiliate lender, provides our customers with an easy option to
get pre-approved and secure financing for their next home
purchase.
Millions of people visit Zillow Group sites every month to start
their home search, and now they can rely on Zillow to help them
finish it — with the same confidence, ease and empowerment they've
come to expect from real estate's most trusted brand.
Zillow is owned and operated by Zillow Group, Inc. (NASDAQ:Z and
ZG).
(ZFIN)
View original
content:http://www.prnewswire.com/news-releases/zillow-offers-will-expand-services-in-2021-to-simplify-customer-transactions-301136296.html
SOURCE Zillow