Zillow Offers Now Available In Denver Housing Market
How is Zillow's new program to purchase homes directly from Denver home owners going to impact the market and how will it impact the real estate business. With similiar programs already running in the Phoenix market with Offerpad and OpenDoor, home sellers seem to have taken a liking to these types of services. But why would you want to take less than what the open market can provide if it's listed with a local real estate professional. For many sellers it the convenience of not having to go through the selling process and picking their closing date. With the Denver Housing Market still being fairly brisk, and at lower price points where their is more demand due to the affordability factor, listing with a company like The Cascade Team Real Estate for a 4% total commission would seem like a better alternative. While there may be extenuating circumstances, home sellers may want to investigate all their options before making a decision.
To Learn More about our 4% Total Commission Program, Contact Doug Young at 720.600.2182 or email email@example.com
Zillow Group is expanding its Zillow Offers home buying and selling program to Denver
Check out the article below posted on Geekwire.com by BY NAT LEVY on August 1, 2018
The program, which allows homeowners to request an offer directly from Zillow, debuted in its first market of Phoenix in April. While the first few Zillow Offers markets have median home prices somewhere in the $200,000s, Denver is a much costlier city with a median home value of $414,700, according to Zillow. Denver has started to show up on lists of the most un-affordable housing markets in the country, though it is still a long way from the troubles in San Francisco and New York. When the program formerly known as Instant Offers kicks off this fall in Denver, some homes will have a big button on Zillow that says “get an offer.” The seller fills out a short questionnaire and sends in a couple photos. About 48 hours later, Zillow comes back with an offer and an agent to work with. The seller and Zillow set up a call to walk through the offer and schedule an inspection. Then Zillow sends a revised offer after seeing the house. If both sides are happy with the situation, the seller signs forms digitally and picks a closing date. Zillow takes care of the rest. Contractors working for Zillow undertake small renovations to prepare the home for sale. Zillow works with local agents — in Denver, the partners will be 8z Real Estate, Berkshire Hathaway HomeServices Innovative Real Estate and RE/MAX Alliance — to list and sell the homes.
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Posted by Doug Young