Key Highlights
- Customers selling their homes via Zillow Offers to receive extended closing timeline up to eight months when buying home from R. Horton
- No more having to juggle closing timelines on existing home sales to accommodate new construction completion timelines
Zillow just announced its new partnership with homebuilder D.C. Horton. Horton’s new buyers can now sell their existing home directly to Zillow via its iBuying ZillowOffers program in a coordinated fashion.
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Arik Prawer, president of the Zillow Homes Division, believes that Horton customers who are selling their homes with Zillow Offers will have more flexibility, convenience and alignment on both sides of the transaction. These customers will be able to coordinate and modify closing dates for both the existing home sale and the newly built home. “Joint” customers may also be eligible to receive cash credits at the closing plus free local moving services.
Working with Zillow Offers on the existing home sale side of the deal, sellers don’t have to worry about prepping, cleaning, staging and open showings/tourings. On the Horton side of the deal, buyers can modify the closing date of the new home sale for up to eight months as to move out of the existing house into the new house once.
As with all Zillow Offers protocol, sellers of existing homes initiate the process by answering relatively few questions about their home, upload photos of the home and then receive an offer on the home within roughly 48 hours. All D.R. Horton home listings will be marketed on ZillowOffers.
Donald R. Horton, chairman of D.R. Horton, said, “We are excited to partner with Zillow to bring more convenience and flexibility to the home-buying experience. This is a great opportunity to provide our customers with new options to streamline the process of selling their existing home, and help them move into their new D.R. Horton home more efficiently.”
Prawer of Zillow said, “Buying a new home is an exciting time, and we’re proud to collaborate with the nation’s largest home builder to help people unlock life’s next chapter.”
Thanks to HousingWire.
Also read: Zillow’s Crystal Ball Gazing into 2020, Elliman Challenges StreetEasy’s (Zillow’s) Latest Move to Manual Listings Entry, Redfin and Zillow Group Earnings Reports – Q3 2019
