Zillow Now Connecting Cash Offers with Zestimate Valuations

Key Highlights

• Zillow’s Zestimate valuations now being connected with initial cash offers for its eligible homes in +20 cities nationwide
• Zestimate, Zillow’s proprietary home value estimation tool, now celebrating its 15^thanniversary

Zillow Now Standing Behind Zestimate Valuations to Guide Cash Offers on Qualifying Homes

Zillow’s Zestimate, the industry’s first estimated home valuation tool made available to the public at no cost, is now being paired with the company’s Zillow Offers program.  Consumers can now make initial cash offers on qualifying homes via Zillow Offers based Zestimate valuations.

According to Jeremy Wacksman, Zillow’s CEO, “For 15 years, homeowners and home shoppers have come to rely on the Zestimate as an essential first step.  This exciting advancement demonstrates the confidence we have in the Zestimate and the lengths we are willing to go to make selling your home truly seamless and easy….Presenting the Zestimate as a cash offer to qualifying homes up front will save time, reduce friction and provide greater transparency…”

Zillow Offers is Company’s iBuying Service

Customers can sell their homes directly to ZillowOffers, Zillow’s buying arm, without the hassle of preparing a home for sale, listing a home and having to have in-person open houses and showings.  Zillow’s Zestimate valuation tool has been utilized to determine Zillow’s offer to buy that house.  Now, Zestimate can be used by consumers wanting to submit an initial cash offer to buy that house now within the Zillow Offers for-sale inventory.

Wacksman said that coupling up Zillow Offers and Zestimate gets the company “…closer to our vision of helping customers transact with the click of a button.”

Zestimate Published some 100M Homes with Nationwide Median Error of 1.9%

Markets with homes eligible for this service include Phoenix, and Tucson in AZ, Charlotte  and Raleigh in NC, Miami and Jacksonville and Orlando and Tampa FL, Portland OR, Denver and Colorado Springs and Fort Collins CO, Nashville TN, San Diego and Los Angeles and Riverside and Sacramento CA, Dallas and Houston and San Antonio TX, Las Vegas NV and Atlanta MN.

Initial offers equal to the Zestimate valuation do not include taxes and fees and are also subject to eligibility as well as the accuracy of property information.

Thanks to Zillow.

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