Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Zillow Offers expands to Nashville

08/05/2019

Download PDF

Zillow Offers, the all-cash, instant offer homebuying service,  is now live in Nashville.

The real estate giant’s expansion into Tennessee marks the 15th market in which Zillow Offers now operates. In an effort to expand into 20 cities by the end of 2020, Zillow has branched out to new cities at a breakneck speed. It launched in Portland, Oregon, in the middle of July and opened two satellite markets to its Denver office two weeks ago.

“In the past year that we’ve been operating Zillow Offers, we’ve heard from home sellers how valuable it is to be able to sell on their own timeline, with transparency and certainty throughout the entire process,” Jeremy Wacksman, Zillow’s brand president, said in a press statement. “Nashville is one of the fastest growing housing markets in the country, and we’re thrilled to bring Zillow Offers to Nashville-area homeowners today and offer them a more simple and stress-free way to sell their home.”

After launching its pilot office in Phoenix in April 2018, Zillow Offers quickly expanded into Las Vegas, Atlanta, Denver, Charlotte and Houston. The model, in which homesellers receive an all-cash offer from Zillow in exchange for a service fee of around 7 percent within 48 hours, is popular among sellers who need to unload fast.

Residents in the South, where people tend to get married and form families at a younger age, have shown strong interest in iBuyer platforms. Atlanta is sometimes referred to as ground zero of the iBuyer turf because startups including Opendoor and Offerpad as well as traditional brokerages all operate in the city. In July, Opendoor and Redfin announced a partnership in Phoenix and Atlanta in what is likely to be an effort to compete with Zillow.

“With innovative companies like Zillow bringing programs like Zillow Offers to Nashville today, we’re seeing Tennessee continue to be a place where business can thrive,” said Tennessee Governor Bill Lee in a media statement on Zillow’s launch in Nashville.

Is real estate coaching broken? What to look for and how to make it work for you READ MORE

In a statement, Zillow said approximately 100,000 homeowners have requested all-cash offers on homes since the service launched. The company has previously said that it gives certain Premier Agent customers seller leads for homeowners who choose to decline Zillow’s offer.

Email Veronika Bondarenko

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

December 2024
Mon Tue Wed Thu Fri Sat Sun
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...