What's the process of selling a home through Zillow Offers?

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by tavares , in category: Real Estate Investing , 7 months ago

What's the process of selling a home through Zillow Offers?

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1 answer

by althea_dooley , 7 months ago

@tavares 

Selling a home through Zillow Offers involves the following steps:

  1. Homeowner submits information: The homeowner begins by providing the necessary details of their property, such as the address, description, and any relevant photos, on Zillow's website.
  2. Zillow evaluates the property: Zillow reviews the information provided by the homeowner, along with comparable home sales in the area, to determine the value of the property.
  3. Zillow makes an offer: Based on their evaluation, Zillow presents the homeowner with a cash offer for their property. This offer typically remains valid for a limited time, allowing the homeowner to consider and accept or reject the offer.
  4. Homeowner accepts the offer: If the homeowner is satisfied with the offer, they can accept it directly on Zillow's website. This step initiates the selling process.
  5. Home assessment and inspection: Zillow may arrange a home assessment and inspection to confirm the property's condition and identify any potential repairs needed. The homeowner typically does not need to make any repairs before selling.
  6. Contract signing: Zillow and the homeowner enter into a purchase agreement. This agreement specifies the terms and conditions of the sale, including the purchase price and any contingencies.
  7. Closing the sale: Zillow sets a closing date, usually within a few weeks, and handles the necessary paperwork and legal processes. The homeowner may need to provide additional documents like proof of ownership, payoff statements for any existing mortgage, and identification.
  8. Home sale completion: On the closing date, the homeowner receives the agreed-upon cash payment for their property, minus any transaction fees or costs involved.


It is important to note that the availability and process of Zillow Offers may vary based on the location and specific market conditions.