SEATTLE, May 27, 2020 /PRNewswire/ -- Zillow Group,
Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people
buy, sell and finance homes, has resumed buying homes in five
additional Zillow Offers markets, bringing the total to nine.
Homeowners in Portland, Ore.,
Nashville, Denver, Fort
Collins and Colorado Springs,
Colo. now have the option to conveniently and safely sell
their home directly to Zillow. Last week, the company restarted
home buying in Phoenix,
Tucson, Ariz., Raleigh, N.C. and Charlotte, N.C. Zillow had paused home
acquisitions in all 24 markets where it operates on March 23, in response to housing market
uncertainty and public health concerns.
Zillow data shows increasing activity from buyers and sellers,
as the number of newly listed homes and pending sales have
increased in recent weeks1. Survey data indicate
stay-at-home orders have prompted people to want to
move2. Zillow Offers is ramping back up quickly to offer
another option for a safe sale.
"We know that people still want to move, and Zillow Offers is a
way for them to do so safely and easily," said Zillow President
Jeremy Wacksman. " With Zillow
Offers, homeowners can sell their home without showings or open
houses and can close digitally. For Zillow-owned homes, we've
rolled out new health and safety measures so buyers can feel
confident during an in-person tour. We also provide a virtual tour
option through our 3D Home feature. We are committed to helping
people find and move into a home they love."
For all of its operations, Zillow is following guidelines from
its new health safety initiative Move Forward. Stay Safe., which
includes industry-leading measures to provide customers with a safe
way to buy and sell homes. Former U.S. Surgeon General Dr.
Regina Benjamin, MD, MBA has
partnered with Zillow as the company's Health Advisor. These new
health protocols, combined with Zillow's technology, will give
buyers and sellers the confidence to move safely.
Homeowners selling directly to Zillow can do so while minimizing
in-person interactions thanks to the service eliminating the need
for open houses or home showings, and providing the option for an
all-digital closing.
To help ensure buyers shopping for a home can do so safely,
instead of holding open houses, Zillow is using proprietary 3D Home
tours and live, scheduled virtual tours with an agent.
Buyers who are interested in visiting a Zillow-owned home in
person can feel more secure knowing all Zillow-owned homes follow
a "Clean, Protect, Distance" protocol, which includes
additional cleaning, recommendations to wear personal protective
equipment for in-person tours, and limiting those tours to maintain
healthy social distancing. In Portland, shoppers can use self-tour
technology to visit a home unassisted.
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), the largest
portfolio of real estate brands on mobile and the web, is building
a safe, on-demand real estate experience. Whether selling, buying,
renting or financing, customers can turn to Zillow's businesses to
find and get into their next home with speed, certainty and
ease.
In addition to Zillow's for-sale and rental listings, Zillow
Offers buys and sells homes directly in dozens of markets across
the country, allowing sellers control over their timeline.
Zillow Closing Services offers customers Zillow-branded title and
escrow services to support a more seamless transaction experience.
Zillow Home Loans, our affiliate lender, provides our customers
with an easy option to get pre-approved and secure financing for
their next home purchase.
Millions of people visit Zillow Group sites every month to start
their home search, and now they can rely on Zillow to help them
finish it — with the same confidence, ease and empowerment they've
come to expect from real estate's most trusted brand.
Zillow, Zillow Offers, and Zillow Closing Services are
registered trademarks of Zillow, Inc. Zillow Home Loans, LLC is an
Equal Housing Lender; NMLS 10287, www.nmlsconsumeraccess.org.
The company is headquartered in Seattle.
(ZFIN)
1https://www.zillow.com/research/april-2020-market-report-27100/
2https://www.zillow.com/research/coronavirus-remote-work-suburbs-27046/
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SOURCE Zillow