Online real estate marketplace Zillow will be expanding its Zillow Offers homebuying and selling program to home sellers in Miami, Minneapolis-Saint Paul, Nashville, Orlando, and Portland, Ore.
With Zillow Offers, Zillow directly buys a seller's house, prepares it for showings, and then quickly lists it for sale. Agents from local brokerages will represent Zillow in the transaction.
Home sellers in these markets will be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow will be launching the program in each of these five markets throughout the year and expects all five to be active by the fall.
"Since launching Zillow Offers just nine short months ago, we have been continually excited by the strong demand from homeowners throughout the country and are constantly getting asked when Zillow Offers will come to their market," said Jeremy Wacksman, president of Zillow Brand. "It's clear people want a convenient, stress-free way to sell their home, and real estate professionals are eager to work with us to leverage Zillow Offers as a way to build their local businesses. With today's announcement, we are excited to continue to rapidly scale Zillow Offers throughout the country and we are well on our way to delivering a simple, on demand real estate experience to consumers in at least 14 markets this year."