Zillow has announced an exclusive partnership with D.R. Horton, offering their shared customers several perks and a "more seamless experience."
New home construction picked up pace this summer to meet rising demand. However, syncing the timing of the sale of their existing home and the closing of the new one has remained a challenge for buyers purchasing a new-construction home.
That's why the companies collaborated to give customers the chance to sell through Zillow Offers, which offers a flexible closing date, so the home has more control of their own transactions. Some of the upsides of the partnership include an extended closing timeline of up to eight months and the ability to modify the closing date to better align both transactions.
"Buying a new home is an exciting time, and we're proud to collaborate with the nation's largest home builder to help people unlock life's next chapter. We look forward to working together to offer a more seamless experience for our shared customers," said Arik Prawer, president of Zillow Homes division. "Zillow Offers puts sellers in control of their own transaction. In a time when social distancing is becoming a necessity, selling to Zillow Offers provides a safe and flexible way to transact so new construction buyers can focus on moving into their next dream home."
Eligible D.R. Horton customers selling through Zillow Offers can also receive cash credits at closing and free local moving services, according to Zillow.
"We are excited to partner with Zillow to bring more convenience and flexibility to the home buying experience," said Donald Horton, chairman of D.R. Horton. "This is a great opportunity to provide our customers with new options to streamline the process of selling their existing home and help them move into their new D.R. Horton home more efficiently."