Homeowners in Houston, Texas can now sell their home directly to Zillow. The online Real Estate giant said that starting today, it will start buying homes in Houston through its Zillow Offers direct buying program.
Zillow Offers allows homeowners to request a no-obligation cash offer from Zillow to buy their home. If they accept it, Zillow directly buys a seller’s house, prepares it for showings and quickly lists it for sale.
The company started its home buying program last year in Phoenix and Las Vegas, then expanded it to Atlanta, Denver and Charlotte, North Carolina.
Zillow is also planning to begin buying houses in Raleigh, North Carolina, Riverside, California, Minneapolis, Orlando, Portland, Nashville, and Miami this year.
I haven’t taken the time to ponder whether I think this is good for the industry or not. It might help move more real estate faster, but it might also hurt the local real estate shops.
Let me know what you think.
Is Zillow buying and selling homes good for the real estate industry?
Select up to 1 answers below.