Zillow spreads its home-buying program to Orlando

March 10, 2019

US real estate giant, Zillow Group is planning to bring its direct home-buying program to the city of Orlando, Florida, among five other cities. 

The Seattle-based online service plans to roll out its Zillow Offers program by fall, buying houses from sellers in as little as a week and then turning around and selling them for a higher price, the company said.

Orlando joins nine other cities where Zillow has already launched the service along with four other areas getting Zillow Offers this fall: Miami, Minneapolis-Saint Paul, Nashville and Portland.

It joins a handful of other services such as Opendoor, Offerpad and Rex that will either buy houses directly from consumers or circumvent the traditional real estate agent model.

Online home buying services have been controversial among real estate professionals because of worries that they cut out local agents and try to take advantage of rising real estate prices.

Zillow said it does plan to work with local real estate agents on deals, or refer buyers to local agents if the Zillow’s offer isn’t accepted.

"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,” said Zillow Brand President Jeremy Wacksman. “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."

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Bkk 2019 Ppw Banner 02062019

March 10, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick