Nearby homes Skip to the end of the carousel $347,100 4bd|2ba|1.5ksqft 3726 W State Ave, Phoenix, AZ 85051 Off Market $337,300 3bd|2ba|1.5ksqft 3714 W State Ave, Phoenix, AZ 85051 Off Market $322,200 3bd|2ba|1.3ksqft ...
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the company had gotten aggressive and paid too much for too many homes, leaving it with a deep backlog of homes to flip and forcing it to take losses on many of those properties. Zillow soon paused all of
The online real estate marketplace Zillow has just launched a new feature called “Zillow Offers,” formerly known as Zillow Instant Offers, aimed at helping seemingly impatient sellers quickly offload their homes. In short, their research has found that some homeowners want a “faster, simpler s...
Zillowshares plunged 9 percent on Friday after the online real estate database company announced it will begin buying and selling homes, a capital-intensive endeavor. With Zillow's new program,announcedon Thursday, home sellers in the test markets of Phoenix and Las Vegas will be able to u...
In just 19 months since Zillow Offers first launched in Phoenix, it has grown to a total of 221 markets across the country - with Los Angeles, the nation's 2nd largest housing market, representing the largest market where Zillow Offers is available to-date...
However, Zillow is not changing the way houses are purchased. An agent in each of the Zillow Offers markets is used to listing each Zillow-owned home for sale, and hosts open houses for prospective buyers to tour the homes in-person. ...
By October, the company had listed 250 Phoenix homes at a median-price discount of 6.2% below what it had paid for them. DelPrete called Zillow’s price blunder a catastrophic failure. GET FOX BUSINESS ON THE GO BY CLICKING HERE
The company is also using Service Cloud to power Zillow Offers, the program where Zillow buys homes directly from homeowners in the U.S. and quickly relists them for sale. For example, if a Zillow Offers advisor, who engages directly with a homeowner requesting a Zillow Offer, has a questi...
Zillow is a real estate information site that makes money from ads. But the company now wants a cut of the home buying and selling process. It's a potentially risky move and Wall Street doesn't seem too pleased by the new strategy.