It’s conclusive – the Zillow Offers program is only good for sellers who want/need BOTH quick cash and max convenience, because the cost is heavy.
TIPS TO HOME SELLERS:
- Don’t find yourself in a position where you NEED to cash out in a week.
- If you want max convenience, hire me and we’ll handle everything.
- Don’t get suckered by the bait-and-switch.
The word on the street is that they are pushing down the zestimates to help convince sellers to take less – and they have already bought 31 properties in San Diego. Keep a record of your zestimates!
Zillow will likely be successful, however, because they don’t mind spending $100 million per year on advertising to promote their brand – and it works.
They give you just enough sexy to suck you in:
The builder trade-in programs will be worse than when you trade in your car:
Customers who sold their homes to certain iBuyers on average netted 11% less than people who sold their homes on the open market, a MarketWatch analysis found.
https://www.marketwatch.com/story/zillow-partners-with-home-builders-to-expand-home-buying-business-2019-09-23