Zillow puts its first home under contract as a seller — but reduces price by 1.6% on another

Zillow has put its first home under contract as a seller, with an expected closing in mid-July, listing agent George Laughton confirmed to Inman.

How is Zillow deciding which Premier Agents get Instant Offers leads?

Becky Garcia, an Arizona-based agent with The Garcia Group, and George Laughton, of the Laughton Team, became early adapters of Zillow’s Instant Offers program. Here’s how shrewd business sense and steely focus helped them reap the benefits.

Opendoor rivals don’t fear Silicon Valley upstart’s $325M round

Opendoor’s competitors are optimistic that the company’s massive $325 million funding round shows confidence and interest in their industry from investors.

Inside Zillow’s Instant Offers expansion

Zillow is launching its direct-to-consumer homebuying service in Las Vegas Wednesday after strong demand in Phoenix, its first market. And local agents are sharing in the success.

What’s it like to be the first agent to sell a home owned by Zillow?

A listing in Chandler, Arizona, looks a lot like others in the area. There’s high-resolution photos, two open houses scheduled and a description of a gas fireplace and back patio. The only difference? It’s being sold by multi-billion-dollar real estate technology giant Zillow.

Zillow’s an iBuyer: What does that mean for you?

Now that a little time has passed since the announcement by Zillow that it will be “collaborating” on the purchase and sale of properties using its Instant Offers platform (currently being tested in Las Vegas and Phoenix markets), I’ve had the chance to think about what it might mean for organized real estate.

How agents are reacting to the iBuyer wars

Zillow may as well have declared war on iBuyers when it announced it would start buying and selling homes on its own. The intense competition between Zillow, Opendoor and OfferPad has agents paying close attention.

The latest news on Zillow’s move to buy and sell homes directly

Seattle-based real estate tech giant Zillow sent shockwaves throughout the industry last week by announcing it would be launching a major new business initiative: buying and re-selling homes directly from consumers…

As homebuyer, Zillow delivers the ultimate lead

Last week, Zillow announced it was going to start directly buying and selling houses. More specifically, it will actively participate in its Instant Offers Marketplace, which allows consumers to get instant offers on their homes (the iBuyer model).

Making the Next Play: With Instant Offers, Zillow to Begin Buying and Selling

Zillow announced on Thursday it is becoming a buyer and seller through its Instant Offers platform, beginning in Las Vegas and Phoenix with Premier Agents this spring. Arik Prawer, formerly chief integration officer at Invitation Homes, has been appointed chief business development officer to oversee the participation of Zillow on the platform. On Instant Offers, […]

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