Zillow has announced partnerships with several homebuilders in the United States which will extend the reach of its Zillow Offers service.
For buyers of new homes from selected builders, Zillow will offer to buy their existing home from them directly and enjoy an extended closing period between 7 days and 8 months so they can move seamlessly to their new home.
"Many new construction buyers are also trying to sell their current home at the same time as buying, which is stressful," said Lucy Wohltman, Vice President of New Construction at Zillow. "Not only are these buyers trying to prepare for open houses and align timelines, they can be struggling with the daunting reality of owning two homes at once. At its core, Zillow Offers was designed to alleviate these pain points by giving homeowners a quick and efficient way to sell their home in time to purchase their next."
The partnerships are in select US markets including The Providence Group in Atlanta, NewStyle Communities in Charlotte, N.C., Kindred Homes in Dallas and San Antonio, Saratoga Homes in Houston, Avex Homes in Orlando, Fla., Woodbridge Pacific Group in Riverside, Calif., Caviness & Cates, Drees Homes and Stanley Martin Homes in Raleigh, N.C., and Minto Communities in Florida.
The homes that are part of the agreement will be clearly marked on Zillow listings.
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