buy-my-house

Will Zillow Buy My House?

In Blog, seller resources by faircashnow

Selling a house is a big undertaking. The road from preparing it for sale to finally signing on the dotted line can be a long, twisty, and very stressful process.  For this reason (and more), many homeowners are looking for easier ways to sell their homes. One option that may catch your eye is the new program, Zillow Offers, which allows people to skip the traditional sales process and sell their home directly to Zillow. You may already be thinking, “Will Zillow buy MY house?” Keep reading to find out.

Why Would I Want Zillow to Buy My house?

Most people are aware of Zillow as a giant real estate site that allows people to list their homes FSBO or find a reputable seller’s agent in their area. They also offer home selling resources such as their Zestimate for finding out a home’s value and so much more.

When Zillow launched its new program, Zillow Offers, it opened up doors for many homeowners to consider a new option for selling their homes.

Cutting out the middleman sounds like a good option, but is it? What makes this program unique and does it work? Let’s find out.

How Does the Zillow Offers Process Work?

The Zillow Offers process is quite simple. Homeowners fill out an online application on Zillow’s website. They’ll answer a few questions about the home that will determine its eligibility to be sold through the program.

Zillow promises to connect with them within 1-3 days after submitting their application. From there, Zillow calculates an approximate sale price based on various factors including the home’s Zestimate and comparative market analysis.

After this, a Zillow representative will complete an in-person evaluation. Homeowners are not required to make necessary repairs to the home, but the estimated cost of those repairs will be deducted from the offer.

Once Zillow has gathered all the pertinent information, the homeowner receives a no-obligation offer. If they decide to accept, they can choose a convenient closing date anywhere between 5-90 days and will receive a cash payment within a few days.

Sounds great, doesn’t it? Definitely seems to make selling a house much easier than traditional methods. But with all things, you have to weigh the pros and cons and make an educated decision for your specific situation.

What Is the Upside of Letting Zillow Buy My House?

There’s a lot to love about the idea of selling a home to Zillow through Zillow Offers. First, there is no need to prep the home for sale. No need to make repairs, paint the walls, or refresh the landscaping. Why? There is no train of buyers that need to be impressed.

This also means that homeowners don’t have to worry about keeping their homes constantly clean in preparation for showings. They won’t be dealing with real estate agents or waiting weeks or months for an offer. It’s like an express lane for selling your house.

Furthermore, the likelihood of an offer from Zillow Offers falling through during closing is basically zero. Traditional real estate house closings take approximately 30 days (if not longer), and the sale can fall through at any point during that time.

Two of the most common reasons for this are that the buyer’s financing doesn’t get approved, or the inspector finds something during the inspection that the buyer doesn’t feel comfortable with and/or the seller doesn’t want to fix. Once that happens, you start the process of finding a buyer all over again (fingers crossed there are good backups!). If the market is struggling, this can really stretch out your process, and you have no guarantee of selling.

Neither of these scenarios is a problem when selling to Zillow Offers. As cash buyers, they don’t have to worry about being approved for financing, and they will already have factored home repairs into their initial offer. It’s smooth sailing after that!

What Is the Downside of Using Zillow Offers to Sell My House?

If selling your home on Zillow Offers was based solely on the upside, realtors would be at a huge disadvantage. However, as with everything, there are some downsides to the simplicity of using Zillow Offers. The big one is money, of course. All this ease and convenience comes at a price. An offer from Zillow Offers is likely to be considerably less than what the home could be sold for on the open market.

Any fast transaction comes with a high cost. Time IS money. For those prioritizing time over profit, it could be a good fit. However, it’s important for homeowners to crunch the numbers and know how much money they’ll lose in the transaction.

Another downside is that Zillow Offers isn’t available in all markets. For example, they have a service area in Charlotte, NC. However, if your home is located outside their market in Virginia or other parts of North Carolina, it won’t qualify for the program.

Finally, Zillow Offers doesn’t make it clear on their website, but sellers will still be responsible for closing fees. Zillow charges a 6% fee for the sale (same as using a real estate agent), and the seller typically has to pay 1-2% extra for their portion of the closing fees.

All in all, Zillow Offers can be a good option for people who need to sell their house quickly or who really don’t want to deal with the hassle of selling on the open market. You will need to thoughtfully consider what is best for you—more time or more money?

buy-my-house -oanoke

Quick Fix Real Estate Will Buy My House in Roanoke

For people interested in selling their home to a cash buyer it’s important to realize that Zillow Offers isn’t the only fish in the sea. There are other cash buyers out there that can offer all of the same benefits with fewer drawbacks. Whether it’s Roanoke, Richmond, other parts of Virginia, or even North Carolina, Quick Fix Real Estate can be the solution you need to sell your home quickly and easily.

Zillow Offers vs Quick Fix Real Estate

At Quick Fix Real Estate, sellers can enjoy the same stress-free sale process but save substantially more money. Zillow charges a total of about 7-8% of the sale price in fees, whereas we cover 100% of those costs. Say goodbye to closing costs when selling to Quick Fix Real Estate!

As a small, locally owned and operated company, we have our finger on the heartbeat of the North Carolina and Virginia real estate markets. On the other hand, Zillow will only place offers on homes within their service area, but we are available to homeowners all over the state.

We also pride ourselves on offering sellers a fair price. We’re not a big operation looking for homes at wholesale prices. We’re a small business that understands we are working with our neighbors, and we will treat individuals like real people. Our goal is to help homeowners in need, and you can expect professionalism from the very start.

Selling Your House to Quick Fix Real Estate

Are you interested in selling to a cash buyer? Have you been asking yourself “who can buy my house quickly and conveniently?”

Check us out here at Quick Fix Real Estate. Don’t worry about house preparation or repairs, kiss those closing costs goodbye, and close on your home in as little as seven days. There couldn’t be an easier, more effective way to sell your house.

Contact us today!