By Jon Davis
Do you need to sell your Brooklyn brownstone? Maybe you’re looking to sell your home fast so you can move to a new city.
The online real estate data firm, Zillow, wants to buy your home under a new program. The Zillow Zestimate cash offers will start in 23 markets.
Here’s how the real estate program works in 4 steps.
- Fill out the Zillow application. Answer questions about your home and check eligibility. A Zillow Advisor will follow up within 1-3 days.
- You will get a market value of your home based on your answers. The Zestimate, looks into the facts you provided, and comparable homes nearby are used to calculate an estimated sale price.
- Schedule an in-person evaluation. Under this step, Zillow takes care of any repairs for you and clearly reflects them in your offer.
- Review the final offer. The offer comes with no-obligation. You get to choose the closing date, and your cash payment will be transferred within a few days.
How Zillow Zestimate Works
Zillow has used its own pricing algorithm for its Zestimate tool for years. This latest move suggests that Zillow is going after the real estate market and the broker share of home sales.