Zillow Begins Buying and Selling Homes in Denver

Zillow Offers launches its fourth market today

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Oct 22, 2018, 08:00 ET

SEATTLE, Oct. 22, 2018 /PRNewswire/ -- Starting today, home sellers in Denver can use Zillow Offers to request a cash offer from Zillow to buy their home.

Zillow Offers reduces the stress and uncertainty that typically goes along with selling a home. Starting today, potential home sellers in the Denver area will be able to request a free, no-obligation cash offer from Zillow to purchase their home. If the seller accepts the offer, they will choose their closing date and then Zillow will conduct a free home evaluation to finalize the offer.

Denver is the fourth market where Zillow now directly buys homes, prepares them for showings and quickly lists them for resale. Zillow Offers is currently available in Phoenix, Las Vegas and Atlanta, and will launch in two North Carolina markets – Charlotte and Raleigh – this winter.

Zillow Offers is designed to give consumers more control and certainty in the home-selling process and allows sellers the opportunity to sell their house on their own timeline. Timing the sale of a home with the purchase of a new one is a top concern for sellersⁱ, and according to Zillow's latest research, 61 percent of sellers are buying a new home at the same time, which adds significant stress and financial complexity to the process.

With Zillow Offers, consumers will be able to sell their home without having to prep for showings and host open houses, avoiding the extra work and time associated with a traditional sale.

"We are so excited to bring Zillow Offers to Denver-area homeowners and empower them with more control in one of the largest financial transactions of their life," said Zillow Brand President Jeremy Wacksman. "The Denver housing market is changing quickly, and many homeowners are trying to time the sale of their home with the purchase of a new one. Rising inventory can make the timing of a sale more uncertain, making Zillow Offers even more desirable. Zillow Offers aims to alleviate some of that stress, giving sellers the ability to customize their selling experience, and we can't wait to get started today in Denver."

In every market where Zillow Offers is available, Zillow works with local agents and brokers in each transaction. Zillow pays a commission to local real estate agents when it buys and sells each home, and agents remain at the center of every transaction Zillow is a part of. In the Denver market, Atlas Real Estate Group will be representing Zillow in all its transactions.

"At Atlas, we have always been forward thinking; constantly evaluating opportunities, market trends and exploring new ways real estate can serve as a long-term investment vehicle," said Jason Shepherd, co-founder of Atlas Real Estate Group. "We are excited to use our entrepreneurial mindset in our partnership with Zillow Offers to help improve the consumer experience of buying and selling a home. Zillow Offers is a unique and needed service for home sellers in Denver and will solve a huge problem that exists in the market right now - homeowners want convenience and certainty when selling their home. We are always looking to add value at Atlas, and this not only adds value to our clients and consumers, but to the entire real estate industry, and that's a fun and exciting thing to be a part of."

The Zillow Offers program also gives brokerages and Premier Agents the opportunity to acquire new listings by connecting them with motivated sellers who have taken a direct action to sell their home. The three brokerages partnering with Zillow for the Denver launch are 8z Real Estate, Berkshire Hathaway HomeServices Innovative Real Estate and RE/MAX Alliance. Consumers who request a Zillow Offer, but decide to instead sell their house traditionally with an agent or do not receive a Zillow Offer, will be connected with a local brokerage or Premier Agent.

Additionally, Zillow has hired Sue Dolquist as Denver's General Manager to run day-to-day operations for Zillow Offers. Dolquist started in the Denver market in 2005 as a broker for Prudential Colorado Real Estate, then served as Chief Operating Officer at ERA Herman Group with over 1,000 agents, and at Asset Management Real Estate serving 16 states. Most recently, Dolquist was Director of Brokerage Operations and Managing Broker for Colorado for Investability Real Estate, Inc.

"I am thrilled to be launching Zillow Offers in Denver today, to provide a convenient service to home sellers that gives them a close date of their choosing and a guaranteed cash offer," said Dolquist. "Having worked in the industry for so many years, I understand how stressful selling a home can be, with showings, repairs and undefined dates. As a long-time Denver broker, I appreciate that at Zillow we are using local real estate brokers for all our transactions. The combination of the technology and reach of Zillow, with the local expertise and knowledge of Denver brokers, makes Zillow Offers a win for Denver consumers."

Zillow
Zillow® is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with great real estate professionals. Zillow serves the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. Zillow Offers provides homeowners in some metropolitan areas with the opportunity to receive offers to purchase their home from Zillow. When Zillow buys a home, it will make necessary updates and list the home for resale on the open market.

In addition to Zillow.com, Zillow operates the most popular suite of mobile real estate apps, with more than two dozen apps across all major platforms. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ:Z and ZG) and headquartered in Seattle.

Zillow is a registered trademark of Zillow, Inc. Zillow Offers is a trademark of Zillow, Inc.

[i] According to the 2018 Zillow Group Consumer Housing Trends Report.

SOURCE Zillow