samantha25
Pearl Clutcher
Posts: 2,912 
|
Post by samantha25 on Mar 7, 2020 2:39:27 GMT
I just clicked on their "cash offer". They will do everything, with commission of 7.5%, no hassle, an iBuyers market. I sent my info to them to see what they will offer. Interesting.....
|
|
Kerri W
Pearl Clutcher
Posts: 3,770
Location: Kentucky
|
Post by Kerri W on Mar 7, 2020 2:53:44 GMT
Well I work in a real estate office. I’m not an agent but I work extensively with Zillow. While a good tool for consumers, Zillow is not known to be easy to work with, is constantly changing with no explanation and is horribly inaccurate. I obviously have a strong opinion, but I can only imagine it will not be an easy transaction to say the least.
|
|
samantha25
Pearl Clutcher
Posts: 2,912
|
Post by samantha25 on Mar 7, 2020 3:14:37 GMT
Well I work in a real estate office. I’m not an agent but I work extensively with Zillow. While a good tool for consumers, Zillow is not known to be easy to work with, is constantly changing with no explanation and is horribly inaccurate. I obviously have a strong opinion, but I can only imagine it will not be an easy transaction to say the least. Thank you... I'm interested in their endeavor into selling/buying homes which seems to be recent with no hassle vs. their overpriced amount when searching via their site (you can own this house and it will cost you this amount which seems overpriced). I've heard it referenced as an I buyers market. Have you been involved with this aspect? TFS |
|
Deleted
Posts: 0
May 19, 2024 12:44:51 GMT
|
Post by Deleted on Mar 7, 2020 4:03:32 GMT
6% is the standard commission.
|
|
|
|
Post by chaosisapony on Mar 7, 2020 4:05:53 GMT
That seems like a very high percentage for a cash transaction. When I sold my old place I sold it to an investor for cash. No commission involved, we just did up a simple contract and he paid all the title company fees. I paid $0 and we both got a good deal on my property. I would encourage you to shop around a bit. I know at least where I live it is definitely a seller's market.
|
|
|
|
Post by **GypsyGirl** on Mar 7, 2020 5:10:51 GMT
I'm curious what the realtor commissions are in your area? Here they are 6%, so the 7.5% would not appeal to me. Have you had any local realtors come in and give you an appraisal of your home, as well as current market comps? Definitely worth doing that so that you can do a direct comparison to what Zillow offers.
|
|
|
|
Post by kamper on Mar 7, 2020 16:23:08 GMT
We got an offer from them because, I was curious. It was VERY low and the commission and fees were more than what our realtor charged. We ended up with more money going the traditional route. For most people their home is their largest asset. Why wouldn't you want a professional on your side?
|
|
samantha25
Pearl Clutcher
Posts: 2,912
|
Post by samantha25 on Mar 7, 2020 21:52:40 GMT
We got an offer from them because, I was curious. It was VERY low and the commission and fees were more than what our realtor charged. We ended up with more money going the traditional route. For most people their home is their largest asset. Why wouldn't you want a professional on your side? I didn't specify whether I had a realtor or not. Just asking for experiences... |
|
|
|
Post by kamper on Mar 7, 2020 22:19:34 GMT
We got an offer from them because, I was curious. It was VERY low and the commission and fees were more than what our realtor charged. We ended up with more money going the traditional route. For most people their home is their largest asset. Why wouldn't you want a professional on your side? I didn't specify whether I had a realtor or not. Just asking for experiences... and that was our experience. Why don't you just have your realtor get a quote from them? They will work with a realtor. |
|
|
|
Post by Leone on Mar 8, 2020 0:09:34 GMT
I find Zillow prices to be not real reliable. And 6% is the normal rate in AZ.
|
|
