I just sold my house to Zillow offers. Just to outline my experience: I initially filled out their form just for kicks, thinking they would give a lowball offer. Their preliminary offer actually matched what two prominent local realtors suggested I put on the market for. At this point, I agreed to the inspection (figured this was where their corporate sharkiness would come through). After the inspection, they raised their offer by 40k. At that point, it was just a done deal for me and I signed the contract. They had a 15 day feasibility period which passed with no contact. I just closed and there was never any “gotcha!” moment where they attempted to change the offer. The final walkthrough was super chill. Zillow’s fees were only 5% (compared to 6% local realtors would have charged). I have no regrets on my experience.
Anyone had a similar experience? Thoughts on their strategy? I don’t know how they will make a profit in this case.