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Zillow Announces They Are Buying Homes. Yes, you heard that right…Zillow will now be buying and selling homes. Similar to the process currently in place with online home purchasing sites like Offerpad, Zillow will no longer be only selling advertisements on real estate listings…THEY WILL BE THE BUYER AND SELLER OF HOMES.
Zillow will begin buying and selling homes through its Zillow Offers program in five new markets in 2019: Miami, Minneapolis-St.Paul, Nashville, Orlando and Portland. Sellers in these markets can request cash offers from Zillow to buy their home. Zillow announced it expects the program to be fulling up and running in these markets by the fall.
Zillow.com expert review by ConsumerAffairs. Zillow was launched by two former Microsoft executives in 2006. It is owned by the Zillow Group and makes a profit by selling ad space on the website and through its partner with U.S. newspapers to provide real estate searches on their websites.
An IDX (Internet data exchange) website is a standard real estate agent site that allows users to search property listings sourced from the multiple listing services (MLS). This functionality is made possible by an IDX-enabled theme which displays listing information in an attractive layout.