An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Did you miss out on HousingWire Annual? We have you covered! Join us virtually on October 25 for a chance to see hand picked sessions from our in-person HousingWire Annual in Frisco. Register now for FREE!

How brokers can help today’s unique borrower

The average borrower has drastically changed throughout the years. More borrowers are self-employed, work remotely and have multiple streams of income. Learn about the tools to assist any borrower quickly and effectively.

Experts on how AI makes a difference in the mortgage process

Today’s HousingWire Daily features a roundtable discussion on “Humans versus really smart machines” and what the right mix looks like to gain efficiencies in the mortgage loan manufacturing process.

CoronavirusReal Estate

Zillow Offers resumes buying in five more markets

Company has also instituted new safety and cleaning procedures for homes it owns

Zillow’s iBuying service, Zillow Offers, resumed purchasing homes in five additional markets Wednesday.

The iBuyer paused its services on March 23 due to COVID-19 but resumed homebuying in Phoenix; Tucson, Arizona; Raleigh, North Carolina; and Charlotte, North Carolina on May 18.

Now, homeowners in Portland, Oregon; Nashville; Denver; Fort Collins; and Colorado Springs, Colorado will also have the option to sell their home directly to Zillow.

“We know that people still want to move, and Zillow Offers is a way for them to do so safely and easily,” said Zillow President Jeremy Wacksman. “With Zillow Offers, homeowners can sell their home without showings or open houses and can close digitally.”

“For Zillow-owned homes, we’ve rolled out new health and safety measures so buyers can feel confident during an in-person tour,” Wacksman continued. “We also provide a virtual tour option through our 3D Home feature.

In March, as states were issuing stay-at-home orders to stem the spread of the virus, home sellers who had pending contracts with Zillow got notices that those were being canceled. These “Coronavirus Termination of Real Estate Agreement” notices offered a $5,000 incentive or payment of seller costs to put the house back on the market.

As Zillow re-enters the market during the pandemic, it said it also is launching a health-safety initiative to protect its customers, employees and partners.

Zillow said for-sale homes will undergo an additional cleaning regimen, and personal protective equipment, such as masks and gloves, will be recommended for all people entering the properties. Also, the number of in-person tours will be limited to allow for healthy distancing.

While Zillow Offers has resumed, there will be no open houses, the company said. Zillow said that prospective homebuyers can virtually walk through homes with its 3D home tours, request a virtual tour or consultation, and in some markets, can use self-tour technology to visit a home unassisted.

According to Zillow, data shows there is increasing activity from buyers and sellers, as the number of newly listed homes, as well as home listing traffic and pending sales have increased in recent weeks.

Leave a comment

Most Popular Articles

Fannie Mae: Mortgage rates and home prices will rise in ’22

Economists at Fannie Mae expect higher mortgage rates and home prices next year due to higher inflation, a tightening of monetary policy, and low home inventory

Oct 15, 2021 By

Latest Articles

What does it really mean to digitize the closing process?

ICE Mortgage Technology, a global provider of data, technology and market infrastructure, recently announced that Encompass eClose, its end-to-end eClose solution, is expanding its hybrid capabilities to now include full eNote and eVault functionality. In advance of that announcement, HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with ICE Mortgage Technology President Joe Tyrrell to talk about what it actually means to digitize the closing process.

Oct 18, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please